Insider Buying: Richard M. Weil Buys 25,000 Shares of Janus Capital Group Stock (JNS)
Janus Capital Group (NYSE:JNS) CEO Richard M. Weil acquired 25,000 shares of the company’s stock on the open market in a transaction dated Wednesday, February 5th. The shares were purchased at an average price of $10.36 per share, with a total value of $259,000.00. Following the purchase, the chief executive officer now directly owns 1,748,715 shares in the company, valued at approximately $18,116,687. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. 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, January 28th. 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 research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Janus Capital Group has an average rating of “Hold” and an average price target of $10.21.
Janus Capital Group (NYSE:JNS) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis.
The company also recently declared a quarterly dividend, which is scheduled for Friday, February 21st. Stockholders 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 2.71%. The ex-dividend date of this dividend is Wednesday, February 5th.
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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