Other equities analysts have also issued reports about the company. Jefferies Group reaffirmed a buy rating on shares of Janus Capital Group in a research note on Thursday, August 11th. Zacks Investment Research upgraded Janus Capital Group from a strong sell rating to a hold rating and set a $16.00 price objective for the company in a research report on Friday, October 7th. Wells Fargo & Co. reiterated a market perform rating on shares of Janus Capital Group in a research report on Wednesday, October 5th. Citigroup Inc. increased their price objective on Janus Capital Group from $15.00 to $16.00 and gave the company a neutral rating in a research report on Wednesday, October 5th. Finally, Morgan Stanley reiterated a sell rating and set a $13.00 price objective on shares of Janus Capital Group in a research report on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $15.00.
Shares of Janus Capital Group (NYSE:JNS) opened at 14.18 on Friday. The stock has a market cap of $2.52 billion, a P/E ratio of 19.48 and a beta of 1.57. Janus Capital Group has a 52-week low of $11.07 and a 52-week high of $16.62. The firm’s 50-day moving average price is $14.33 and its 200-day moving average price is $14.56.
Janus Capital Group (NYSE:JNS) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by $0.01. The firm had revenue of $251.90 million for the quarter, compared to the consensus estimate of $258.50 million. Janus Capital Group had a net margin of 13.30% and a return on equity of 9.59%. The business’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.24 earnings per share. On average, equities research analysts forecast that Janus Capital Group will post $0.87 earnings per share for the current fiscal year.
In other Janus Capital Group news, CFO Jennifer J. Mcpeek sold 5,000 shares of Janus Capital Group stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $14.05, for a total transaction of $70,250.00. Following the completion of the sale, the chief financial officer now owns 128,710 shares of the company’s stock, valued at approximately $1,808,375.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Ichi Life Insurance Co. L. Dai sold 406,659 shares of Janus Capital Group stock in a transaction on Monday, August 1st. The stock was sold at an average price of $14.50, for a total transaction of $5,896,555.50. The disclosure for this sale can be found here. 2.08% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in JNS. Cantab Capital Partners LLP acquired a new stake in Janus Capital Group during the second quarter worth approximately $102,000. LS Investment Advisors LLC raised its stake in 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 in the last quarter. O Shaughnessy Asset Management LLC raised its stake in 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 in the last quarter. Tower Research Capital LLC TRC raised its stake in 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 in the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in Janus Capital Group during the second quarter worth approximately $146,000. 93.20% of the stock is owned by hedge funds and other institutional investors.
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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