Janus Capital Group Inc. (NYSE:JNS) – Investment analysts at Jefferies Group boosted their Q3 2016 earnings estimates for Janus Capital Group in a research note issued on Tuesday. Jefferies Group analyst D. Fannon now anticipates that the brokerage will post earnings per share of $0.23 for the quarter, up from their prior estimate of $0.22. Jefferies Group has a “Hold” rating and a $16.00 price target on the stock. Jefferies Group also issued estimates for Janus Capital Group’s FY2016 earnings at $0.87 EPS, Q1 2017 earnings at $0.25 EPS and FY2017 earnings at $1.10 EPS.

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. Janus Capital Group had a return on equity of 9.59% and a net margin of 13.30%. The company had revenue of $251.90 million for the quarter, compared to analyst estimates of $258.50 million. During the same period in the previous year, the firm earned $0.24 earnings per share. The company’s revenue for the quarter was down 7.4% compared to the same quarter last year.

Earnings History and Estimates for Janus Capital Group (NYSE:JNS)

Several other research firms have also recently issued reports on JNS. Wells Fargo & Co. restated a “market perform” rating on shares of Janus Capital Group in a report on Wednesday, October 5th. Citigroup Inc. increased their target price on Janus Capital Group from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 5th. Morgan Stanley reaffirmed a “sell” rating and issued a $13.00 target price on shares of Janus Capital Group in a research report on Thursday, July 28th. Keefe, Bruyette & Woods increased their target price 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. Finally, Zacks Investment Research lowered Janus Capital Group from a “hold” rating to a “sell” rating in a research report on Friday, July 29th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Janus Capital Group currently has a consensus rating of “Hold” and a consensus price target of $14.93.

Janus Capital Group (NYSE:JNS) traded up 0.84% on Wednesday, reaching $14.46. The company had a trading volume of 695,100 shares. The stock has a market capitalization of $2.57 billion, a P/E ratio of 19.86 and a beta of 1.57. The firm has a 50-day moving average of $14.40 and a 200-day moving average of $14.57. Janus Capital Group has a 12 month low of $11.07 and a 12 month high of $16.62.

Several hedge funds have recently made changes to their positions in JNS. Cantab Capital Partners LLP acquired a new stake in shares of Janus Capital Group during the second quarter worth about $102,000. LS Investment Advisors LLC raised its stake 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 during the last quarter. O Shaughnessy Asset Management LLC raised its stake 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 during the last quarter. Tower Research Capital LLC TRC raised its stake 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 during the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in shares of Janus Capital Group during the second quarter worth about $146,000. 93.11% of the stock is currently owned by institutional investors and hedge funds.

In other news, major shareholder Ichi Life Insurance Co. L. Dai sold 406,659 shares of Janus Capital Group 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 can be accessed through this hyperlink. Also, CFO Jennifer J. Mcpeek sold 5,000 shares of Janus Capital Group 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 sale, the chief financial officer now directly 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.

About Janus Capital Group

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.

5 Day Chart for NYSE:JNS

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