Bank of New York Mellon Reduces Stake in Janus Henderson Group

Bank of New York Mellon Corp has reduced its holdings in Janus Henderson Group plc by 3.3% during the second quarter of 2023, as reported in the company’s latest Form 13F filing with the Securities and Exchange Commission. The financial institution sold 33,564 shares, bringing its total ownership to 991,386 shares, valued at approximately $38.5 million. This reduction means that Bank of New York Mellon now holds about 0.64% of Janus Henderson Group.

Several other institutional investors have also adjusted their positions in Janus Henderson Group recently. For instance, AMG National Trust Bank increased its stake by 0.9%, acquiring an additional 237 shares and bringing its total to 26,738 shares valued at $1.04 million. Meanwhile, the Louisiana State Employees Retirement System raised its position by 0.8%, now owning 35,600 shares worth $1.29 million after a purchase of 300 shares.

Similarly, Arete Wealth Advisors LLC increased their holdings by 2.4%, acquiring 309 additional shares, resulting in a total of 12,954 shares valued at $468,000. Mubadala Investment Co PJSC and Parallel Advisors LLC also made modest increases to their investments, showcasing the ongoing interest from institutional investors in Janus Henderson Group. Overall, institutional investors own approximately 87.94% of the company’s stock.

Analyst Ratings and Market Performance

Recent analyst evaluations of Janus Henderson Group have been largely positive. On October 6, Morgan Stanley reaffirmed a “positive” rating for the stock. Following closely, Zacks Research upgraded the stock from “hold” to “strong-buy” on October 13. Weiss Ratings also maintained a “buy” rating, while Bank of America recently raised its price target from $49.00 to $50.00.

As of now, two analysts have given a Strong Buy rating, eight have rated it as Buy, and two have assigned a Hold rating. The consensus rating stands at “Buy,” with an average target price of $48.11, according to MarketBeat.com.

The stock opened at $44.44 on October 30, 2023, with a 52-week range between a low of $28.26 and a high of $49.42. Janus Henderson Group’s market capitalization is approximately $6.86 billion, with a price-to-earnings ratio of 16.71. The company has demonstrated strong financial health, with a return on equity of 12.01% and a net margin of 16.06%.

Insider Transactions and Dividend Announcement

In a significant transaction, Chief Financial Officer Roger Mj Thompson sold 27,491 shares on September 11, 2023, at an average price of $45.26, amounting to a total of $1.24 million. Following this sale, Thompson’s remaining shares total 113,097, valued at approximately $5.12 million, indicating a 19.55% decrease in his ownership.

On the dividend front, Janus Henderson Group announced a quarterly dividend payment of $0.40 per share, scheduled for November 26, 2023. Shareholders of record by November 10, 2023, will be eligible for this dividend, which translates to an annualized amount of $1.60 and a dividend yield of 3.6%. The company’s payout ratio currently stands at 46.92%.

Janus Henderson Group plc operates as an asset management holding entity, catering to institutional, retail, and high-net-worth clients. The firm is involved in managing client-focused equity and fixed income portfolios, alongside mutual funds.

As the financial landscape continues to evolve, Janus Henderson Group remains a focal point of interest for both institutional investors and analysts, signifying its importance in the asset management sector.