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Janus Henderson records revenue lift with market bounce

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Janus Henderson Group recorded an 8 per cent rise in revenue year-on-year for the September quarter, as positive market movements boosted its assets under management.

The company released its third-quarter update for the 2019 year on Friday, showing a rise in adjusted revenue to US$449.7 million.

Janus Henderson generated US$156.5 million in operating income for the three months to September, an 8 per cent rise on the prior corresponding period – despite lower performance fees during the quarter.

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Assets under management had increased by 6 per cent quarter-on-quarter to US$358.3 billion, boosted by positive markets, partly offset by net outflows of US$2.9 billion. 

However higher operating expenses and lower net investment gains partly offset the group’s growth in revenue, resulting in a 2 per cent climb in net income from the prior quarter. 

Diluted earnings per share were US$0.65 for the quarter, a 12 per cent increase from when they were US$0.58 in the third quarter of 2019.

The board declared a quarterly third-quarter dividend of US$0.36 per share.

Dick Weil, chief executive of Janus Henderson said the group had made progress towards building a foundation for growth. 

“We are encouraged by the flow momentum we are seeing in several areas of the business, the unified culture of the firm, the ongoing efforts to simplify the way we operate our business and the support of new growth initiatives,” Mr Weil said.

Janus Henderson is due to publish its full-year results on 4 February.

 

Janus Henderson records revenue lift with market bounce
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Sarah Simpkins

Sarah Simpkins

Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth. 

Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio. 

You can contact her on [email protected].

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