Janus Capital Group Inc. (NYSE:JNS) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report released 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”

JNS has been the topic of several other research reports. Citigroup Inc. lifted their price target on shares of Janus Capital Group from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday. Wells Fargo & Co. restated a “market perform” rating on shares of Janus Capital Group in a research note on Wednesday. Morgan Stanley restated a “sell” rating and set a $13.00 target price on shares of Janus Capital Group in a research note on Thursday, July 28th. Keefe, Bruyette & Woods lifted their target price on shares of 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, Jefferies Group restated a “buy” rating on shares of Janus Capital Group in a research note on Thursday, August 11th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Janus Capital Group has an average rating of “Hold” and an average price target of $14.94.

Janus Capital Group (NYSE:JNS) traded down 1.93% during midday trading on Friday, hitting $14.20. The company’s stock had a trading volume of 564,999 shares. Janus Capital Group has a 12 month low of $11.07 and a 12 month high of $16.62. The firm has a market cap of $2.52 billion, a P/E ratio of 19.51 and a beta of 1.57. The company’s 50 day moving average price is $14.41 and its 200 day moving average price is $14.56.

Janus Capital Group (NYSE:JNS) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The business had revenue of $251.90 million for the quarter, compared to analysts’ expectations of $258.50 million. Janus Capital Group had a return on equity of 9.59% and a net margin of 13.30%. The company’s revenue was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.24 EPS. Analysts expect that Janus Capital Group will post $0.87 EPS for the current year.

In related news, CFO Jennifer J. Mcpeek sold 5,000 shares of Janus Capital Group stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $14.05, for a total value of $70,250.00. Following the completion of 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 available at the SEC website. Also, major shareholder Ichi Life Insurance Co. L. Dai sold 406,659 shares of Janus Capital Group stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $14.50, for a total transaction of $5,896,555.50. The disclosure for this sale can be found here. Company insiders own 2.08% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. 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 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 purchased a new position in shares of Janus Capital Group during the second quarter worth about $146,000. Hedge funds and other 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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