Zacks Investment Research Lowers Janus Capital Group, Inc (JHG) to Hold
Janus Capital Group, Inc (NYSE:JHG) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday.
According to Zacks, “Janus Henderson Group plc is an investment management company. It provides investment advisors for equities, fixed income, property and private equity sectors. Janus Henderson Group plc, formerly known as Janus Cap Grp, is based in London, United Kingdom. “
JHG has been the subject of a number of other research reports. ValuEngine lowered Janus Capital Group from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Wells Fargo & Company assumed coverage on Janus Capital Group in a research note on Monday, September 25th. They issued a “market perform” rating and a $36.00 price target for the company. Goldman Sachs Group, Inc. (The) assumed coverage on Janus Capital Group in a research note on Monday, June 26th. They issued a “neutral” rating and a $33.00 price target for the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $36.00 price target on shares of Janus Capital Group in a research note on Friday, July 14th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $35.00 price target on shares of Janus Capital Group in a research note on Tuesday, September 26th. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $35.75.
Shares of Janus Capital Group (NYSE:JHG) traded up 0.23% on Tuesday, hitting $35.25. 268,580 shares of the stock were exchanged. The company has a 50 day moving average of $34.38 and a 200 day moving average of $33.88. The company has a market cap of $6.92 billion, a price-to-earnings ratio of 32.97 and a beta of 1.52. Janus Capital Group has a 52-week low of $2.63 and a 52-week high of $36.25.
Janus Capital Group (NYSE:JHG) last released 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. The firm had revenue of $384.80 million during the quarter, compared to analyst estimates of $394.97 million. Janus Capital Group had a return on equity of 10.90% and a net margin of 12.41%. The business’s quarterly revenue was up 49.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 earnings per share. Equities research analysts forecast that Janus Capital Group will post $2.40 earnings per share for the current year.
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A number of hedge funds have recently made changes to their positions in the stock. Fisher Asset Management LLC purchased a new stake in Janus Capital Group in the third quarter worth $57,515,000. Nationwide Fund Advisors purchased a new stake in Janus Capital Group in the third quarter worth $10,647,000. State Treasurer State of Michigan purchased a new stake in Janus Capital Group in the third quarter worth $2,363,000. Profit Investment Management LLC purchased a new stake in Janus Capital Group in the third quarter worth $1,934,000. Finally, Sit Investment Associates Inc. purchased a new stake in Janus Capital Group in the third quarter worth $746,000. 47.34% of the stock is owned by institutional investors.
Janus Capital Group Company Profile
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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