Voya Investment Management Cuts Stake in Janus Henderson Group by 24.9%
Voya Investment Management LLC has reduced its stake in Janus Henderson Group plc by 24.9% during the third quarter of 2023. According to the firm’s latest 13F filing with the Securities and Exchange Commission, Voya now holds 39,489 shares after selling 13,110 shares, bringing the total value of its holdings to approximately $1.76 million.
Other institutional investors have also made adjustments to their positions in Janus Henderson Group. Charles Schwab Investment Management Inc. increased its stake by 3.2% in the second quarter, acquiring an additional 155,947 shares. This brings its total ownership to 5,102,005 shares, valued at around $198.2 million. Similarly, State Street Corp boosted its holdings by 0.6%, now owning 4,578,071 shares worth approximately $177.8 million.
In a significant move, AQR Capital Management LLC raised its stake by a remarkable 92.1%, now holding 3,700,170 shares valued at $143.7 million. Additionally, Norges Bank entered the picture by purchasing a new stake valued at $86.2 million, while Qube Research & Technologies Ltd increased its ownership by 8.7%, now possessing 1,856,228 shares worth around $72.1 million. Collectively, institutional investors now control approximately 87.94% of Janus Henderson Group’s stock.
Recent Stock Performance and Dividends
As of the latest trading session, shares of Janus Henderson Group opened at $47.65. Over the past year, the stock has demonstrated considerable volatility, reaching a low of $28.26 and a high of $49.42. The company maintains a debt-to-equity ratio of 0.08 and a current ratio of 4.02, indicating strong liquidity. Furthermore, Janus Henderson Group has a market capitalization of $7.36 billion and a price-to-earnings ratio of 13.97.
In a recent announcement, Janus Henderson declared a quarterly dividend of $0.40 per share, which was paid on November 26, 2023. Shareholders of record as of November 10, 2023 received this dividend, representing an annualized amount of $1.60 and reflecting a yield of 3.4%. The company’s current payout ratio stands at 46.92%, highlighting a sustainable dividend policy.
Analyst Perspectives
Janus Henderson Group has attracted attention from various analysts in recent weeks. On December 22, 2023, Cowen downgraded the stock from a “buy” to a “hold” rating. In contrast, Wall Street Zen upgraded it from “hold” to “buy” a few days prior. Weiss Ratings maintained a “buy (b)” rating on the shares, reflecting ongoing confidence in the company’s performance.
Additionally, BMO Capital Markets initiated coverage with an “outperform” rating and a target price of $52.00. Bank of America also raised its price target from $49.00 to $50.00, granting the stock a “buy” rating. Currently, one analyst has rated the stock as a Strong Buy, four as Buy, and seven as Hold. According to MarketBeat.com, Janus Henderson Group holds a consensus rating of “Moderate Buy” with a target price of $47.78.
Janus Henderson Group plc continues to be a significant player in the global asset management industry, offering a diverse range of investment solutions across equities, fixed income, multi-asset, and alternative strategies. The company provides portfolio management services to various clients, including institutional investors and individual clients, and has established a strong reputation since its formation in May 2017 through the merger of Janus Capital Group and Henderson Group.
