Janus Capital Group Inc. (NYSE:JNS) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Friday.
According to Zacks, “Janus Capital’s estimates have been stable lately ahead of the company’s third-quarter 2016 earnings release. Recently, the company signed an ‘all-stock merger of equals’ with Henderson Group. Management expects the merger to be accretive to the earnings of both the companies in the first 12 months, excluding one-time cost of $165–185 million. Further, the increased economies of scale are likely to result in improved profitability and greater efficiency. Also, the company remains well positioned for competitive leverage growth, given its best-in-class investment boutique with potential for assets under management (AUM) improvement. However, the company’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”
A number of other research analysts also recently weighed in on JNS. Keefe, Bruyette & Woods raised their price objective on Janus Capital Group from $15.00 to $15.50 and gave the company a “market perform” rating in a research note on Wednesday, July 27th. Morgan Stanley reissued a “sell” rating and issued a $13.00 price objective on shares of Janus Capital Group in a research note on Thursday, July 28th. Jefferies Group reissued a “buy” rating on shares of Janus Capital Group in a research note on Thursday, August 11th. Citigroup Inc. raised their price objective on Janus Capital Group from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Wednesday, July 27th. Finally, Wells Fargo & Co. reissued a “market perform” rating on shares of Janus Capital Group in a research note on Wednesday, October 5th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Janus Capital Group currently has an average rating of “Hold” and a consensus target price of $14.93.
Shares of Janus Capital Group (NYSE:JNS) opened at 14.70 on Friday. Janus Capital Group has a 12 month low of $11.07 and a 12 month high of $16.62. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 20.19 and a beta of 1.57. The firm has a 50-day moving average price of $14.40 and a 200 day moving average price of $14.57.
Janus Capital Group (NYSE:JNS) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.01. Janus Capital Group had a net margin of 13.30% and a return on equity of 9.59%. The company earned $251.90 million during the quarter, compared to the consensus estimate of $258.50 million. During the same period in the previous year, the business posted $0.24 earnings per share. The firm’s revenue was down 7.4% on a year-over-year basis. On average, analysts anticipate that Janus Capital Group will post $0.87 EPS for the current fiscal year.
In other Janus Capital Group news, CFO Jennifer J. Mcpeek sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $14.05, for a total value of $70,250.00. Following 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Ichi Life Insurance Co. L. Dai sold 406,659 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $14.50, for a total value of $5,896,555.50. The disclosure for this sale can be found here. 2.08% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Janus Capital Group by 4.0% in the second quarter. Vanguard Group Inc. now owns 11,105,477 shares of the company’s stock worth $154,588,000 after buying an additional 426,066 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Janus Capital Group by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 9,579,549 shares of the company’s stock valued at $133,344,000 after buying an additional 533,622 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of Janus Capital Group by 4.8% in the second quarter. BlackRock Fund Advisors now owns 7,484,244 shares of the company’s stock valued at $104,181,000 after buying an additional 343,582 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in shares of Janus Capital Group by 0.6% in the second quarter. Gamco Investors INC. ET AL now owns 6,051,705 shares of the company’s stock valued at $84,240,000 after buying an additional 38,100 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of Janus Capital Group by 1.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,365,896 shares of the company’s stock valued at $60,773,000 after buying an additional 65,391 shares during the last quarter. 93.11% of the stock is currently owned by hedge funds and other institutional investors.
About Janus Capital Group
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.