For the quarter ended December 2025, Janus Henderson Group plc (JHG) reported revenue of $1.14 billion, up 61.3% over the same period last year. EPS came in at $2.01, compared to $1.07 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $779.26 million, representing a surprise of +46.59%. The company delivered an EPS surprise of +68.91%, with the consensus EPS estimate being $1.19.While investors closely watch year-over-year changes in headline numbers -- revenue and ear ...

Financial Performance - Fourth quarter 2025 operating income was US$487.4 million, a significant increase from US$172.0 million in Q3 2025 and US$197.5 million in Q4 2024[2] - Adjusted diluted earnings per share for Q4 2025 was US$2.01, compared to US$1.09 in Q3 2025 and US$1.07 in Q4 2024[3] - Total revenue for Q4 2025 reached $1,142.3 million, a 61.5% increase from $708.3 million in Q4 2024[25] - Management fees increased to $585.2 million in Q4 2025, up 11.5% from $522.7 million in Q4 2024[25] - Performance fees surged to $433.0 million in Q4 2025, compared to $67.5 million in Q4 2024, reflecting a significant increase of 541.5%[25] - Operating income for the year ended December 31, 2025, was $976.8 million, a 51.2% increase from $645.7 million in 2024[25] - Net income attributable to Janus Henderson Group (JHG) for Q4 2025 was $403.2 million, up from $121.8 million in Q4 2024, representing a 231.4% increase[25] - Diluted earnings per share for Q4 2025 were $2.62, compared to $0.77 in Q4 2024, marking a 240.3% increase[25] - Adjusted revenue for Q4 2025 was $996.6 million, reflecting a 75.6% increase from $567.6 million in Q4 2024[27] - Adjusted operating income for the year ended December 31, 2025, was $911.8 million, a 36.3% increase from $668.1 million in 2024[27] - Adjusted diluted earnings per share for the year ended December 31, 2025, were $4.78, up from $3.53 in 2024, reflecting a 35.4% increase[27] Assets and Management - Assets under management (AUM) reached US$493 billion as of December 31, 2025, representing a 30% year-over-year increase[6] - AUM performance showed that 65% of assets outperformed relevant benchmarks over one, three, five, and ten-year periods as of December 31, 2025[6] - Total assets increased to $8,287.0 million as of December 31, 2025, up from $6,963.1 million in 2024, representing a growth of approximately 19%[37] - Cash and cash equivalents rose to $1,253.9 million in 2025, compared to $1,217.2 million in 2024, indicating an increase of about 3%[37] - Total equity reached $5,275.5 million as of December 31, 2025, up from $4,718.1 million in 2024, marking an increase of about 12%[37] - Long-term debt remained relatively stable at $395.5 million in 2025, slightly up from $395.0 million in 2024[37] Cash Flow and Operations - Operating activities generated cash of $322.7 million for the three months ended December 31, 2025, compared to $247.3 million for the same period in 2024, reflecting a growth of approximately 30%[38] - The company reported a net change in cash of $252.6 million for the three months ended December 31, 2025, compared to a decrease of $270.0 million in the same period of 2024[38] Corporate Actions and Strategy - The company has entered into a definitive merger agreement to be acquired by an investor group led by Trian Fund Management and General Catalyst[9] - Janus Henderson plans to enhance its distribution capabilities through the acquisition of Richard Bernstein Advisors, positioning itself among the top 10 model portfolio providers in North America[4] - The company executed a US$200 million share repurchase program, purchasing approximately 0.6 million shares for about US$27 million in Q4 2025[10] - The company suspended its regular quarterly dividend due to the proposed merger transaction[10] Operational Efficiency - The operating margin for Q4 2025 was 42.7%, up from 24.6% in Q3 2025 and 27.9% in Q4 2024[8] - The operating margin for Q4 2025 was 42.7%, compared to 27.9% in Q4 2024, indicating improved operational efficiency[27] Risks and Future Outlook - Management emphasizes that past performance is not indicative of future results, highlighting the inherent risks and uncertainties in investment[40] - The reconciliation for the year ended December 31, 2025, includes adjustments for non-cash and acquisition-related costs, which management believes do not represent ongoing operations[36] - The company is transitioning its investment management platform to Aladdin, which involves impairment expenses related to certain capitalized costs[36] - The total liabilities of consolidated variable interest entities increased to $23.3 million in 2025 from $4.7 million in 2024[37]

Q4 AND FULL-YEAR 2025 RESULTS Friday, January 30, 2026 Q4 AND FULL-YEAR 2025 RESULTS Key metrics – Q4 2025 vs Q3 2025 and FY 2025 vs FY 2024 | | Q4 2025 | Q3 2025 | FY 2025 | FY 2024 | | --- | --- | --- | --- | --- | | Investment outperformance1 3-/5-/10-year | 65/65/67% | 74/64/65% | 65/65/67% | 72/55/73% | | Total AUM | $493.2bn | $483.8bn | $493.2bn | $378.7bn | | Net flows | $0.0bn | $7.8bn | $56.5bn | $2.4bn | | U.S. GAAP diluted EPS | $2.62 | $0.92 | $5.23 | $2.56 | | Adjusted diluted EPS2 | $2.01 | $ ...

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Janus Henderson said Friday that it had agreed to acquire Richard Bernstein Advisors, a multi-asset investment manager that oversees approximately $20 billion in client assets. ...

