JANUS HENDERSON GROUP PLC
JHG · Investment Advice · 154.1M shares · -4%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: -$39M (gross $38M, SBC $77M)
Reference price $51.60 · est. market cap ~$8.0B — last insider sale, 2026-05-12 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B75Janus Henderson — asset manager with recovering flows and a clean balance sheet.
Strengths
- ROE 16% (56th pct), interest coverage 40x (94th), strong FCF (81st)
- Net income nearly doubled; low leverage
Risks
- Active-management outflow and fee-pressure risk
- Market-linked AUM sensitivity
Notable findings
- Strong balance sheetStrong balance sheet — $1.6B cash & investments
- Buying back stockNet buyback — share count -4%/yr over 4y
- Pending mergerRisks Relating to the Proposed Merger We may not complete the pending Merger within the timeframe anticipated, or at all, which could have a material adverse effect on our business, financial condi
- Insider sellingInsider selling — 7 open-market sale(s) by 7 insider(s) (cluster of 7 insiders, ~$650M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Return on equity
16.0%
Return on assets
9.8%
ROIC
14.0%
Revenue growth (QoQ)
-1.9%
Net-income growth
99.5%
Debt / equity
0.1×
Net debt / EBITDA
-1.2×
Interest coverage
40.4×
Current ratio
4.2×
Free cash flow
$711M
EBITDA
$1.0B
Tangible book value
$960M
Cash & investments
$1.6B
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-12 | Baldwin Brian M | Sell | 6.2M | $51.60 |
| 2026-05-12 | Frank Joshua D. | Sell | 6.2M | $51.60 |
| 2026-05-12 | FLOOD EUGENE JR | Tax withheld | 416 | $51.61 |
| 2026-05-12 | DESAI KALPANA | Tax withheld | 1.9K | $51.61 |
| 2026-05-12 | Sheehan Anne | Tax withheld | 392 | $51.61 |
| 2026-05-12 | Quirk Alison A. | Tax withheld | 417 | $51.61 |
| 2026-05-12 | SEYMOUR JACKSON ANGELA | Tax withheld | 2.0K | $51.61 |
| 2026-05-12 | Seidman Leslie | Tax withheld | 417 | $51.61 |
| 2026-05-11 | Sheehan Anne | Grant | 3.3K | $51.71 |
| 2026-05-11 | CASSADAY JOHN M | Grant | 5.9K | $51.71 |
| 2026-05-11 | FLOOD EUGENE JR | Grant | 3.3K | $51.71 |
| 2026-05-11 | Quirk Alison A. | Grant | 3.3K | $51.71 |
| 2026-05-11 | Seidman Leslie | Grant | 3.3K | $51.71 |
| 2026-05-11 | DESAI KALPANA | Grant | 3.3K | $51.71 |
| 2026-05-11 | SEYMOUR JACKSON ANGELA | Grant | 3.3K | $51.71 |
| 2026-05-11 | DOLAN KEVIN B | Grant | 3.3K | $51.71 |
| 2026-03-10 | PODZOROV MEGAN | Sell | 1.6K | $51.24 |
| 2026-03-02 | ROSENBERG MICHELLE | Tax withheld | 7.8K | $51.91 |
| 2026-03-02 | FOGO GEORGINA | Tax withheld | 11K | $51.97 |
| 2026-03-02 | THOMPSON ROGER MJ | Tax withheld | 11K | $51.97 |
| 2026-03-02 | PODZOROV MEGAN | Tax withheld | 286 | $51.91 |
| 2026-03-02 | CASSIDY WILLIAM B | Tax withheld | 5.4K | $51.91 |
| 2026-03-02 | CRAWFORD BERG | Tax withheld | 43 | $51.91 |
| 2026-03-02 | Dibadj Ali | Tax withheld | 43K | $51.91 |
| 2026-02-27 | PODZOROV MEGAN | Grant | 9.9K | $49.00 |
| 2026-02-27 | CASSIDY WILLIAM B | Grant | 20K | $49.00 |
| 2026-02-27 | CASSIDY WILLIAM B | Sell | 17K | $52.27 |
| 2026-02-27 | ROSENBERG MICHELLE | Grant | 29K | $49.00 |
| 2026-02-27 | FOGO GEORGINA | Grant | 14K | $49.00 |
| 2026-02-27 | Dibadj Ali | Grant | 80K | $49.00 |
| 2026-02-27 | THOMPSON ROGER MJ | Grant | 25K | $49.00 |
| 2026-02-27 | CRAWFORD BERG | Grant | 1.3K | $49.00 |
| 2026-02-18 | ROSENBERG MICHELLE | Sell | 22K | $49.27 |
| 2026-02-17 | Dibadj Ali | Sell | 128K | $49.12 |
| 2026-02-11 | THOMPSON ROGER MJ | Grant | 36K | $48.25 |
| 2026-02-11 | THOMPSON ROGER MJ | Sell | 17K | $48.25 |
| 2026-02-02 | Dibadj Ali | Grant | 213K | $48.18 |
