Shares of Janus Capital Group Inc (NYSE:JNS) have earned a consensus rating of “Hold” from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $13.75.
Separately, Zacks Investment Research upgraded shares of Janus Capital Group from a “sell” rating to a “hold” rating in a report on Thursday, April 13th.
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Janus Capital Group (JNS) remained flat at $14.17 during trading on Friday. The firm’s 50-day moving average is $13.76 and its 200-day moving average is $13.29. Janus Capital Group has a 12-month low of $11.95 and a 12-month high of $16.62.
Janus Capital Group (NYSE:JNS) last posted its earnings results on Thursday, April 20th. The asset manager reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.02. Janus Capital Group had a net margin of 14.17% and a return on equity of 8.98%. The firm had revenue of $257.60 million during the quarter, compared to the consensus estimate of $258.10 million. During the same period last year, the firm posted $0.19 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. Equities research analysts anticipate that Janus Capital Group will post $0.96 EPS for the current fiscal year.
In other Janus Capital Group news, SVP Brennan A. Hughes sold 2,100 shares of Janus Capital Group stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $14.34, for a total transaction of $30,114.00. Following the transaction, the senior vice president now directly owns 34,748 shares of the company’s stock, valued at $498,286.32. The sale was disclosed in a filing with the SEC, which is available at this link. 2.08% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of the stock. Tudor Investment Corp Et Al purchased a new stake in Janus Capital Group during the fourth quarter worth about $188,000. Foundry Partners LLC raised its stake in Janus Capital Group by 12.0% in the first quarter. Foundry Partners LLC now owns 662,423 shares of the asset manager’s stock worth $8,744,000 after buying an additional 71,222 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake 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 in the last quarter. Norges Bank purchased a new stake in Janus Capital Group during the fourth quarter worth about $21,471,000. Finally, Marshall Wace LLP raised its stake in Janus Capital Group by 4,868.5% in the fourth quarter. Marshall Wace LLP now owns 848,967 shares of the asset manager’s stock worth $11,265,000 after buying an additional 831,880 shares in the last quarter. Institutional investors own 90.21% of the company’s stock.
About Janus Capital Group
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.
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