Janus Henderson Reports 13% AUM Growth

By Bobby Samwell • Friday, January 31 15:23 • Permanent Link

Janus Henderson Group PLC has reported its fourth quarter and full-year 2024 results, and the numbers paint a picture of solid growth and performance. The company's assets under management (AUM) increased by 13% year over year to US$378.7 billion as of December 31, 2024. This growth was supported by net inflows of US$3.3 billion in the fourth quarter of 2024, resulting in US$2.4 billion of net inflows for the full year, compared to US$(0.7) billion of net outflows in 2023.

The company's fourth quarter 2024 diluted earnings per share (EPS) of US$0.77 includes a US$42.6 million non-cash, non-operating, accounting expense release. Adjusted diluted EPS of US$1.07 represents a 30% increase year over year and an 18% increase quarter over quarter.

Operating income for the fourth quarter of 2024 was US$197.5 million, compared to US$164.7 million in the third quarter of 2024, and US$143.7 million in the fourth quarter of 2023. Adjusted operating income, which accounts for one-time, acquisition, and transaction-related costs, was US$204.7 million in the fourth quarter of 2024, showing a steady increase from US$170.5 million in the third quarter of 2024 and US$156.2 million in the fourth quarter of 2023.

The company's strong balance sheet and cash generation are evident, with approximately US$1.2 billion in cash and cash equivalents and US$695 million of cash provided from operating activities in 2024. Additionally, the board of directors declared a quarterly dividend of US$0.39 per share and returned US$458 million in capital through dividends and share buybacks in 2024.

In terms of AUM and flows, the company saw positive trends with net sales of US$3.3 billion in the fourth quarter of 2024, compared to net redemptions of US$0.7 billion in the same period in 2023. The comparative AUM increased to US$378.7 billion as of December 31, 2024, from US$334.9 billion as of December 31, 2023.

Furthermore, the investment performance metrics are noteworthy, with 65%, 72%, 55%, and 73% of assets under management outperforming relevant benchmarks on a one-, three-, five-, and 10-year basis, respectively, as of December 31, 2024.

Today the company's shares have moved 3.5% to a price of $45.18. For the full picture, make sure to review Janus Henderson's 8-K report.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.