Janus Capital Group Inc (NYSE:JNS) Receives Average Recommendation of “Hold” from Brokerages
Shares of Janus Capital Group Inc (NYSE:JNS) have been given an average recommendation of “Hold” by the eight analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $13.75.
Separately, Zacks Investment Research upgraded Janus Capital Group from a “sell” rating to a “hold” rating in a report on Thursday, April 13th.
Shares of Janus Capital Group (NYSE:JNS) traded down 0.56% during mid-day trading on Tuesday, reaching $14.17. The company had a trading volume of 57,161,642 shares. 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 has a 1-year low of $11.95 and a 1-year high of $16.62.
Janus Capital Group (NYSE:JNS) last posted its quarterly earnings data on Thursday, April 20th. The asset manager reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.02. Janus Capital Group had a return on equity of 7.26% and a net margin of 12.54%. The company had revenue of $257.60 million during the quarter, compared to analysts’ expectations of $258.10 million. During the same quarter in the previous year, the business earned $0.19 EPS. Janus Capital Group’s revenue was up 3.7% compared to the same quarter last year. Equities analysts forecast that Janus Capital Group will post $0.96 EPS for the current fiscal year.
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In other Janus Capital Group news, SVP Brennan A. Hughes sold 2,100 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president now directly owns 34,748 shares in the company, valued at approximately $498,286.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.08% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Janus Capital Group by 15,903.2% in the first quarter. BlackRock Inc. now owns 15,517,989 shares of the asset manager’s stock valued at $204,838,000 after buying an additional 15,421,021 shares in the last quarter. Norges Bank purchased a new stake in shares of Janus Capital Group during the fourth quarter valued at $21,471,000. Cheyne Capital Management UK LLP purchased a new stake in shares of Janus Capital Group during the first quarter valued at $11,875,000. Gluskin Sheff & Assoc Inc. purchased a new stake in shares of Janus Capital Group during the first quarter valued at $15,982,000. Finally, Credit Suisse AG boosted its stake 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 in the last quarter. Institutional investors and hedge funds own 90.21% 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, exchange-traded products (ETPs) and subadvised relationships (collectively referred to as investment products) in both domestic and international markets.
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