Todays Report: The Janus Capital Group Inc. (JNS) Earns Hold Rating from Keefe, Bruyette & Woods

The Janus Capital Group Inc. (JNS) Earns Hold Rating from Keefe, Bruyette & Woods

Janus Capital Group Inc. (NYSE:JNS)‘s stock had its “hold” rating reaffirmed by equities research analysts at Keefe, Bruyette & Woods in a research report issued on Friday. They presently have a $15.30 target price on the stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 6.99% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Janus Capital Group from a “sell” rating to a “hold” rating in a research note on Friday, July 15th. Citigroup Inc. increased 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. Jefferies Group reaffirmed a “buy” rating on shares of Janus Capital Group in a research note on Thursday, August 11th. Morgan Stanley reaffirmed a “sell” rating and set a $13.00 price target on shares of Janus Capital Group in a research note on Thursday, July 28th. Finally, Wells Fargo & Co. reaffirmed a “market perform” rating on shares of Janus Capital Group in a research note on Wednesday, October 5th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $15.04.

Janus Capital Group (NYSE:JNS) traded down 0.91% during trading on Friday, hitting $14.17. 301,773 shares of the company’s stock traded hands. The stock has a market cap of $2.52 billion, a P/E ratio of 19.46 and a beta of 1.57. The firm’s 50-day moving average price is $14.38 and its 200 day moving average price is $14.56. Janus Capital Group has a 12-month low of $11.07 and a 12-month high of $16.62.

Janus Capital Group (NYSE:JNS) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.01. The firm had revenue of $251.90 million for the quarter, compared to analysts’ expectations of $258.50 million. Janus Capital Group had a net margin of 13.30% and a return on equity of 9.59%. The business’s quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 EPS. Analysts anticipate that Janus Capital Group will post $0.87 earnings per share for the current fiscal year.

In other news, CFO Jennifer J. Mcpeek sold 5,000 shares of the stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $14.05, for a total value of $70,250.00. Following the completion of the sale, the chief financial officer now owns 128,710 shares of the company’s stock, valued at $1,808,375.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Ichi Life Insurance Co. L. Dai sold 406,659 shares of the firm’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 disclosure for this sale can be found here. 2.08% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Profit Investment Management LLC purchased a new stake in Janus Capital Group during the third quarter worth $924,000. North Star Investment Management Corp. raised its stake in Janus Capital Group by 6.7% in the third quarter. North Star Investment Management Corp. now owns 158,652 shares of the company’s stock worth $2,223,000 after buying an additional 10,014 shares during the last quarter. Fisher Asset Management LLC raised its stake in Janus Capital Group by 3.7% in the third quarter. Fisher Asset Management LLC now owns 4,337,537 shares of the company’s stock worth $60,769,000 after buying an additional 154,698 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in Janus Capital Group by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 50,138 shares of the company’s stock worth $702,000 after buying an additional 1,005 shares during the last quarter. Finally, Foundry Partners LLC raised its stake in Janus Capital Group by 7.3% in the third quarter. Foundry Partners LLC now owns 930,294 shares of the company’s stock worth $13,033,000 after buying an additional 63,555 shares during the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

Janus Capital Group Company Profile

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