Jefferies Group Reiterates Hold Rating for Janus Capital Group Inc. (JNS)
Janus Capital Group Inc. (NYSE:JNS)‘s stock had its “hold” rating reissued by equities researchers at Jefferies Group in a research report issued on Friday. They currently have a $14.00 price objective on the stock, down from their prior price objective of $16.00. Jefferies Group’s price objective indicates a potential downside of 0.36% from the company’s current price.
A number of other research analysts also recently issued reports on JNS. Zacks Investment Research upgraded Janus Capital Group from a “sell” rating to a “hold” rating in a report on Friday, July 15th. Citigroup Inc. raised 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 raised 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. Morgan Stanley restated a “sell” rating and issued a $13.00 price target on shares of Janus Capital Group in a research note on Thursday, July 28th. Finally, Wells Fargo & Co. restated a “market perform” rating on shares of Janus Capital Group in a research note on Wednesday, October 5th. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Janus Capital Group has a consensus rating of “Hold” and a consensus price target of $14.50.
Shares of Janus Capital Group (NYSE:JNS) opened at 14.05 on Friday. The stock’s 50 day moving average price is $13.74 and its 200-day moving average price is $14.34. 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 $2.47 billion, a PE ratio of 16.51 and a beta of 1.73.
Janus Capital Group (NYSE:JNS) last posted its quarterly earnings data on Tuesday, October 25th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.01. The business earned $258.90 million during the quarter, compared to the consensus estimate of $258.29 million. Janus Capital Group had a return on equity of 9.65% and a net margin of 15.47%. Janus Capital Group’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period last year, the company earned $0.22 earnings per share. On average, analysts expect that Janus Capital Group will post $0.87 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 18th. Investors of record on Monday, November 7th will be issued a dividend of $0.11 per share. The ex-dividend date is Thursday, November 3rd. This represents a $0.44 annualized dividend and a yield of 3.13%. Janus Capital Group’s payout ratio is currently 50.57%.
In related news, CFO Jennifer J. Mcpeek sold 5,000 shares of Janus Capital Group stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $12.63, for a total transaction of $63,150.00. Following the completion of the sale, the chief financial officer now directly owns 123,710 shares of the company’s stock, valued at approximately $1,562,457.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.08% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the company. BlackRock Group LTD boosted its stake in Janus Capital Group by 16.1% in the first quarter. BlackRock Group LTD now owns 138,727 shares of the company’s stock valued at $2,030,000 after buying an additional 19,188 shares during the last quarter. Prudential Financial Inc. boosted its stake in Janus Capital Group by 30.8% in the first quarter. Prudential Financial Inc. now owns 126,209 shares of the company’s stock valued at $1,847,000 after buying an additional 29,747 shares during the last quarter. Smith Asset Management Group LP purchased a new stake in Janus Capital Group during the second quarter valued at $2,117,000. Tealwood Asset Management Inc. boosted its stake in Janus Capital Group by 2.0% in the second quarter. Tealwood Asset Management Inc. now owns 251,426 shares of the company’s stock valued at $3,500,000 after buying an additional 4,980 shares during the last quarter. Finally, Nomura Holdings Inc. boosted its stake in 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 last quarter. 94.74% of the stock is owned by institutional investors and hedge funds.
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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