Janus Capital Group Inc. (NYSE:JNS)‘s stock had its “hold” rating reaffirmed by investment analysts at Credit Suisse Group AG in a report released on Monday. They currently have a $13.00 price target on the stock. Credit Suisse Group AG’s price target would suggest a potential downside of 8.26% from the company’s previous close.
JNS has been the subject of several other research reports. Wells Fargo & Co. restated a “market perform” rating on shares of Janus Capital Group in a report on Wednesday, October 5th. Zacks Investment Research upgraded Janus Capital Group from a “strong sell” rating to a “hold” rating and set a $16.00 target price for the company in a report on Friday, October 7th. Jefferies Group reiterated a “hold” rating on shares of Janus Capital Group in a report on Wednesday, October 26th. Keefe, Bruyette & Woods set a $15.00 target price on Janus Capital Group and gave the stock a “hold” rating in a report on Friday, October 14th. Finally, Citigroup Inc. boosted their target price on Janus Capital Group from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. One research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and an average target price of $14.50.
Janus Capital Group (NYSE:JNS) traded up 1.21% during mid-day trading on Monday, reaching $14.17. 334,700 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $13.66 and its 200-day moving average price is $14.31. Janus Capital Group has a 52 week low of $11.07 and a 52 week high of $16.62. The company has a market capitalization of $2.50 billion, a P/E ratio of 16.65 and a beta of 1.73.
Janus Capital Group (NYSE:JNS) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01. The company earned $258.90 million during the quarter, compared to analysts’ expectations of $258.29 million. Janus Capital Group had a return on equity of 9.65% and a net margin of 15.47%. The firm’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.22 EPS. On average, equities research analysts expect that Janus Capital Group will post $0.87 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Monday, November 7th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date was Thursday, November 3rd. Janus Capital Group’s payout ratio is 50.57%.
In other Janus Capital Group news, CFO Jennifer J. Mcpeek sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $12.63, for a total value of $63,150.00. Following the transaction, the chief financial officer now directly owns 123,710 shares of the company’s stock, valued at approximately $1,562,457.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.08% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. BlackRock Group LTD raised its position in shares of Janus Capital Group by 16.1% in the first quarter. BlackRock Group LTD now owns 138,727 shares of the company’s stock worth $2,030,000 after buying an additional 19,188 shares during the last quarter. Foundry Partners LLC raised its position in shares of 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. Prudential Financial Inc. raised its position in shares of Janus Capital Group by 30.8% in the first quarter. Prudential Financial Inc. now owns 126,209 shares of the company’s stock worth $1,847,000 after buying an additional 29,747 shares during the last quarter. Smith Asset Management Group LP acquired a new position in shares of Janus Capital Group during the second quarter worth about $2,117,000. Finally, BlackRock Inc. raised its position in shares of Janus Capital Group by 10.4% in the first quarter. BlackRock Inc. now owns 58,925 shares of the company’s stock worth $862,000 after buying an additional 5,532 shares during the last quarter. 94.36% of the stock is currently owned by institutional investors.
About Janus Capital Group