Jefferies Group Equities Analysts Decrease Earnings Estimates for Janus Capital Group Inc. (JNS)
Janus Capital Group Inc. (NYSE:JNS) – Equities researchers at Jefferies Group lowered their FY2016 earnings estimates for shares of Janus Capital Group in a report issued on Thursday. Jefferies Group analyst D. Fannon now forecasts that the firm will earn $0.85 per share for the year, down from their prior forecast of $0.87. Jefferies Group has a “Hold” rating and a $14.00 price objective on the stock. Jefferies Group also issued estimates for Janus Capital Group’s Q1 2017 earnings at $0.23 EPS and FY2017 earnings at $1.05 EPS.
Janus Capital Group (NYSE:JNS) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. Janus Capital Group had a return on equity of 9.65% and a net margin of 15.47%. The business had revenue of $258.90 million for the quarter, compared to analysts’ expectations of $258.29 million. During the same quarter in the prior year, the business earned $0.22 EPS. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis.
JNS has been the subject of a number of other research reports. Citigroup Inc. raised 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, October 5th. Zacks Investment Research cut Janus Capital Group from a “hold” rating to a “sell” rating in a research note on Friday, July 29th. Wells Fargo & Co. reissued a “market perform” rating on shares of Janus Capital Group in a research note on Wednesday, October 5th. Morgan Stanley reissued a “sell” rating and issued a $13.00 price objective on shares of Janus Capital Group in a research note on Thursday, July 28th. Finally, Keefe, Bruyette & Woods raised 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. One equities research analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $14.50.
Shares of Janus Capital Group (NYSE:JNS) opened at 14.09 on Monday. The company has a 50-day moving average price of $13.75 and a 200-day moving average price of $14.32. The company has a market cap of $2.48 billion, a PE ratio of 16.56 and a beta of 1.73. Janus Capital Group has a 1-year low of $11.07 and a 1-year high of $16.62.
A number of hedge funds have recently modified their holdings of JNS. Ameriprise Financial Inc. raised its stake in shares of Janus Capital Group by 228.0% in the third quarter. Ameriprise Financial Inc. now owns 1,547,716 shares of the company’s stock worth $21,684,000 after buying an additional 1,075,849 shares during the period. Fiera Capital Corp acquired a new stake in shares of Janus Capital Group during the second quarter worth approximately $11,621,000. JPMorgan Chase & Co. raised its stake in shares of Janus Capital Group by 21.7% in the third quarter. JPMorgan Chase & Co. now owns 3,758,866 shares of the company’s stock worth $52,662,000 after buying an additional 669,076 shares during the period. Fuller & Thaler Asset Management Inc. raised its stake in shares of Janus Capital Group by 20.2% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 3,982,312 shares of the company’s stock worth $55,434,000 after buying an additional 668,314 shares during the period. Finally, Heartland Advisors Inc. acquired a new stake in shares of Janus Capital Group during the third quarter worth approximately $9,034,000. Institutional investors and hedge funds own 94.74% of the company’s stock.
In related news, CFO Jennifer J. Mcpeek sold 5,000 shares of Janus Capital Group stock in a transaction 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 sale, the chief financial officer now directly owns 123,710 shares in the company, valued at $1,562,457.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.08% of the company’s stock.
The firm 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 dividend on an annualized basis and a yield of 3.12%. Janus Capital Group’s dividend payout ratio (DPR) is currently 50.57%.
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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