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JHG - Janus Henderson's 6% Yield And 7.3% Buyback Yield Give It A 13.3% Total Yield
Janus Henderson Group plc
It's All About the Free Cash Flow
Janus Henderson Group (JHG) reported so-so results, let's be honest. Yes, assets under management ((AUM)) were flat at $356 billion, down from $359 billion in Q2. Net sales of funds were still negative, but much less so than in Q2. But the real story is that the company is still extremely profitable and actually produced much higher free cash flow ((FCF)).
FCF rose from $110.4 million in Q2 and negative in Q1 to $164.9 million in Q3. That is mainly due to cost-cutting and bodes extremely