Janus Capital Group Inc (JNS) SVP Sells $30,114.00 in Stock
Janus Capital Group Inc (NYSE:JNS) SVP Brennan A. Hughes sold 2,100 shares of Janus Capital Group stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $14.34, for a total value of $30,114.00. Following the transaction, the senior vice president now owns 34,748 shares of the company’s stock, valued at $498,286.32. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Janus Capital Group Inc (NYSE:JNS) traded up 0.97% during mid-day trading on Monday, reaching $14.52. The company had a trading volume of 2,007,363 shares. The stock has a 50-day moving average of $13.62 and a 200 day moving average of $13.25. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 19.11 and a beta of 1.60. Janus Capital Group Inc has a 12-month low of $11.95 and a 12-month high of $16.62.
Janus Capital Group (NYSE:JNS) last announced its quarterly earnings data on Thursday, April 20th. The asset manager reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. Janus Capital Group had a return on equity of 8.98% and a net margin of 14.17%. The business had revenue of $257.60 million during the quarter, compared to analyst estimates of $258.10 million. During the same period in the prior year, the company earned $0.19 earnings per share. Janus Capital Group’s revenue was up 3.7% compared to the same quarter last year. On average, analysts expect that Janus Capital Group Inc will post $0.97 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 19th. Shareholders of record on Friday, May 5th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend was Wednesday, May 3rd. Janus Capital Group’s dividend payout ratio (DPR) is 55.70%.
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Institutional investors have recently made changes to their positions in the stock. FNY Partners Fund LP purchased a new position in shares of Janus Capital Group during the first quarter valued at $330,000. Credit Suisse AG raised its position in shares of Janus Capital Group by 94.4% in the first quarter. Credit Suisse AG now owns 1,697,728 shares of the asset manager’s stock valued at $22,410,000 after buying an additional 824,207 shares during the period. Metropolitan Life Insurance Co. NY raised its position in shares of Janus Capital Group by 0.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 227,233 shares of the asset manager’s stock valued at $2,999,000 after buying an additional 846 shares during the period. Paloma Partners Management Co raised its position in shares of Janus Capital Group by 69.7% in the first quarter. Paloma Partners Management Co now owns 117,659 shares of the asset manager’s stock valued at $1,553,000 after buying an additional 48,338 shares during the period. Finally, Nomura Holdings Inc. raised its position in shares of Janus Capital Group by 17.3% in the first quarter. Nomura Holdings Inc. now owns 208,300 shares of the asset manager’s stock valued at $2,748,000 after buying an additional 30,697 shares during the period. 90.21% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently commented on JNS. Zacks Investment Research downgraded Janus Capital Group from a “hold” rating to a “sell” rating in a research note on Friday, January 27th. Morgan Stanley set a $13.00 target price on Janus Capital Group and gave the stock a “sell” rating in a research note on Wednesday, January 25th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Janus Capital Group presently has an average rating of “Hold” and an average price target of $14.50.
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, exchange-traded products (ETPs) and subadvised relationships (collectively referred to as investment products) in both domestic and international markets.
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