Janus Capital Group, Inc (JHG) Given Average Recommendation of “Hold” by Brokerages
Janus Capital Group, Inc (NYSE:JHG) has been assigned an average rating of “Hold” from the nine research firms that are presently covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $35.04.
A number of research firms recently weighed in on JHG. UBS AG began coverage on shares of Janus Capital Group in a research report on Tuesday, May 30th. They issued a “buy” rating and a $35.25 price objective on the stock. Citigroup Inc. restated a “neutral” rating and set a $37.00 target price (up from $34.50) on shares of Janus Capital Group in a research report on Thursday, August 10th. Bank of America Corporation boosted their target price on shares of Janus Capital Group from $34.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 9th. Keefe, Bruyette & Woods restated a “hold” rating and set a $36.00 target price on shares of Janus Capital Group in a research report on Friday, July 14th. Finally, Zacks Investment Research lowered shares of Janus Capital Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th.
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Janus Capital Group (NYSE JHG) opened at 33.26 on Friday. The company has a 50 day moving average of $34.29 and a 200 day moving average of $33.27. The firm has a market capitalization of $6.53 billion, a PE ratio of 31.11 and a beta of 1.54. Janus Capital Group has a 1-year low of $8.14 and a 1-year high of $36.25.
Janus Capital Group (NYSE:JHG) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.13. Janus Capital Group had a net margin of 12.41% and a return on equity of 10.90%. The firm had revenue of $384.80 million for the quarter, compared to analyst estimates of $394.97 million. During the same period last year, the firm posted $0.21 EPS. Janus Capital Group’s quarterly revenue was up 49.7% on a year-over-year basis. Analysts forecast that Janus Capital Group will post $2.39 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 18th were given a dividend of $0.32 per share. The ex-dividend date was Wednesday, August 16th. This represents a $1.28 annualized dividend and a dividend yield of 3.85%. Janus Capital Group’s payout ratio is currently 261.81%.
About Janus Capital Group
Janus Henderson Group plc is an asset management holding entity. Through its subsidiaries, the firm provides services to institutional, retail clients, and high net worth clients. It manages separate client-focused equity and fixed income portfolios. The firm also manages equity, fixed income, and balanced mutual funds for its clients.
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