Trade Report: The Jefferies Group Weighs in on Janus Capital Group Inc.’s Q3 2016 Earnings (JNS)

The Jefferies Group Weighs in on Janus Capital Group Inc.’s Q3 2016 Earnings (JNS)

Janus Capital Group Inc. (NYSE:JNS) – Stock analysts at Jefferies Group upped their Q3 2016 earnings per share estimates for Janus Capital Group in a research note issued on Tuesday. Jefferies Group analyst D. Fannon now expects that the firm will post earnings of $0.23 per share for the quarter, up from their prior estimate of $0.22. Jefferies Group currently has a “Hold” rating and a $16.00 target price 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 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.01. Janus Capital Group had a net margin of 13.30% and a return on equity of 9.59%. The company had revenue of $251.90 million for the quarter, compared to analyst estimates of $258.50 million. During the same quarter in the previous year, the firm earned $0.24 EPS. The firm’s revenue was down 7.4% on a year-over-year basis.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Janus Capital Group from a “strong sell” rating to a “hold” rating in a research note on Friday, October 7th. Wells Fargo & Co. reissued a “market perform” rating on shares of Janus Capital Group in a research note on Wednesday, October 5th. Keefe, Bruyette & Woods lifted their price target on shares of Janus Capital Group from $15.00 to $15.50 and gave the stock a “market perform” rating in a research note on Wednesday, July 27th. 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, October 5th. Finally, Morgan Stanley reissued a “sell” rating and set a $13.00 price target on shares of Janus Capital Group in a research note on Thursday, July 28th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Janus Capital Group currently has an average rating of “Hold” and an average target price of $14.93.

Janus Capital Group (NYSE:JNS) traded up 0.84% on Wednesday, hitting $14.46. 695,100 shares of the company were exchanged. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 19.86 and a beta of 1.57. Janus Capital Group has a 52 week low of $11.07 and a 52 week high of $16.62. The stock has a 50 day moving average of $14.40 and a 200 day moving average of $14.57.

In other news, major shareholder Ichi Life Insurance Co. L. Dai sold 406,659 shares of the business’s stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Jennifer J. Mcpeek sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $14.60, for a total transaction of $73,000.00. Following the sale, the chief financial officer now owns 133,710 shares in the company, valued at approximately $1,952,166. The disclosure for this sale can be found here. 2.08% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in JNS. BNP Paribas Arbitrage SA boosted its stake in shares of Janus Capital Group by 47.3% in the second quarter. BNP Paribas Arbitrage SA now owns 73,623 shares of the company’s stock worth $1,025,000 after buying an additional 23,640 shares during the period. Skyline Asset Management LP boosted its stake in shares of Janus Capital Group by 4.1% in the first quarter. Skyline Asset Management LP now owns 1,402,115 shares of the company’s stock worth $20,513,000 after buying an additional 55,215 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in shares of Janus Capital Group by 5.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 237,131 shares of the company’s stock worth $3,469,000 after buying an additional 11,660 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Janus Capital Group by 8.4% in the first quarter. Envestnet Asset Management Inc. now owns 84,274 shares of the company’s stock worth $1,233,000 after buying an additional 6,498 shares during the period. Finally, Prudential PLC boosted its stake in shares of Janus Capital Group by 4.3% in the first quarter. Prudential PLC now owns 1,369,900 shares of the company’s stock worth $20,042,000 after buying an additional 56,500 shares during the period. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Janus Capital Group Company Profile

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