Shares of Janus Capital Group Inc (NYSE:JNS) have been assigned a consensus rating of “Hold” from the eight brokerages that are covering the firm. One equities research analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $13.75.
A number of analysts have recently issued reports on JNS shares. Morgan Stanley set a $13.00 target price on Janus Capital Group and gave the stock a “sell” rating in a report on Wednesday, January 25th. Zacks Investment Research cut Janus Capital Group from a “hold” rating to a “sell” rating in a report on Friday, January 27th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of Janus Capital Group in a report on Thursday, January 12th.
Shares of Janus Capital Group (NYSE:JNS) traded down 0.53% during trading on Friday, hitting $13.15. 2,331,892 shares of the company’s stock were exchanged. The company has a 50-day moving average of $12.84 and a 200-day moving average of $13.25. Janus Capital Group has a 12-month low of $11.95 and a 12-month high of $16.62. The company has a market cap of $2.29 billion, a P/E ratio of 16.86 and a beta of 1.60.
Janus Capital Group (NYSE:JNS) last issued its earnings results on Thursday, April 20th. The asset manager reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business earned $257.60 million during the quarter, compared to analysts’ expectations of $258.10 million. During the same quarter in the previous year, the business earned $0.19 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities analysts expect that Janus Capital Group will post $0.93 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, May 19th. Shareholders of record on Friday, May 5th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Wednesday, May 3rd. Janus Capital Group’s dividend payout ratio is presently 55.70%.
A number of large investors have recently modified their holdings of the company. LS Investment Advisors LLC raised its stake in shares of Janus Capital Group by 5.1% in the third quarter. LS Investment Advisors LLC now owns 9,317 shares of the asset manager’s stock valued at $131,000 after buying an additional 453 shares in the last quarter. Connable Office Inc. bought a new stake in shares of Janus Capital Group during the third quarter valued at $174,000. Tudor Investment Corp Et Al bought a new stake in shares of Janus Capital Group during the fourth quarter valued at $188,000. First Allied Advisory Services Inc. bought a new stake in shares of Janus Capital Group during the fourth quarter valued at $197,000. Finally, Capstone Asset Management Co. raised its stake in shares of Janus Capital Group by 40.2% in the first quarter. Capstone Asset Management Co. now owns 16,436 shares of the asset manager’s stock valued at $217,000 after buying an additional 4,709 shares in the last quarter. 90.21% of the stock is currently owned by hedge funds and other institutional investors.
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.
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