Citigroup Inc. Raises Janus Capital Group Inc. (JNS) Price Target to $16.00
Janus Capital Group Inc. (NYSE:JNS) had its target price raised by Citigroup Inc. from $15.00 to $16.00 in a report issued on Wednesday. The firm presently has a “neutral” rating on the stock. Citigroup Inc.’s target price indicates a potential upside of 6.52% from the stock’s previous close.
Several other research analysts have also recently weighed in on JNS. Zacks Investment Research cut Janus Capital Group from a “hold” rating to a “sell” rating in a research report on Tuesday, June 14th. Keefe, Bruyette & Woods boosted their price objective on Janus Capital Group from $15.00 to $15.50 and gave the stock a “market perform” rating in a research report 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 report on Thursday, July 28th. Jefferies Group reissued a “buy” rating on shares of Janus Capital Group in a research report on Thursday, August 11th. Finally, Wells Fargo & Co. reissued a “market perform” rating on shares of Janus Capital Group in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. Janus Capital Group presently has an average rating of “Hold” and a consensus price target of $14.94.
Janus Capital Group (NYSE:JNS) traded down 0.93% during mid-day trading on Wednesday, hitting $14.88. The stock had a trading volume of 882,290 shares. The stock has a market capitalization of $2.64 billion, a P/E ratio of 20.44 and a beta of 1.57. The company’s 50 day moving average is $14.40 and its 200-day moving average is $14.56. Janus Capital Group has a 52 week low of $11.07 and a 52 week high of $16.62.
Janus Capital Group (NYSE:JNS) last announced its earnings results on Tuesday, July 26th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The company had revenue of $251.90 million for the quarter, compared to analysts’ expectations of $258.50 million. Janus Capital Group had a net margin of 13.30% and a return on equity of 9.59%. The firm’s quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 EPS. On average, analysts expect that Janus Capital Group will post $0.88 EPS for the current fiscal year.
In other Janus Capital Group news, CFO Jennifer J. Mcpeek sold 5,000 shares of the company’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $14.05, for a total value of $70,250.00. Following the transaction, the chief financial officer now directly owns 128,710 shares in the company, valued at approximately $1,808,375.50. The sale was disclosed in a filing 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 the company’s stock in a transaction dated Monday, August 1st. The stock was 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. Corporate insiders own 2.08% of the company’s stock.
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 $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 in 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 in 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 in the last quarter. Finally, Hsbc Holdings PLC acquired a new position in shares of Janus Capital Group during the second quarter worth $146,000. Institutional investors and hedge funds 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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