P Schoenfeld Asset Management LP purchased a new position in shares of Janus Capital Group Inc (NYSE:JNS) during the first quarter, according to its most recent filing with the SEC. The firm purchased 107,244 shares of the asset manager’s stock, valued at approximately $1,416,000. Janus Capital Group makes up about 0.1% of P Schoenfeld Asset Management LP’s holdings, making the stock its 28th largest position. P Schoenfeld Asset Management LP owned approximately 0.06% of Janus Capital Group at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in JNS. Paragon Capital Management Ltd purchased a new stake in shares of Janus Capital Group during the first quarter worth approximately $155,000. Tudor Investment Corp Et Al purchased a new stake in shares of Janus Capital Group during the fourth quarter worth approximately $188,000. First Allied Advisory Services Inc. purchased a new stake in shares of Janus Capital Group during the fourth quarter worth approximately $197,000. Capstone Asset Management Co. boosted 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 worth $217,000 after buying an additional 4,709 shares in the last quarter. Finally, Parkwood LLC purchased a new stake in shares of Janus Capital Group during the first quarter worth approximately $233,000. Hedge funds and other institutional investors own 90.21% of the company’s stock.
Shares of Janus Capital Group Inc (NYSE:JNS) traded up 1.84% during trading on Friday, hitting $14.38. 2,077,502 shares of the stock traded hands. The stock has a market cap of $2.55 billion, a price-to-earnings 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 Inc has a 1-year low of $11.95 and a 1-year high of $16.62.
Janus Capital Group (NYSE:JNS) last posted its quarterly earnings data 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. The firm had revenue of $257.60 million for the quarter, compared to the consensus estimate of $258.10 million. Janus Capital Group had a net margin of 14.17% and a return on equity of 8.98%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.19 EPS. Equities analysts forecast that Janus Capital Group Inc will post $0.97 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 19th. Investors of record on Friday, May 5th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Wednesday, May 3rd. Janus Capital Group’s dividend payout ratio (DPR) is currently 55.70%.
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A number of analysts have commented on JNS shares. Zacks Investment Research upgraded shares of Janus Capital Group from a “sell” rating to a “hold” rating in a research note 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 research note on Wednesday, January 25th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $14.50.
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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