OMERS ADMINISTRATION Corp raised its stake in shares of Janus Capital Group Inc (NYSE:JNS) by 20.4% during the first quarter, Holdings Channel reports. The fund owned 189,600 shares of the asset manager’s stock after buying an additional 32,100 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Janus Capital Group were worth $2,503,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in the stock. Paragon Capital Management Ltd acquired a new position in shares of Janus Capital Group during the first quarter valued at $155,000. Tudor Investment Corp Et Al acquired a new position in shares of Janus Capital Group during the fourth quarter valued at $188,000. First Allied Advisory Services Inc. acquired a new position in shares of Janus Capital Group during the fourth quarter valued at $197,000. Capstone Asset Management Co. boosted its position in shares of Janus Capital Group by 40.2% in the first quarter. Capstone Asset Management Co. now owns 16,436 shares of the asset manager’s stock valued at $217,000 after buying an additional 4,709 shares during the last quarter. Finally, Zweig DiMenna Associates LLC acquired a new position in shares of Janus Capital Group during the third quarter valued at $234,000. 90.21% of the stock is currently owned by institutional investors and hedge funds.
Janus Capital Group Inc (NYSE:JNS) traded up 1.84% during midday trading on Friday, hitting $14.38. 2,077,502 shares of the company were exchanged. The stock has a 50 day moving average of $13.58 and a 200-day moving average of $13.22. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 18.92 and a beta of 1.60. Janus Capital Group Inc has a 1-year low of $11.95 and a 1-year high of $16.62.
Janus Capital Group (NYSE:JNS) last issued its quarterly earnings data on Thursday, April 20th. The asset manager reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.02. The company had revenue of $257.60 million for the quarter, compared to the consensus estimate of $258.10 million. Janus Capital Group had a net margin of 14.17% and a return on equity of 8.98%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.19 earnings per share. Equities analysts expect that Janus Capital Group Inc will post $0.97 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 19th. Investors of record on Friday, May 5th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, May 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 3.12%. Janus Capital Group’s dividend payout ratio (DPR) is 55.70%.
Several equities analysts have commented on JNS shares. Zacks Investment Research cut shares of Janus Capital Group from a “hold” rating to a “sell” rating in a research report on Friday, January 27th. Morgan Stanley set a $13.00 target price on shares of Janus Capital Group and gave the stock a “sell” rating in a research report on Wednesday, January 25th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Janus Capital Group has an average rating of “Hold” and an average price target of $14.50.
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, exchange-traded products (ETPs) and subadvised relationships (collectively referred to as investment products) in both domestic and international markets.
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