Gluskin Sheff & Assoc Inc. Invests $15.982 Million in Janus Capital Group Inc (JNS)

Gluskin Sheff & Assoc Inc. bought a new position in Janus Capital Group Inc (NYSE:JNS) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 857,090 shares of the asset manager’s stock, valued at approximately $15,982,000. Gluskin Sheff & Assoc Inc. owned approximately 0.48% of Janus Capital Group at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Investment Management Company LLC boosted its position in Janus Capital Group by 0.9% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 24,774 shares of the asset manager’s stock worth $327,000 after buying an additional 226 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Janus Capital Group by 1.2% in the first quarter. Janney Montgomery Scott LLC now owns 55,413 shares of the asset manager’s stock worth $731,000 after buying an additional 676 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in Janus Capital Group by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 50,838 shares of the asset manager’s stock worth $671,000 after buying an additional 700 shares during the last quarter. State Treasurer State of Michigan boosted its position in Janus Capital Group by 1.7% in the first quarter. State Treasurer State of Michigan now owns 58,400 shares of the asset manager’s stock worth $771,000 after buying an additional 1,000 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in Janus Capital Group by 3.1% in the first quarter. Louisiana State Employees Retirement System now owns 36,300 shares of the asset manager’s stock worth $479,000 after buying an additional 1,100 shares during the last quarter. 90.21% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Janus Capital Group (NYSE:JNS)

Janus Capital Group Inc (NYSE:JNS) traded up 1.84% during mid-day trading on Friday, reaching $14.38. 2,077,502 shares of the company traded hands. Janus Capital Group Inc has a 52-week low of $11.95 and a 52-week high of $16.62. The company has a market capitalization of $2.55 billion, a P/E ratio of 18.92 and a beta of 1.60. The stock has a 50 day moving average price of $13.58 and a 200-day moving average price of $13.22.

Janus Capital Group (NYSE:JNS) last posted its quarterly earnings data on Thursday, April 20th. The asset manager reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. Janus Capital Group had a return on equity of 8.98% and a net margin of 14.17%. The company had revenue of $257.60 million during the quarter, compared to analysts’ expectations of $258.10 million. During the same period in the prior year, the business earned $0.19 earnings per share. Janus Capital Group’s revenue for the quarter was up 3.7% compared to the same quarter last year. Analysts expect that Janus Capital Group Inc will post $0.97 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 19th. Stockholders of record on Friday, May 5th will be given a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, May 3rd. This represents a $0.44 annualized dividend and a dividend yield of 3.12%. Janus Capital Group’s dividend payout ratio is 55.70%.

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JNS has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Janus Capital Group from a “sell” rating to a “hold” rating in a report on Thursday, April 13th. Morgan Stanley set a $13.00 price target on shares of Janus Capital Group and gave the company a “sell” rating in a report on Wednesday, January 25th. One equities 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 has a consensus rating of “Hold” and a consensus target price of $14.50.

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, exchange-traded products (ETPs) and subadvised relationships (collectively referred to as investment products) in both domestic and international markets.

12 Month Chart for NYSE:JNS

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