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Investing.com -- Janus Henderson Group plc (NYSE:JHG) reported better-than-expected first quarter earnings on Thursday, sending its shares up 4.6% in early trading.
The asset manager posted adjusted earnings per share of $0.79 for Q1 2025, beating analyst estimates of $0.77. Revenue came in at $621.4 million, slightly below the consensus forecast of $623.56 million but up 12.6% YoY from $551.7 million in Q1 2024.
Janus Henderson saw net inflows of $2.0 billion in the quarter, compared to net outflows of $3.0 billion in the same period last year. Assets under management stood at $373.2 billion as of March 31, 2025, up 5.8% YoY.
"Our first quarter results are solid, with year-over-year improvements in net flows, operating revenues, operating income, and EPS," said CEO Ali Dibadj in a statement.
The company announced a 3% increase in its quarterly dividend to $0.40 per share and authorized a new $200 million share repurchase program through April 2026.
Janus Henderson also highlighted its recently announced strategic partnership with Guardian Life Insurance (NSE:LIFI), which includes managing $45 billion in assets for Guardian’s general account.
Investment performance remained strong, with 77%, 65%, and 73% of assets under management outperforming relevant benchmarks on a 3-, 5-, and 10-year basis respectively as of March 31, 2025.
The company’s adjusted operating margin expanded to 32.2% from 30.0% a year ago.
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