Janus Capital Group, Inc (NYSE:JHG) was upgraded by research analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating in a research note issued on Thursday, MarketBeat reports. The brokerage currently has a $39.00 target price on the stock. Citigroup Inc.’s price objective suggests a potential upside of 7.08% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. ValuEngine raised shares of Janus Capital Group from a “hold” rating to a “buy” rating in a research report on Friday, October 27th. Zacks Investment Research lowered shares of Janus Capital Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Deutsche Bank AG initiated coverage on shares of Janus Capital Group in a research report on Tuesday, October 17th. They set a “hold” rating and a $36.00 price target for the company. Keefe, Bruyette & Woods reissued a “hold” rating and set a $37.00 price target on shares of Janus Capital Group in a research report on Thursday, October 12th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $36.00 price target (up from $35.00) on shares of Janus Capital Group in a research report on Tuesday, October 10th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $35.93.

Janus Capital Group (NYSE JHG) traded up $1.06 on Thursday, reaching $36.42. 1,196,121 shares of the company’s stock were exchanged, compared to its average volume of 1,078,676. Janus Capital Group has a 12 month low of $23.90 and a 12 month high of $36.70. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.07. The stock has a market cap of $6,944.07, a price-to-earnings ratio of 16.50, a PEG ratio of 1.15 and a beta of 1.47.

Janus Capital Group (NYSE:JHG) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.04). Janus Capital Group had a return on equity of 10.90% and a net margin of 12.41%. The business had revenue of $454.60 million for the quarter, compared to analysts’ expectations of $524.44 million. During the same period in the prior year, the business posted $0.52 earnings per share. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. equities research analysts anticipate that Janus Capital Group will post 2.41 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Janus Capital Group, Inc (JHG) Upgraded to “Buy” at Citigroup Inc.” was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this article on another site, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this article can be viewed at https://www.americanbankingnews.com/2017/11/09/janus-capital-group-inc-jhg-upgraded-at-citigroup-inc.html.

Large investors have recently bought and sold shares of the company. Bartlett & Co. LLC purchased a new position in shares of Janus Capital Group during the 3rd quarter valued at approximately $101,000. First Manhattan Co. purchased a new position in shares of Janus Capital Group during the 3rd quarter valued at approximately $123,000. Trust Co. of Vermont purchased a new position in shares of Janus Capital Group during the 3rd quarter valued at approximately $143,000. Fiduciary Trust Co. purchased a new position in shares of Janus Capital Group during the 3rd quarter valued at approximately $210,000. Finally, Cannell Peter B & Co. Inc. purchased a new position in shares of Janus Capital Group during the 3rd quarter valued at approximately $227,000. 47.33% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Janus Capital Group (NYSE:JHG)

Receive News & Ratings for Janus Capital Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Janus Capital Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.