Janus Capital Group Inc. (JNS) Given Average Rating of “Hold” by Brokerages
Shares of Janus Capital Group Inc. (NYSE:JNS) have received an average rating of “Hold” from the nine research firms that are currently covering the stock. One equities research analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $15.00.
JNS has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Janus Capital Group from a “hold” rating to a “sell” rating in a research note on Tuesday, September 27th. Citigroup Inc. raised their price objective on shares of Janus Capital Group from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, October 5th. Keefe, Bruyette & Woods set a $15.00 price objective on shares of Janus Capital Group and gave the company a “hold” rating in a research note on Friday, October 14th. Wells Fargo & Co. reaffirmed a “market perform” rating on shares of Janus Capital Group in a research note on Wednesday, October 5th. Finally, Jefferies Group cut shares of Janus Capital Group from a “buy” rating to a “hold” rating and set a $16.00 price objective on the stock. in a research note on Tuesday, October 4th.
In related news, CFO Jennifer J. Mcpeek sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $14.60, for a total transaction of $73,000.00. Following the sale, the chief financial officer now directly owns 133,710 shares in the company, valued at $1,952,166. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Ichi Life Insurance Co. L. Dai sold 406,659 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $14.50, for a total transaction of $5,896,555.50. The disclosure for this sale can be found here. Corporate insiders own 2.08% of the company’s stock.
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Several large investors have recently modified their holdings of the company. BlackRock Group LTD raised its stake 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 last quarter. Prudential Financial Inc. raised 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 worth $1,847,000 after buying an additional 29,747 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake 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. Smith Asset Management Group LP bought a new stake in shares of Janus Capital Group during the second quarter worth approximately $2,117,000. Finally, BlackRock Inc. raised 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 worth $862,000 after buying an additional 5,532 shares during the last quarter. Institutional investors and hedge funds own 93.20% of the company’s stock.
Shares of Janus Capital Group (NYSE:JNS) traded up 0.740% during midday trading on Wednesday, reaching $14.285. 491,194 shares of the company were exchanged. Janus Capital Group has a 52-week low of $11.07 and a 52-week high of $16.62. The stock has a 50-day moving average price of $14.33 and a 200 day moving average price of $14.56. The company has a market capitalization of $2.54 billion, a P/E ratio of 19.622 and a beta of 1.57.
Janus Capital Group (NYSE:JNS) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business earned $251.90 million during the quarter, compared to the consensus estimate of $258.50 million. During the same period in the previous year, the business posted $0.24 earnings per share. Janus Capital Group’s revenue was down 7.4% compared to the same quarter last year. Equities research analysts expect that Janus Capital Group will post $0.87 EPS for the current fiscal year.
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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