According to Zacks, “Janus Capital's profitability remains challenged by weak flows and negative performance fees. Moreover, the company’s equity-heavy portfolio makes it vulnerable to the equity market volatilities. Additionally, given its continued investments in several business areas, we believe the company’s expense base to remain under pressure. For 2016, the company expects 10% year-over-year increase in marketing and advertising expense. However, Janus Capital remains well positioned for competitive leverage growth, given its best-in-class investment boutique with potential for assets under management (AUM) improvement. Also, the company has been able to undertake the strategic investments that continue to support its growth profile.”
A number of other equities research analysts have also recently issued reports on JNS. Keefe, Bruyette & Woods upped their target price on shares of Janus Capital Group from $15.00 to $15.50 and gave the company a market perform rating in a report on Wednesday, July 27th. Jefferies Group reaffirmed a buy rating on shares of Janus Capital Group in a report on Thursday, August 11th. Morgan Stanley reaffirmed a sell rating and issued a $13.00 target price on shares of Janus Capital Group in a report on Thursday, July 28th. Finally, Citigroup Inc. upped their target price on shares of Janus Capital Group from $14.00 to $15.00 and gave the company a neutral rating in a report on Wednesday, July 27th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $14.94.
Janus Capital Group (NYSE:JNS) opened at 13.80 on Tuesday. The company has a 50-day moving average of $14.39 and a 200-day moving average of $14.53. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 18.96 and a beta of 1.64. Janus Capital Group has a 1-year low of $11.07 and a 1-year high of $16.06.
Janus Capital Group (NYSE:JNS) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by $0.01. Janus Capital Group had a return on equity of 9.59% and a net margin of 13.30%. The business had revenue of $251.90 million for the quarter, compared to the consensus estimate of $258.50 million. During the same period last year, the firm earned $0.24 earnings per share. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. On average, equities analysts predict that Janus Capital Group will post $0.88 earnings per share for the current year.
In other Janus Capital Group news, major shareholder Ichi Life Insurance Co. L. Dai sold 406,659 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $14.50, for a total transaction of $5,896,555.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jennifer J. Mcpeek sold 5,000 shares of the stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $14.05, for a total transaction of $70,250.00. Following the transaction, the chief financial officer now owns 128,710 shares in the company, valued at approximately $1,808,375.50. The disclosure for this sale can be found here. 2.08% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Cantab Capital Partners LLP acquired a new position in shares of Janus Capital Group during the second quarter worth about $102,000. LS Investment Advisors LLC raised its position in shares of Janus Capital Group by 73.6% in the second quarter. LS Investment Advisors LLC now owns 8,864 shares of the company’s stock worth $123,000 after buying an additional 3,757 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Janus Capital Group by 24.0% in the second quarter. O Shaughnessy Asset Management LLC now owns 9,623 shares of the company’s stock worth $134,000 after buying an additional 1,860 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Janus Capital Group by 483.7% in the second quarter. Tower Research Capital LLC TRC now owns 9,730 shares of the company’s stock worth $135,000 after buying an additional 8,063 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new position in shares of Janus Capital Group during the second quarter worth about $146,000. Hedge funds and other institutional investors own 93.11% of the company’s stock.
Janus Capital Group Company Profile
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 and subadvised relationships (collectively referred to as investment products) in both domestic and international markets.
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