Core Insights - Janus Henderson Group plc (JHG) is a significant entity in the investment management sector, providing various financial services including investment advisory and asset management [1] - Evercore ISI has set a price target of $50 for JHG, indicating a potential upside of approximately 15.29% from its current trading price of $43.37 [2][6] - JHG has demonstrated strong financial performance, with quarterly earnings of $1.09 per share, exceeding the Zacks Consensus Estimate of $1.01, resulting in a +7.92% earnings surprise [3][6] Financial Performance - JHG reported quarterly revenue of $700.4 million for Q3 2025, slightly missing the Zacks Consensus Estimate by 0.6%, but showing improvement from $624.8 million in the same period last year [4] - The company's operating income for Q3 2025 was $172 million, an increase from $163.8 million in the previous quarter, with adjusted operating income reaching $204.5 million [5][6] - JHG has consistently exceeded revenue estimates in three of the last four quarters, indicating a positive trend in financial performance [4]

Evercore ISI maintains a "Positive" grade for NYSE:JHG, with a price target increase from $48 to $50.JHG's stock price saw a 1.05% increase, reaching $43.46, indicating a positive market outlook.The company's market capitalization stands at approximately $6.78 billion, showcasing its significant presence in the asset management industry.Janus Henderson Group plc, listed on the NYSE under the symbol JHG, is a prominent asset management company. It offers a range of financial services, including investment ma ...

Janus Henderson Group (NYSE:JHG) Q3 2025 Earnings Call October 30, 2025 09:00 AM ET Speaker7Good morning. My name is Adam and I will be your conference facilitator today. Thank you for standing by and welcome to the Janus Henderson Group third quarter 2025 results briefing. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer period. In the interest of time, questions will be limited to one initial and one follow up question. In ...

Janus Henderson Group plc (JHG) came out with quarterly earnings of $1.09 per share, beating the Zacks Consensus Estimate of $1.01 per share. This compares to earnings of $0.91 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +7.92%. A quarter ago, it was expected that this company would post earnings of $0.84 per share when it actually produced earnings of $0.9, delivering a surprise of +7.14%.Over the last four quarters, the ...

Q3 2025 RESULTS Thursday, October 30, 2025 Ali Dibadj Chief Executive Officer Roger Thompson Chief Financial Officer Q3 2025 RESULTS 1 Represents percentage of AUM outperforming the relevant benchmark. Full performance disclosures detailed in the appendix on slide 23. 2 Solid long-term investment performance AUM up 6% to $483.8 billion Net inflows of $7.8 billion U.S. GAAP diluted EPS of $0.92 and adjusted diluted EPS of $1.09 Dividend of $0.40 per share declared and 1.5 million shares repurchased 2 Q2 2025 ...

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Revenue and Income - Revenue for Q3 2025 was $700.4 million, an increase of $75.6 million, or 12%, compared to Q3 2024[111] - Net income attributable to JHG for Q3 2025 was $142.1 million, an increase of $114.8 million, or 421%, compared to Q3 2024[112] - Diluted earnings per share for Q3 2025 was $0.92, or $1.09 on an adjusted basis[113] - Adjusted revenue for the three months ended September 30, 2025, was $554.8 million, compared to $488.1 million in 2024, reflecting a growth of 13.6%[168] - Adjusted operating income for the three months ended September 30, 2025, was $204.5 million, up from $170.5 million in 2024, indicating a 20% increase[168] Assets Under Management (AUM) - Assets Under Management (AUM) increased to $483.8 billion, up 6% from June 30, 2025, and 27% from September 30, 2024[113] - AUM increased by $105.1 billion, or 28%, from December 31, 2024, driven by the addition of $46.5 billion of investment-grade public fixed income assets[116] - Total Assets Under Management (AUM) increased from $457.3 billion on June 30, 2025, to $483.8 billion on September 30, 2025, reflecting a growth of 5.5%[118] - AUM growth was driven by the addition of $46.5 billion in investment-grade public fixed income assets and favorable market performance of $40.5 billion[116] - AUM by capability as of September 30, 2025: Equities at $254.2 billion, Fixed Income at $153.1 billion, Multi-Asset at $58.0 billion, and Alternatives at $18.5 billion[118] Inflows and Outflows - The company achieved net inflows of $7.8 billion in Q3 2025, marking six consecutive quarters of positive net inflows[113] - Total net sales across all capabilities for Q3 2025 were $29.9 billion, while total redemptions were $22.1 billion, resulting in a net inflow of $7.8 billion[118] - Net sales for Equities in Q3 2025 were $7.8 billion, while redemptions amounted to $11.1 billion, resulting in a net outflow of $3.3 billion[118] - Fixed Income AUM rose from $142.2 billion to $153.1 billion, with net sales of $17.8 billion and redemptions of $8.1 billion, indicating strong inflows[118] - Alternatives AUM grew from $15.9 billion to $18.5 billion, with net sales of $2.3 billion and redemptions of $0.9 billion, highlighting positive investor sentiment[118] Operating Expenses - Total operating expenses for Q3 2025 were $528.4 million, an increase of $68.3 million, or 15%, compared to Q3 2024[111] - Total operating expenses rose by $68.3 million (15%) for the three months and by $148.9 million (11%) for the nine months ended September 30, 2025, compared to the same periods in 2024[140] - Employee compensation and benefits increased by $28.4 million (16%) for the three months and by $56.8 million (11%) for the nine months ended September 30, 2025, mainly due to higher average headcount following acquisitions[142] - Distribution expenses increased by $11.9 million (9%) for the three months and by $27.9 million (7%) for the nine months ended September 30, 2025, driven by higher average AUM[147] - General, administrative and occupancy expenses increased by $7.2 million (9%) for the three months and by $27.7 million (13%) for the nine months ended September 30, 2025, primarily due to accelerated amortization related to a strategic decision[153] Shareholder Returns - The company returned $128.9 million in capital to shareholders through dividends and share buybacks during Q3 2025[113] - Cumulative shares repurchased under the 2024 Corporate Buyback Program were 3,778,622 for $146.8 million as of April 30, 2025[179] - Cumulative shares repurchased under the 2025 Corporate Buyback Program were 2,874,504 for $116.1 million as of September 30, 2025[180] - Dividends declared during the nine months ended September 30, 2025, included $0.39 per share on January 30, 2025, totaling $61.5 million paid on February 27, 2025[184] Market Performance - The company reported that 74%, 64%, and 65% of AUM outperformed relevant benchmarks on a three-, five-, and ten-year basis, respectively[113] - As of September 30, 2025, 91% of Fixed Income AUM outperformed benchmarks over 1 year, and 94% over 10 years[112] Future Outlook - The company’s future outlook remains positive, with continued focus on expanding its investment capabilities and enhancing client offerings[120] - The company expects adjusted non-compensation expense annual growth in the high-single digits for 2025 compared to 2024, driven by planned investments and inflation[156] - The company anticipates an adjusted compensation to revenue ratio in the range of 43% to 44% for the year ending December 31, 2025[143] Cash and Debt Management - Cash and cash equivalents held by the company as of September 30, 2025, were $982.4 million, down from $1,190.9 million as of December 31, 2024[172] - Long-term debt remained stable at $395.4 million as of September 30, 2025, compared to $395.0 million at the end of 2024[174] - The company believes existing cash and cash from operations should be sufficient to satisfy short-term capital requirements, including operating expenditures and dividend payments[176] - The company expects to fund long-term commitments with existing cash and cash generated from operations or by accessing capital and credit markets as necessary[185]