| 2026-02-02 | ROSENBERG MICHELLE | Grant | 26K | $48.18 |
| 2026-02-02 | ROSENBERG MICHELLE | Tax withheld | 11K | $48.18 |
| 2026-02-02 | Dibadj Ali | Tax withheld | 118K | $48.18 |
| 2025-12-01 | PODZOROV MEGAN | Tax withheld | 157 | $43.54 |
| 2025-09-11 | THOMPSON ROGER MJ | Sell | 27K | $45.26 |
| 2025-09-02 | CASSIDY WILLIAM B | Tax withheld | 13K | $43.79 |
| 2025-08-04 | FOGO GEORGINA | Sell | 69K | $43.07 |
| 2025-06-13 | Dibadj Ali | Tax withheld | 39K | $36.42 |
| 2025-05-16 | DOLAN KEVIN B | Tax withheld | 1.9K | $35.48 |
| 2025-05-16 | SEYMOUR JACKSON ANGELA | Tax withheld | 2.3K | $35.48 |
| 2025-05-16 | FLOOD EUGENE JR | Tax withheld | 428 | $35.48 |
| 2025-05-16 | Quirk Alison A. | Tax withheld | 429 | $35.48 |
| 2025-05-16 | DESAI KALPANA | Tax withheld | 1.9K | $35.48 |
| 2025-05-16 | Sheehan Anne | Tax withheld | 429 | $35.48 |
| 2025-05-12 | Dibadj Ali | Grant | 196K | $38.20 |
| 2025-05-02 | Sheehan Anne | Grant | 4.2K | $35.40 |
| 2025-05-02 | CASSADAY JOHN M | Grant | 8.1K | $35.40 |
| 2025-05-02 | Seidman Leslie | Grant | 4.2K | $35.40 |
| 2025-05-02 | FLOOD EUGENE JR | Grant | 4.2K | $35.40 |
| 2025-05-02 | DESAI KALPANA | Grant | 4.2K | $35.40 |
| 2025-05-02 | SEYMOUR JACKSON ANGELA | Grant | 4.2K | $35.40 |
| 2025-05-02 | DOLAN KEVIN B | Grant | 4.2K | $35.40 |
| 2025-05-02 | Quirk Alison A. | Grant | 4.2K | $35.40 |
| 2025-03-03 | LOWRY JAMES R | Tax withheld | 1.8K | $41.61 |
| 2025-03-03 | PODZOROV MEGAN | Tax withheld | 162 | $41.89 |
| 2025-03-03 | THOMPSON ROGER MJ | Tax withheld | 3.4K | $41.61 |
| 2025-03-03 | FOGO GEORGINA | Tax withheld | 4.0K | $41.61 |
| 2025-03-03 | ROSENBERG MICHELLE | Tax withheld | 6.6K | $41.89 |
| 2025-03-03 | Dibadj Ali | Tax withheld | 29K | $41.89 |
| 2025-02-28 | LOWRY JAMES R | Tax withheld | 2.8K | $41.74 |
| 2025-02-28 | FOGO GEORGINA | Grant | 12K | $41.71 |
| 2025-02-28 | FOGO GEORGINA | Tax withheld | 6.7K | $41.74 |
| 2025-02-28 | CASSIDY WILLIAM B | Grant | 37K | $41.71 |
| 2025-02-28 | PODZOROV MEGAN | Grant | 1.3K | $41.71 |
| 2025-02-28 | CRAWFORD BERG | Grant | 450 | $41.71 |
| 2025-02-28 | Dibadj Ali | Grant | 74K | $41.71 |
| 2025-02-28 | ROSENBERG MICHELLE | Grant | 19K | $41.71 |
| 2025-02-28 | THOMPSON ROGER MJ | Grant | 20K | $41.71 |
| 2025-02-28 | THOMPSON ROGER MJ | Tax withheld | 7.0K | $41.74 |
| 2025-02-28 | LOWRY JAMES R | Grant | 17K | $41.71 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-18 | Material agreementReg FDExhibits | filing ↗ |
| 2026-06-02 | Shareholder vote | filing ↗ |
| 2026-05-08 | ResultsExhibits | filing ↗ |
| 2026-04-17 | Shareholder vote | filing ↗ |
| 2026-03-25 | Reg FDExhibits | filing ↗ |
| 2026-03-24 | Material agreementOtherExhibits | filing ↗ |
| 2026-01-30 | ResultsExhibits | filing ↗ |
| 2025-12-22 | Material agreementOtherExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-18 | 2026-06-16 | 0001104659-26-075457 ↗ |
| 8-K | 2026-06-02 | 2026-05-29 | 0001104659-26-069168 ↗ |
| 10-Q | 2026-05-08 | 2026-03-31 | 0001437749-26-015926 ↗ |
| 8-K | 2026-05-08 | 2026-05-08 | 0001437749-26-015922 ↗ |
| 8-K | 2026-04-17 | 2026-04-16 | 0001104659-26-044632 ↗ |
| 8-K | 2026-03-25 | 2026-03-24 | 0001104659-26-034515 ↗ |
| 8-K | 2026-03-24 | 2026-03-24 | 0001104659-26-033933 ↗ |
| 10-K | 2026-02-25 | 2025-12-31 | 0001437749-26-005628 ↗ |
| 8-K | 2026-01-30 | 2026-01-30 | 0001437749-26-002469 ↗ |
| 8-K | 2025-12-22 | 2025-12-21 | 0001104659-25-123536 ↗ |
| 8-K | 2025-10-30 | 2025-10-30 | 0001437749-25-032285 ↗ |
| 10-Q | 2025-10-30 | 2025-09-30 | 0001437749-25-032286 ↗ |