Janus Capital Group Inc. (JNS) Downgraded to “Hold” at Jefferies Group
Janus Capital Group Inc. (NYSE:JNS) was downgraded by analysts at Jefferies Group from a “buy” rating to a “hold” rating in a report issued on Tuesday. They currently have a $16.00 target price on the stock. Jefferies Group’s price target points to a potential upside of 11.19% from the stock’s previous close.
Other equities research analysts have also issued research reports about the company. Zacks Investment Research lowered Janus Capital Group from a “hold” rating to a “sell” rating in a research note on Tuesday, September 27th. Morgan Stanley restated a “sell” rating and set a $13.00 price target on shares of Janus Capital Group in a research note on Thursday, July 28th. Keefe, Bruyette & Woods boosted their price target on Janus Capital Group from $15.00 to $15.50 and gave the stock a “market perform” rating in a research note on Wednesday, July 27th. Finally, Citigroup Inc. boosted their price target on Janus Capital Group from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 27th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $14.93.
Shares of Janus Capital Group (NYSE:JNS) traded down 0.62% during trading on Tuesday, hitting $14.39. 3,348,512 shares of the stock traded hands. The stock has a 50 day moving average of $14.40 and a 200 day moving average of $14.56. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 19.77 and a beta of 1.57. Janus Capital Group has a 52-week low of $11.07 and a 52-week 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 (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.01. Janus Capital Group had a net margin of 13.30% and a return on equity of 9.59%. The company earned $251.90 million during the quarter, compared to analysts’ expectations of $258.50 million. During the same quarter last year, the firm earned $0.24 EPS. Janus Capital Group’s revenue for the quarter was down 7.4% on a year-over-year basis. Analysts expect that Janus Capital Group will post $0.87 EPS for the current year.
In related news, CFO Jennifer J. Mcpeek sold 5,000 shares of Janus Capital Group stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $14.05, for a total transaction of $70,250.00. Following the completion of the sale, the chief financial officer now owns 128,710 shares of the company’s stock, valued at $1,808,375.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Ichi Life Insurance Co. L. Dai sold 406,659 shares of Janus Capital Group stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $14.50, for a total value of $5,896,555.50. The disclosure for this sale can be found here. Corporate insiders own 2.08% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. BlackRock Group LTD increased its stake in Janus Capital Group by 16.1% in the first quarter. BlackRock Group LTD now owns 138,727 shares of the company’s stock worth $2,030,000 after buying an additional 19,188 shares during the period. Prudential Financial Inc. increased its position 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 worth $1,847,000 after buying an additional 29,747 shares during the last quarter. Smith Asset Management Group LP bought a new position in shares of Janus Capital Group during the second quarter worth about $2,117,000. BlackRock Institutional Trust Company N.A. increased its position in shares of Janus Capital Group by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,300,505 shares of the company’s stock worth $62,916,000 after buying an additional 30,249 shares during the last quarter. Finally, BlackRock Inc. increased its position 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 worth $862,000 after buying an additional 5,532 shares during the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.
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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