Yahoo Finance

• Assets Under Management (AUM): Decreased 1% to $373.2 billion.

• Net Inflows: $2 billion, marking the fourth consecutive quarter of positive net flows.

• Adjusted Diluted EPS: $0.79, an 11% increase compared to Q1 2024.

• Quarterly Dividend: Increased by 3% to $0.40 per share.

• Share Buyback Authorization: Up to $200 million through April 2026.

• Net Management Fee Margin: Stable at 48.5 basis points.

• Adjusted Operating Margin: 32%, an increase of 220 basis points from a year ago.

• Cash and Cash Equivalents: $1.1 billion as of March 31, 2025.

• Net Inflows by Channel: Intermediary channel $1.5 billion; Institutional net inflows $800 million.

• Equity Flows: Negative $4.2 billion.

• Fixed Income Flows: Positive $5.6 billion.

• Alternatives Capability Net Inflows: $1.2 billion.

• Adjusted Operating Expenses: Decreased 9% to $330 million compared to the prior quarter.

• Adjusted Comp to Revenue Ratio: 45.8%, down from 48.2% in Q1 2024.

• Warning! GuruFocus has detected 4 Warning Signs with JHG.

Release Date: May 01, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• Janus Henderson Group PLC (NYSE:JHG) reported its fourth consecutive quarter of positive net flows, with $2 billion in net inflows, reflecting a 44% increase in year-over-year gross sales.

• The company announced a strategic partnership with Guardian Life Insurance Company, which includes managing a $45 billion investment-grade public fixed income portfolio, expanding JHG's fixed income AUM significantly.

• Long-term investment performance remains strong, with at least 65% of assets beating respective benchmarks over 3-, 5-, and 10-year periods, and over 70% of AUM in the top two Morningstar quartiles.

• JHG's adjusted diluted EPS increased by 11% compared to the first quarter of 2024, demonstrating solid financial performance.

• The company announced a 3% increase in its quarterly dividend and a new share buyback authorization of up to $200 million, reflecting confidence in its financial stability and commitment to returning value to shareholders.

Negative Points

• Assets under management decreased by 1% to $373.2 billion due to market declines, despite positive net flows and favorable currency adjustments.

• Equity flows were negative $4.2 billion, impacted by a challenging environment for active equities and market dislocation.

• The net management fee margin is expected to decrease by approximately 5 to 6 basis points once the Guardian assets are fully onboarded, potentially impacting revenue.

• Adjusted operating results were lower compared to the prior quarter due to significant annual performance fees realized in the fourth quarter of 2024.

• The company faces ongoing market challenges, including US recession fears and global trade uncertainty, which could impact future performance and investor sentiment.