Changes are happening - please bear with us while we update our site.

Changes are happening - please bear with us while we update our site. Click here to give us your advice and feedback.

Where’s why the Janus (JHG) share price is rocketing

The Janus (ASX:JHG) share price has rocketed over 10% today after releasing an announcement. 

The Janus (ASX: JHG) share price has rocketed over 10% today after releasing an announcement.

What is Janus?

Janus is a global asset management business headquartered in London, UK. It offers a wide range of financial products to individuals, advisors and institutional investors around the world including in the US, UK and Australia. It currently manages more than US$325 billion of assets, it has more than 2,000 employees worldwide and has 28 offices across the globe.

What Janus announced

The global fund manager released its first quarter results yesterday after the market had closed.

The first quarter of 2020 saw an operating income loss of US$332.4 million which includes goodwill and intangible asset impairment charges of US$487.3 million. ‘Adjusted’ operating income, which excludes those impairments, grew 15% to US$164.5 million.

Janus Henderson saw assets under management (AUM) drop 21% compared to the prior quarter, reflecting the impact of COVID-19 and net outflows. However, average AUM of $352.7 million was only down by 3% compared to the last quarter.

The Janus Henderson Board has declared a quarterly dividend of US$0.36 per share and it completed US$31 million of share buybacks during the first quarter.

Discussing the good stability of the company during the current crisis, CEO Dick Well said:

This is supported by our financial foundation which remains very strong with solid first quarter financial results, US$800 million of cash on the balance sheet and little debt. As you would expect, we are managing our expenses carefully and the focus we have had on cost discipline will also support our positioning through this period. We continue to be a highly cash generative business, which supports the ongoing needs of the business whilst returning cash to shareholders.”

A solid performance by Janus Henderson. But there could be a lot more volatility to come, so I’d want to hold off for now for a lower price.

These leading ASX technology shares could be better buys:

[ls_content_block id=”18457″ para=”paragraphs”]

Disclosure: at the time of publishing, Jaz does not have a financial interest in any of the companies mentioned.

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Skip to content