Janus Capital Group, Inc (NYSE:JHG) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

A number of other research firms have also weighed in on JHG. Citigroup Inc. reiterated a “neutral” rating and issued a $37.00 price objective (up from $34.50) on shares of Janus Capital Group in a research report on Thursday, August 10th. Bank of America Corporation lifted their price objective on shares of Janus Capital Group from $34.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, August 9th. Deutsche Bank AG initiated coverage on shares of Janus Capital Group in a research report on Tuesday, October 17th. They issued a “hold” rating and a $36.00 price objective on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $32.00 price objective on shares of Janus Capital Group in a research report on Thursday, July 6th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $36.00 price objective (up from $35.00) on shares of Janus Capital Group in a research report on Tuesday, October 10th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $35.75.

Shares of Janus Capital Group (NYSE:JHG) traded down 1.51% during mid-day trading on Friday, reaching $34.52. 571,245 shares of the company were exchanged. The stock has a market capitalization of $6.78 billion, a P/E ratio of 32.29 and a beta of 1.52. Janus Capital Group has a 12 month low of $30.24 and a 12 month high of $36.25. The stock has a 50 day moving average price of $34.42 and a 200-day moving average price of $33.89.

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 predict that Janus Capital Group will post $2.40 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of the business. Fisher Asset Management LLC purchased a new stake in shares of Janus Capital Group during the 3rd quarter worth $57,515,000. Nationwide Fund Advisors purchased a new stake in shares of Janus Capital Group during the 3rd quarter worth $10,647,000. State Treasurer State of Michigan purchased a new stake in shares of Janus Capital Group during the 3rd quarter worth $2,363,000. Profit Investment Management LLC purchased a new stake in shares of Janus Capital Group during the 3rd quarter worth $1,934,000. Finally, Cubic Asset Management LLC purchased a new stake in shares of Janus Capital Group during the 3rd quarter worth $1,281,000. Institutional investors own 47.34% of the company’s stock.

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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Analyst Recommendations for Janus Capital Group (NYSE:JHG)

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