10 May 2019

Weekly Insights From The FNArena News Desk 07/05/19

In early May (last week), the once highly popular ASX-listed funds manager Janus Henderson ((JHG)) released a rather underwhelming March quarter financial performance report.

Among the key performance metrics that stood out was a -21% fall in earnings per share versus a year earlier, a sizable fall in operating margin to 34.4%, net funds outflows of -US$7.4bn, negative growth in performance fees, and an unchanged quarterly dividend of US36c. The latter is disappointing as the board is committed to a progressive dividend policy.

The day after the ASX release, the shares fell from above $35 to near $31, where they have remained since (well below most stockbroking analysts’ price target)……..

Click to read the Full Report

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