Janus Capital Group Inc. (JNS) Receives Market Perform Rating from Wells Fargo & Co.
Several other brokerages have also issued reports on JNS. Jefferies Group lowered Janus Capital Group from a buy rating to a hold rating and set a $16.00 target price on the stock. in a research report on Tuesday. Zacks Investment Research upgraded Janus Capital Group from a sell rating to a hold rating in a research note on Tuesday, August 30th. Citigroup Inc. boosted their price target 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. Keefe, Bruyette & Woods boosted their price target 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. Finally, Morgan Stanley reiterated a sell rating and set a $13.00 price target on shares of Janus Capital Group in a research note on Thursday, July 28th. 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 a consensus rating of Hold and a consensus price target of $14.94.
Shares of Janus Capital Group (NYSE:JNS) traded down 1.94% during mid-day trading on Wednesday, reaching $14.65. The company had a trading volume of 1,129,583 shares. The stock has a 50 day moving average of $14.41 and a 200-day moving average of $14.56. Janus Capital Group has a 52 week low of $11.07 and a 52 week high of $16.62. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 20.12 and a beta of 1.57.
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. Janus Capital Group had a net margin of 13.30% and a return on equity of 9.59%. The business had revenue of $251.90 million for the quarter, compared to analyst estimates of $258.50 million. During the same period in the prior year, the company earned $0.24 earnings per share. The company’s quarterly revenue was down 7.4% on a year-over-year basis. On average, analysts expect that Janus Capital Group will post $0.88 earnings per share for the current fiscal year.
In other Janus Capital Group news, 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 $1,808,375.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 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. 2.08% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of JNS. 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 increased 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 increased 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 increased 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 about $146,000. 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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