Janus Capital Group Sees Large Increase in Short Interest (JNS)
Shares of Janus Capital Group (NYSE:JNS) saw a large growth in short interest in April. As of April 15th, there was short interest totalling 25,835,168 shares, a growth of 10.0% from the March 31st total of 23,477,984 shares, Analyst Ratings Network.com reports. Based on an average daily trading volume, of 3,386,474 shares, the days-to-cover ratio is presently 7.6 days. Currently, 13.8% of the shares of the company are sold short.
JNS has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “sell” rating on shares of Janus Capital Group in a research note on Wednesday, April 23rd. They now have a $9.00 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Janus Capital Group from $11.25 to $12.75 in a research note on Wednesday, April 23rd. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Janus Capital Group from $9.50 to $10.00 in a research note on Tuesday, April 15th. They now have an “underweight” rating on the stock. Three investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company has an average rating of “Hold” and a consensus price target of $10.31.
Shares of Janus Capital Group (NYSE:JNS) opened at 11.90 on Thursday. Janus Capital Group has a 52-week low of $7.86 and a 52-week high of $13.10. The stock’s 50-day moving average is $11.29 and its 200-day moving average is $11.10. The company has a market cap of $2.193 billion and a P/E ratio of 18.84.
Janus Capital Group (NYSE:JNS) last released its earnings data on Tuesday, April 22nd. The company reported $0.16 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.16. The company had revenue of $230.20 million for the quarter, compared to the consensus estimate of $226.70 million. During the same quarter last year, the company posted $0.15 earnings per share. Janus Capital Group’s revenue was up 7.5% compared to the same quarter last year. On average, analysts predict that Janus Capital Group will post $0.77 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, May 23rd. Investors of record on Friday, May 9th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Wednesday, May 7th. This is an increase from Janus Capital Group’s previous quarterly dividend of $0.07.
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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