Insider Buying: Jeffrey J. Diermeier Acquires 26,000 Shares of Janus Capital Group Stock (JNS)
Janus Capital Group (NYSE:JNS) Director Jeffrey J. Diermeier purchased 26,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, January 24th. The stock was purchased at an average price of $11.54 per share, for a total transaction of $300,040.00. Following the completion of the transaction, the director now directly owns 62,702 shares of the company’s stock, valued at approximately $723,581. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.
Janus Capital Group (NYSE:JNS) traded up 1.26% on Tuesday, hitting $11.23. The stock had a trading volume of 3,093,583 shares. Janus Capital Group has a 1-year low of $7.86 and a 1-year high of $13.10. The stock has a 50-day moving average of $11.90 and a 200-day moving average of $10.02. The company has a market cap of $2.125 billion and a price-to-earnings ratio of 17.97.
Janus Capital Group (NYSE:JNS) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.19 by $0.02. The company had revenue of $226.20 million for the quarter, compared to the consensus estimate of $225.22 million. During the same quarter last year, the company posted $0.17 earnings per share. Janus Capital Group’s revenue was up 4.4% compared to the same quarter last year. Analysts expect that Janus Capital Group will post $0.75 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of 0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Wednesday, February 5th.
JNS has been the subject of a number of recent research reports. Analysts at Barclays cut their price target on shares of Janus Capital Group from $11.00 to $9.00 in a research note to investors on Tuesday. They now have an “underweight” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Janus Capital Group from $9.50 to $11.00 in a research note to investors on Tuesday, January 14th. They now have an “underweight” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. upgraded shares of Janus Capital Group from a “sell” rating to a “neutral” rating in a research note to investors on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Janus Capital Group has a consensus rating of “Hold” and an average price target of $10.21.
Janus Capital Group Inc, and its subsidiaries (NYSE:JNS) provide investment management, administration, distribution and related services to financial advisors, individuals and institutional clients through mutual funds, other pooled investment vehicles, separate accounts and sub advised relationships (collectively referred to as investment products) in both domestic and international markets.
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