1. Janus Henderson Group plc (NYSE:JHG)
Number of Hedge Fund Holders: 29
Market Cap as of December 7: $7.05 billion
Enterprise Value as of December 7: $5.23 billion
Janus Henderson Group plc (NYSE:JHG) is a UK-based asset management company that offers a wide range of financial products and services to its consumers. With a legacy spanning 90 years, the company has supported more than 60 million individuals in building a secure financial future. Its extensive history has fostered a robust research-driven culture and a client-centered philosophy, empowering people to achieve outstanding financial goals. Between 2015 and the second quarter of 2024, the company expanded its assets under management (AUM) from $190 billion to $383 billion. The stock is outperforming the market this year, surging by over 48% since the start of 2024.
In the third quarter of 2024, Janus Henderson Group plc (NYSE:JHG) reported revenue of $624.8 million, which showed a nearly 20% growth from the same period last year. The company reported consistent net inflows, with $0.4 billion added during the third quarter of 2024. Assets under management (AUM) rose by 6% compared to the previous quarter and 24% year-over-year, reaching $382.3 billion as of September 30, 2024. Improved net flows, a steady net management fee rate, and operating leverage contributed to a 42% year-over-year growth in adjusted diluted earnings per share (EPS), which stood at $0.91.
Janus Henderson Group plc (NYSE:JHG) is a strong dividend payer, offering regular payouts to shareholders since 2017. The company remained committed to its shareholder obligation, returning $102 million to investors through dividends and share repurchases in the most recent quarter. It currently pays a quarterly dividend of $0.39 per share and has a dividend yield of 3.52%, as of December 7.
Janus Henderson Group plc (NYSE:JHG) remained popular among elite funds at the end of Q3 2024, with hedge fund positions growing to 29, from 23 in the preceding quarter. The stakes owned by these funds have a total value of more than $1.8 billion.
Overall, Janus Henderson Group plc (NYSE:JHG) ranks first on our list of the best debt free stocks that pay dividends. While we acknowledge the potential for JHG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than JHG but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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