Financial Performance - Third quarter 2025 operating income was US$172.0 million, up 5.2% from US$163.8 million in the second quarter 2025 and up 4.0% from US$164.7 million in the third quarter 2024[2] - Adjusted operating income for the third quarter 2025 was US$204.5 million, a 22.4% increase from US$167.0 million in the second quarter 2025 and a 20.0% increase from US$170.5 million in the third quarter 2024[2] - Total revenue for Q3 2025 was $700.4 million, a 10.6% increase from $633.2 million in Q2 2025 and a 12.1% increase from $624.8 million in Q3 2024[27] - Management fees increased to $563.1 million in Q3 2025, up 11.1% from $507.0 million in Q2 2025 and 12.0% from $502.8 million in Q3 2024[27] - Net income attributable to JHG was $142.1 million in Q3 2025, compared to $149.9 million in Q2 2025 and $27.3 million in Q3 2024, reflecting a significant year-over-year increase[27] - Diluted earnings per share for Q3 2025 was $0.92, slightly down from $0.95 in Q2 2025 but significantly up from $0.17 in Q3 2024[29] - Adjusted operating income for Q3 2025 was $204.5 million, an increase from $167.0 million in Q2 2025 and $170.5 million in Q3 2024[29] Assets and Management - Assets under management (AUM) reached a record high of US$483.8 billion, reflecting a 6% increase quarter over quarter and a 27% increase year over year[4] - The company reported net inflows of US$7.8 billion in the third quarter 2025, marking the sixth consecutive quarter of positive net flows[8] - AUM performance showed that 74%, 64%, and 65% of AUM outperformed relevant benchmarks on a three-, five-, and ten-year basis, respectively[8] - Total assets as of September 30, 2025, were $7,614.9 million, up from $6,963.1 million as of December 31, 2024[30] Shareholder Returns - The Board declared a quarterly dividend of US$0.40 per share for the quarter ended September 30, 2025[11] - The company returned US$129 million to shareholders through dividends and share buybacks in the third quarter 2025[8] Strategic Initiatives - The strategic vision of "Protect & Grow, Amplify, and Diversify" has led to 21 different strategies achieving net inflows of at least US$100 million, nearly doubling from the previous year[5] - Janus Henderson's partnership with CNO Financial Group is expected to enhance growth in Victory Park Capital and expand investment capabilities[5] - The company is transitioning its investment management platform to Aladdin, which is expected to enhance operational efficiency[32] - The company anticipates continued growth in management fees and overall revenue driven by market expansion and new product offerings[36] Operational Metrics - Cash provided by operating activities in Q3 2025 was $258.8 million, compared to $135.2 million in Q2 2025 and $228.5 million in Q3 2024[31] - The company reported an operating margin of 24.6% for Q3 2025, down from 25.9% in Q2 2025 and 26.4% in Q3 2024[29] Risks and Limitations - The company faces various risks including changes in interest rates, inflation, and trade policies that could materially affect future results[37] - Not all products or services are available in all jurisdictions, indicating potential market limitations[39] - Annualized and projected numbers in the report are for illustrative purposes only and do not reflect actual results[38]

Core Insights - Janus Henderson Group plc reported third quarter 2025 operating income of US$172.0 million, an increase from US$163.8 million in the second quarter of 2025 and US$164.7 million in the third quarter of 2024 [1] - The adjusted operating income for the third quarter 2025, which excludes one-time, acquisition, and transaction-related costs, was US$204.5 million [1]

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