Janus Capital Group Inc. (JNS) Given a $15.00 Price Target at Keefe, Bruyette & Woods
Janus Capital Group Inc. (NYSE:JNS) has been given a $15.00 target price by equities researchers at Keefe, Bruyette & Woods in a research note issued to investors on Friday. The brokerage currently has a a “hold” rating on the stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 5.56% from the company’s previous close.
A number of other brokerages have also weighed in on JNS. Jefferies Group lowered shares of Janus Capital Group from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a research note on Tuesday, October 4th. Wells Fargo & Co. reaffirmed a “market perform” rating on shares of Janus Capital Group in a research note on Wednesday, October 5th. Citigroup Inc. upped their target price on shares of Janus Capital Group from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 5th. Morgan Stanley reaffirmed a “sell” rating and issued a $13.00 target price on shares of Janus Capital Group in a research note on Thursday, July 28th. Finally, Zacks Investment Research lowered shares of Janus Capital Group from a “hold” rating to a “sell” rating in a research note on Friday, July 29th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $15.04.
Shares of Janus Capital Group (NYSE:JNS) traded down 1.13% during midday trading on Friday, hitting $14.05. The stock had a trading volume of 777,550 shares. The firm has a market capitalization of $2.49 billion, a PE ratio of 19.30 and a beta of 1.57. The company’s 50 day moving average price is $14.37 and its 200-day moving average price is $14.57. Janus Capital Group has a 1-year low of $11.07 and a 1-year high of $16.62.
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Janus Capital Group (NYSE:JNS) last announced its earnings results on Tuesday, July 26th. The company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.01. The company 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%. Janus Capital Group’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 earnings per share. Equities analysts predict that Janus Capital Group will post $0.87 earnings per share for the current year.
In other news, major shareholder Ichi Life Insurance Co. L. Dai sold 406,659 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $14.50, for a total value of $5,896,555.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jennifer J. Mcpeek sold 5,000 shares of the company’s stock in a transaction dated Wednesday, September 14th. The shares were 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 directly owns 128,710 shares in the company, valued at $1,808,375.50. The disclosure for this sale can be found here. 2.08% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Group LTD raised its position in shares of 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. raised 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 period. BlackRock Institutional Trust Company N.A. raised 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 period. Smith Asset Management Group LP bought a new position in shares of Janus Capital Group during the second quarter worth approximately $2,117,000. Finally, BlackRock Inc. raised 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 period. Institutional investors and hedge funds own 93.20% of the company’s stock.
About Janus Capital Group
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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