BlackRock Inc. Acquires 15,421,021 Shares of Janus Capital Group Inc (NYSE:JNS)

BlackRock Inc. raised its position in shares of Janus Capital Group Inc (NYSE:JNS) by 15,903.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,517,989 shares of the asset manager’s stock after buying an additional 15,421,021 shares during the period. BlackRock Inc. owned about 8.75% of Janus Capital Group worth $204,838,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in JNS. Janney Montgomery Scott LLC boosted its stake in shares of 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. Sit Investment Associates Inc. boosted its stake in shares of Janus Capital Group by 458.8% in the first quarter. Sit Investment Associates Inc. now owns 45,400 shares of the asset manager’s stock worth $599,000 after buying an additional 37,275 shares during the last quarter. Havens Advisors LLC acquired a new stake in shares of Janus Capital Group during the first quarter worth about $1,461,000. Retirement Systems of Alabama boosted its stake in shares of Janus Capital Group by 0.9% in the first quarter. Retirement Systems of Alabama now owns 185,588 shares of the asset manager’s stock worth $2,450,000 after buying an additional 1,649 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in shares of 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 owned by institutional investors.

Janus Capital Group Inc (NYSE JNS) opened at 14.17 on Tuesday. Janus Capital Group Inc has a 1-year low of $11.95 and a 1-year high of $16.62. The company has a 50-day moving average price of $13.76 and a 200-day moving average price of $13.29.

Janus Capital Group (NYSE:JNS) last issued its earnings results on Thursday, April 20th. The asset manager reported $0.23 EPS for the quarter, topping the consensus estimate of $0.21 by $0.02. Janus Capital Group had a return on equity of 7.26% and a net margin of 12.54%. The business had revenue of $257.60 million during the quarter, compared to the consensus estimate of $258.10 million. During the same quarter last year, the company earned $0.19 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. On average, equities research analysts predict that Janus Capital Group Inc will post $0.96 earnings per share for the current fiscal year.

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Separately, Zacks Investment Research raised Janus Capital Group from a “sell” rating to a “hold” rating in a research note on Thursday, April 13th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Janus Capital Group has an average rating of “Hold” and a consensus target price of $14.50.

In other Janus Capital Group news, SVP Brennan A. Hughes sold 2,100 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $14.34, for a total value of $30,114.00. Following the completion of the transaction, the senior vice president now owns 34,748 shares in the company, valued at approximately $498,286.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.08% of the stock is owned by company insiders.

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.

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

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