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Sep 30, 2023
Janus Henderson Q3 2023 Earnings Report
Janus Henderson Group's Q3 2023 results were published, demonstrating solid investment performance amidst geopolitical conflicts and economic uncertainties.
Key Takeaways
Janus Henderson Group reported solid Q3 2023 results with strong investment performance. The company surpassed its original 'Fuel for Growth' savings target and delivered US$50 million in efficiencies ahead of schedule. A new share repurchase authorization of up to US$150 million was approved, reflecting strong cash flow generation and commitment to returning capital to shareholders. AUM decreased 4% compared to the second quarter 2023 to US$308.3 billion.
65%, 58%, 67%, and 72% of AUM outperformed relevant benchmarks on a one-, three-, five-, and 10-year basis, respectively, as of September 30, 2023.
AUM decreased 4% compared to the second quarter 2023 to US$308.3 billion.
Net outflows were US$(2.6) billion in Q3 2023, compared to US$(5.8) billion in Q3 2022.
The board declared a quarterly dividend of US$0.39 per share and approved a new share repurchase authorization of up to US$150 million.
Janus Henderson
Janus Henderson
Forward Guidance
Janus Henderson did not provide forward guidance in the Q3 2023 earnings report.