Favorable News Coverage Somewhat Unlikely to Impact Janus Capital Group (JHG) Share Price
News stories about Janus Capital Group (NYSE:JHG) have been trending positive recently, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Janus Capital Group earned a news sentiment score of 0.40 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.1132749654462 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Janus Capital Group (NYSE:JHG) opened at 34.84 on Friday. The stock has a market capitalization of $6.84 billion, a P/E ratio of 32.59 and a beta of 1.54. The stock’s 50 day moving average price is $34.32 and its 200-day moving average price is $33.28. Janus Capital Group has a 52 week low of $2.63 and a 52 week high of $36.25.
Janus Capital Group (NYSE:JHG) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.13. The company had revenue of $384.80 million for the quarter, compared to analysts’ expectations of $394.97 million. Janus Capital Group had a return on equity of 10.90% and a net margin of 12.41%. The business’s revenue for the quarter was up 49.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 earnings per share. Equities research analysts expect that Janus Capital Group will post $2.39 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 18th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.67%. Janus Capital Group’s dividend payout ratio (DPR) is presently 261.81%.
Several analysts have commented on JHG shares. Zacks Investment Research raised Janus Capital Group from a “hold” rating to a “strong-buy” rating and set a $39.00 price objective for the company in a research note on Friday, August 4th. Bank of America Corporation upped their price objective on Janus Capital Group from $34.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, August 9th. ValuEngine downgraded Janus Capital Group from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. JPMorgan Chase & Co. started coverage on Janus Capital Group in a research note on Friday, June 9th. They set a “neutral” rating and a $33.00 price objective for the company. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a $37.00 price objective (up from $34.50) on shares of Janus Capital Group in a research note on Thursday, August 10th. Nine analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $35.53.
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Janus Capital Group Company Profile
Janus Henderson Group plc is an asset management holding entity. Through its subsidiaries, the firm provides services to institutional, retail clients, and high net worth clients. It manages separate client-focused equity and fixed income portfolios. The firm also manages equity, fixed income, and balanced mutual funds for its clients.
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