JHG - Here's Why Janus Henderson Group Shot 11% Higher on Thursday
On Thursday, Janus Henderson Group (NYSE: JHG) not only unveiled first quarter of fiscal 2020 results that topped expectations, it also announced fee reductions in its exchange-traded funds (ETFs). Investors subsequently bid the asset management company's shares up by more than 11% on the day.
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Janus Henderson beat on both the top and bottom lines for the quarter. Revenue rose by almost 7% year over year to just under $555 million. Non-GAAP (adjusted) net profit inched 2.5% higher to $112.7 million, or $0.60 per share. The company also maintained its $0.36 per share quarterly dividend; that payout yields slightly more than 8%.