Janus Henderson released its third-quarter update on Friday, revealing a growth in revenue to US$687.4 million, from US$568.5 million in the same period last year. Revenue did, however, slump quarter on quarter compared to US$738.4 million clocked at 30 June 2021.
Janus Henderson generated US$248.3 million in operating income, compared to US$225.0 million in the second quarter 2021 and US$156.5 million in the third quarter 2020.
Assets under management decreased by 2 per cent compared to the prior quarter to US$419.3 billion, primarily due to net outflows of US$5.2 billion, which were concentrated in quantitative equities.
Third quarter 2021 diluted earnings per share of US$1.14, increased 44 per cent compared to US$0.79 in the second quarter 2021 and surged 75 per cent compared to US$0.65 in the third quarter 2020.
The board declared a quarterly third-quarter dividend of US$0.38 per share.
Dick Weil, chief executive of Janus Henderson said the group had made progress towards delivering its strategy of “simple excellence”.
“We have a strong foundation, and the progress we have made allows us to take advantage of trends that our clients are asking us to support them on,” Mr Weil said.
“We expect this to result in the delivery of growth through organic and inorganic opportunities that accentuate our distribution excellence, our investment expertise and our differentiated operating platform.”
