The Tealwood Asset Management Inc. Raises it position for Janus Capital Group Inc. (JNS)

The Tealwood Asset Management Inc. Raises it position for Janus Capital Group Inc. (JNS)

Tealwood Asset Management Inc. boosted its stake in Janus Capital Group Inc. (NYSE:JNS) by 2.0% during the second quarter, Holdings Channel reports. The firm owned 251,426 shares of the company’s stock after buying an additional 4,980 shares during the period. Janus Capital Group makes up about 1.6% of Tealwood Asset Management Inc.’s portfolio, making the stock its 24th largest position. Tealwood Asset Management Inc.’s holdings in Janus Capital Group were worth $3,500,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Foundry Partners LLC raised its stake in Janus Capital Group by 94.1% in the second quarter. Foundry Partners LLC now owns 866,739 shares of the company’s stock worth $12,065,000 after buying an additional 420,165 shares during the period. JPMorgan Chase & Co. raised its stake in Janus Capital Group by 11.8% in the first quarter. JPMorgan Chase & Co. now owns 2,598,560 shares of the company’s stock worth $38,016,000 after buying an additional 275,055 shares during the period. CWM LLC raised its stake in Janus Capital Group by 25.8% in the second quarter. CWM LLC now owns 812,732 shares of the company’s stock worth $11,313,000 after buying an additional 166,863 shares during the period. Smith Asset Management Group LP bought a new stake in Janus Capital Group during the second quarter worth $2,117,000. Finally, Fisher Asset Management LLC raised its stake in Janus Capital Group by 2.6% in the second quarter. Fisher Asset Management LLC now owns 4,182,839 shares of the company’s stock worth $60,024,000 after buying an additional 105,890 shares during the period. 93.11% of the stock is owned by hedge funds and other institutional investors.

Janus Capital Group Inc. (NYSE:JNS) traded down 0.63% on Friday, hitting $14.21. The company’s stock had a trading volume of 984,360 shares. Janus Capital Group Inc. has a 12 month low of $11.07 and a 12 month high of $16.62. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 19.52 and a beta of 1.57. The firm has a 50 day moving average of $14.38 and a 200 day moving average of $14.56.

Janus Capital Group (NYSE:JNS) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.21 earnings per share for the quarter, missing the Zacks’ 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 company’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.24 EPS. Equities research analysts forecast that Janus Capital Group Inc. will post $0.87 earnings per share for the current fiscal year.

JNS has been the subject of a number of recent research reports. Zacks Investment Research lowered Janus Capital Group from a “hold” rating to a “sell” rating in a research note on Tuesday, September 27th. Citigroup Inc. boosted their target price 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. Wells Fargo & Co. reissued a “market perform” rating on shares of Janus Capital Group in a research note on Wednesday, October 5th. Jefferies Group lowered Janus Capital Group from a “buy” rating to a “hold” rating and set a $16.00 price target for the company. in a research report on Tuesday, October 4th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $15.30 price target on shares of Janus Capital Group in a research report on Friday. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Janus Capital Group presently has a consensus rating of “Hold” and a consensus target price of $15.04.

In related news, major shareholder Ichi Life Insurance Co. L. Dai sold 406,659 shares of Janus Capital Group stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $14.50, for a total value of $5,896,555.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jennifer J. Mcpeek sold 5,000 shares of Janus Capital Group stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $14.60, for a total value of $73,000.00. Following the completion of the transaction, the chief financial officer now owns 133,710 shares of the company’s stock, valued at approximately $1,952,166. The disclosure for this sale can be found here. Insiders own 2.08% of the company’s stock.

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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