Janus Capital Group Inc (JNS) Receives Average Recommendation of “Hold” from Analysts
Janus Capital Group Inc (NYSE:JNS) has been assigned a consensus recommendation of “Hold” from the eight analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $13.75.
Separately, Zacks Investment Research raised Janus Capital Group from a “sell” rating to a “hold” rating in a research report on Thursday, April 13th.
Shares of Janus Capital Group (JNS) remained flat at $14.17 on Friday. Janus Capital Group has a 1-year low of $11.95 and a 1-year high of $16.62. The firm has a 50-day moving average price of $13.76 and a 200 day moving average price of $13.29.
Janus Capital Group (NYSE:JNS) last released its earnings results on Thursday, April 20th. The asset manager reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $258.10 million. During the same period last year, the business earned $0.19 earnings per share. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, analysts forecast that Janus Capital Group will post $0.96 EPS for the current fiscal year.
The business 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 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend was Wednesday, May 3rd. Janus Capital Group’s payout ratio is 55.70%.
In other Janus Capital Group news, 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 transaction of $30,114.00. Following the sale, the senior vice president now directly owns 34,748 shares of the company’s stock, valued at $498,286.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.08% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in JNS. Public Employees Retirement System of Ohio increased its stake in Janus Capital Group by 17.8% in the first quarter. Public Employees Retirement System of Ohio now owns 9,676 shares of the asset manager’s stock worth $128,000 after buying an additional 1,462 shares during the last quarter. Paragon Capital Management Ltd purchased a new position in Janus Capital Group during the first quarter worth about $155,000. MARSHALL WACE ASIA Ltd purchased a new position in Janus Capital Group during the first quarter worth about $166,000. Marshall Wace North America L.P. purchased a new position in Janus Capital Group during the first quarter worth about $166,000. Finally, Tudor Investment Corp Et Al purchased a new position in Janus Capital Group during the fourth quarter worth about $188,000. 90.21% of the stock is currently owned by institutional investors.
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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, exchange-traded products (ETPs) and subadvised relationships (collectively referred to as investment products) in both domestic and international markets.
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