Core Viewpoint - Janus Henderson Forty T (JACTX) is a promising option for investors seeking a Large Cap Growth fund, holding a Zacks Mutual Fund Rank of 2 (Buy) based on various forecasting factors [1] Fund Objective - JACTX is classified in the Large Cap Growth segment, targeting large-cap companies with market valuations exceeding $10 billion, which are expected to grow faster than their peers [2] Fund History and Management - The fund, managed by Janus Fund based in Boston, MA, was launched in July 2009 and has accumulated approximately $5.01 billion in assets. Nick Schommer has been managing the fund since January 2016 [3] Performance Metrics - The fund has a 5-year annualized total return of 12.48%, ranking in the middle third among its category peers. Its 3-year annualized total return is 25.9%, also placing it in the middle third during that timeframe [4] - The standard deviation of JACTX's returns over the past three years is 15.52%, higher than the category average of 12.23%. Over the past five years, the standard deviation is 18.62%, compared to the category average of 13.99%, indicating higher volatility than its peers [6] Risk Factors - JACTX has a 5-year beta of 1.15, suggesting it is more volatile than the overall market. The fund has produced a negative alpha of -3.6 over five years, indicating challenges in outperforming the benchmark S&P 500 [7] Expense Structure - JACTX is a no-load fund with an expense ratio of 0.76%, which is lower than the category average of 0.95%, making it a cost-effective option for investors [8] - The minimum initial investment for JACTX is $2,500, with no minimum for subsequent investments [9] Conclusion - Overall, Janus Henderson Forty T (JACTX) is characterized by a high Zacks Mutual Fund rank, average downside risk, and lower fees, positioning it as a strong potential choice for investors [11]

Core Viewpoint - Janus Henderson Group plc is set to be acquired by Trian Fund Management and General Catalyst for $7.4 billion, indicating a significant shift in the asset management landscape [2]. Group 1: Acquisition Details - The acquisition price is set at $46 per share, which reflects a premium compared to previous valuations [2]. - Following the announcement, Janus Henderson's shares increased by 3.1% [2]. - Evercore ISI has adjusted its price target for Janus Henderson from $50 to $49, maintaining an In Line rating due to skepticism about the acquisition multiple [2]. Group 2: Industry Insights - Jim Cramer views the acquisition as a significant move, suggesting it reflects a broader trend where companies prefer private ownership to facilitate necessary changes [3]. - Cramer emphasizes that the current public market environment may hinder companies from achieving their growth objectives, indicating a potential shift in how asset managers operate [3]. - The deal is seen as part of a trend towards "democratization" in investment opportunities, suggesting a desire for more accessible investment options for individuals [3].

Group 1 - Janus Henderson Group plc is being taken private by Trian Fund and General Catalyst Group for $7.4 billion, which is 18% above its trading price in October when the first offer was made [1] - The company aims to leverage AI aggressively to enhance its investment offerings, but believes it cannot do so effectively as a public entity [1] - The performance of Janus Henderson's funds has been strong, indicating that existing investors may not notice the strategic changes being implemented [1] Group 2 - Janus Henderson manages investments for various clients, including institutions, retail clients, and high-net-worth individuals, and also invests in real estate and private companies [2]

Market Overview - The S&P 500 index closed 1.1% lower on December 17th, while the NASDAQ 100 and NASDAQ Composite closed 1.9% and 1.8% lower respectively, indicating a downward trend in the market [1] - Factors contributing to market struggles include a rise in unemployment and concerns over an AI bubble [1] Jim Cramer's Insights - Jim Cramer criticized sellers in the market, noting that they have taken a break after driving down prices, allowing for a potential market rebound [1] - Cramer highlighted that many sellers have difficulty beating benchmark indexes due to the dominance of the "Magnificent 7" stocks [1] Janus Henderson Group plc (NYSE:JHG) - Janus Henderson Group plc was acquired for $7.4 billion by Trian Fund Management and General Catalyst, with shares closing 3.1% higher post-announcement [6] - Evercore ISI lowered its price target for Janus Henderson from $50 to $49, maintaining an In Line rating, citing skepticism about the premium offered despite the firm's consistent growth [6] - Cramer emphasized the significance of this acquisition as part of a trend where companies prefer private ownership to facilitate necessary changes without public scrutiny [6][7] Cintas Corporation (NASDAQ:CTAS) - Cintas Corporation announced its intent to acquire UniFirst for $5.2 billion, marking its third attempt at this acquisition [8] - Previous offers included a $5.3 billion hostile takeover attempt in January, with Cintas having first approached UniFirst in 2022 [8] - RBC Capital maintained a $206 price target for Cintas, noting the potential for double-digit earnings growth margins for UniFirst [8] - Cramer remarked that this acquisition reflects a growing trend in dealmaking, particularly under the Trump Administration [8]

Core Viewpoint - Janus Henderson Group plc (NYSE:JHG) is set to be taken private by Trian Fund Management and General Catalyst for an equity value of $7.4 billion, or $49 per share, reflecting a premium over recent stock prices [2][4]. Group 1: Acquisition Details - The acquisition price of $49 per share represents a 6.5% premium to the stock's closing price on December 19 and an approximately 18% premium to the closing price on October 24 [4]. - The deal is expected to close in mid-2026, with Trian having been an investor in Janus since late 2020, during which time the stock has roughly doubled [4]. Group 2: Market Analysis - Evercore ISI lowered its price target for Janus Henderson to $49 from $50, maintaining an In Line rating, indicating that the acquisition price may not reflect the highest possible multiple for the company [2][3]. - The firm noted that while Janus has experienced six consecutive quarters of organic growth, there is no guarantee this trend will continue, making the transition to a private company appealing for its potential operational flexibility [3]. Group 3: Company Overview - Janus Henderson Group is a British-American global asset management firm headquartered in London, providing investment products to individual investors, financial advisors, and institutions worldwide under the Janus Henderson Investors brand [5].