Janus Capital Group Inc. (JNS) Rating Reiterated by Wells Fargo & Co.
Janus Capital Group Inc. (NYSE:JNS)‘s stock had its “market perform” rating reiterated by equities researchers at Wells Fargo & Co. in a report released on Wednesday.
Several other equities research analysts also recently issued reports on JNS. Zacks Investment Research raised shares of Janus Capital Group from a “sell” rating to a “hold” rating in a research report on Friday, July 15th. Keefe, Bruyette & Woods increased their price objective on shares of Janus Capital Group from $15.00 to $15.50 and gave the stock a “market perform” rating in a research report on Wednesday, July 27th. Jefferies Group reissued a “buy” rating on shares of Janus Capital Group in a research report on Thursday, August 11th. Morgan Stanley reissued a “sell” rating and set a $13.00 price objective on shares of Janus Capital Group in a research report on Thursday, July 28th. Finally, Citigroup Inc. increased their price objective on shares of Janus Capital Group from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. Janus Capital Group currently has an average rating of “Hold” and an average price target of $14.94.
Janus Capital Group (NYSE:JNS) traded down 0.62% during midday trading on Wednesday, hitting $14.39. 3,348,512 shares of the company traded hands. The firm has a market capitalization of $2.55 billion, a PE ratio of 19.77 and a beta of 1.57. The stock’s 50-day moving average is $14.40 and its 200-day moving average is $14.56. Janus Capital Group has a 12-month low of $11.07 and a 12-month high of $16.62.
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Janus Capital Group (NYSE:JNS) last posted its earnings results on Tuesday, July 26th. The company reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The firm earned $251.90 million during the quarter, compared to analyst estimates of $258.50 million. Janus Capital Group had a return on equity of 9.59% and a net margin of 13.30%. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter last year, the business posted $0.24 earnings per share. Analysts anticipate that Janus Capital Group will post $0.87 EPS for the current fiscal year.
In other news, major shareholder Ichi Life Insurance Co. L. Dai sold 406,659 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $14.50, for a total transaction of $5,896,555.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jennifer J. Mcpeek sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $14.60, for a total transaction of $73,000.00. Following the sale, the chief financial officer now owns 133,710 shares of the company’s stock, valued at approximately $1,952,166. The disclosure for this sale can be found here. 2.08% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of JNS. Aperio Group LLC boosted its stake in Janus Capital Group by 20.2% in the first quarter. Aperio Group LLC now owns 73,248 shares of the company’s stock worth $1,072,000 after buying an additional 12,319 shares in the last quarter. Pacad Investment Ltd. boosted its stake in shares of Janus Capital Group by 20.3% in the first quarter. Pacad Investment Ltd. now owns 40,350 shares of the company’s stock valued at $590,000 after buying an additional 6,812 shares during the period. Ngam Advisors L.P. boosted its stake in shares of Janus Capital Group by 51.3% in the first quarter. Ngam Advisors L.P. now owns 33,191 shares of the company’s stock valued at $486,000 after buying an additional 11,252 shares during the period. Prudential Financial Inc. boosted its stake in shares of Janus Capital Group by 30.8% in the first quarter. Prudential Financial Inc. now owns 126,209 shares of the company’s stock valued at $1,847,000 after buying an additional 29,747 shares during the period. Finally, BlackRock Inc. boosted its stake in shares of Janus Capital Group by 10.4% in the first quarter. BlackRock Inc. now owns 58,925 shares of the company’s stock valued at $862,000 after buying an additional 5,532 shares during the period. Institutional investors own 93.11% of the company’s stock.
Janus Capital Group Company Profile
Janus Capital Group Inc provides investment management, administration, distribution and related services to financial advisors, individuals and institutional clients through mutual funds, separate accounts, other pooled investment vehicles and subadvised relationships (collectively referred to as investment products) in both domestic and international markets.
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