Research Analysts Set Expectations for Janus Capital Group Inc.’s Q1 2017 Earnings (JNS)
Janus Capital Group Inc. (NYSE:JNS) – Equities research analysts at Jefferies Group issued their Q1 2017 earnings per share (EPS) estimates for shares of Janus Capital Group in a research note issued on Tuesday. Jefferies Group analyst D. Fannon expects that the firm will post earnings of $0.24 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $16.00 price target on the stock. Jefferies Group also issued estimates for Janus Capital Group’s Q2 2017 earnings at $0.27 EPS, Q3 2017 earnings at $0.28 EPS and Q4 2017 earnings at $0.29 EPS.
A number of other brokerages have also recently commented on JNS. Zacks Investment Research upgraded Janus Capital Group from a “sell” rating to a “hold” rating in a research note on Friday, July 15th. Wells Fargo & Co. reiterated a “market perform” rating on shares of Janus Capital Group in a research note on Wednesday. Keefe, Bruyette & Woods boosted 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. Citigroup Inc. boosted their price objective on Janus Capital Group from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Morgan Stanley reiterated a “sell” rating and set a $13.00 price objective on shares of Janus Capital Group in a research note on Thursday, July 28th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $14.94.
Janus Capital Group (NYSE:JNS) opened at 14.94 on Wednesday. Janus Capital Group has a 1-year low of $11.07 and a 1-year high of $16.62. The firm’s 50-day moving average is $14.41 and its 200 day moving average is $14.56. The firm has a market cap of $2.65 billion, a PE ratio of 20.52 and a beta of 1.57.
Janus Capital Group (NYSE:JNS) last released its earnings results on Tuesday, July 26th. The company reported $0.21 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 analyst estimates 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 business posted $0.24 EPS.
Institutional investors have recently made changes to their positions in the stock. Nomura Holdings Inc. raised its position in shares of Janus Capital Group by 492.6% in the second quarter. Nomura Holdings Inc. now owns 164,212 shares of the company’s stock valued at $2,295,000 after buying an additional 136,502 shares during the period. Mason Street Advisors LLC purchased a new position in shares of Janus Capital Group during the second quarter valued at approximately $926,000. Amalgamated Bank raised its position in shares of Janus Capital Group by 9.5% in the second quarter. Amalgamated Bank now owns 17,964 shares of the company’s stock valued at $265,000 after buying an additional 1,556 shares during the period. Legal & General Group Plc raised its position in shares of Janus Capital Group by 11.4% in the second quarter. Legal & General Group Plc now owns 95,355 shares of the company’s stock valued at $1,319,000 after buying an additional 9,724 shares during the period. Finally, Fiera Capital Corp purchased a new position in shares of Janus Capital Group during the second quarter valued at approximately $11,621,000. Hedge funds and other institutional investors own 93.11% of the company’s stock.
In other news, major shareholder Ichi Life Insurance Co. L. Dai sold 406,659 shares of the stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $14.50, for a total transaction of $5,896,555.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jennifer J. Mcpeek sold 5,000 shares of the stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $14.05, for a total value 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 disclosure for this sale can be found here. 2.08% of the stock is owned by company insiders.
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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