Janus Capital Group Inc. (NYSE:JNS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “Janus Capital's profitability remains challenged by weak flows and negative performance fees. Moreover, the company’s equity-heavy portfolio makes it vulnerable to the equity market volatilities. Additionally, given its continued investments in several business areas, we believe the company’s expense base to remain under pressure. For 2016, the company expects 10% year-over-year increase in marketing and advertising expense. However, Janus Capital remains well positioned for competitive leverage growth, given its best-in-class investment boutique with potential for assets under management (AUM) improvement. Also, the company has been able to undertake the strategic investments that continue to support its growth profile.”
Several other research analysts have also issued reports on JNS. Morgan Stanley restated a “sell” rating and issued a $13.00 price target on shares of Janus Capital Group in a research report on Thursday, July 28th. Keefe, Bruyette & Woods raised their price target on Janus Capital Group from $15.00 to $15.50 and gave the stock a “market perform” rating in a research report on Wednesday, July 27th. Jefferies Group restated a “buy” rating on shares of Janus Capital Group in a research report on Thursday, August 11th. Finally, Citigroup Inc. raised their price target on Janus Capital Group from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Janus Capital Group has an average rating of “Hold” and a consensus price target of $14.94.
Janus Capital Group (NYSE:JNS) remained flat at $13.78 during trading on Tuesday. The company had a trading volume of 371,764 shares. The stock has a market cap of $2.45 billion, a P/E ratio of 18.93 and a beta of 1.64. The firm’s 50 day moving average price is $14.46 and its 200 day moving average price is $14.54. Janus Capital Group has a 1-year low of $11.07 and a 1-year high of $16.06.
Janus Capital Group (NYSE:JNS) last released its earnings results on Tuesday, July 26th. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The firm earned $251.90 million during the quarter, compared to analyst estimates of $258.50 million. Janus Capital Group had a net margin of 13.30% and a return on equity of 9.59%. The firm’s quarterly revenue was down 7.4% on a year-over-year basis. During the same period last year, the business posted $0.24 earnings per share. Equities analysts forecast that Janus Capital Group will post $0.88 earnings per share for the current fiscal year.
In related news, CFO Jennifer J. Mcpeek sold 5,000 shares of Janus Capital Group stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $14.05, for a total value of $70,250.00. Following the sale, the chief financial officer now owns 128,710 shares of the company’s stock, valued at $1,808,375.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Ichi Life Insurance Co. L. Dai sold 406,659 shares of Janus Capital Group stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $14.50, for a total value of $5,896,555.50. The disclosure for this sale can be found here. 2.08% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC bought a new stake in Janus Capital Group during the first quarter worth about $3,813,000. Prudential PLC increased its stake in Janus Capital Group by 4.3% in the first quarter. Prudential PLC now owns 1,369,900 shares of the company’s stock worth $20,042,000 after buying an additional 56,500 shares in the last quarter. Geode Capital Management LLC increased its stake in Janus Capital Group by 1.5% in the first quarter. Geode Capital Management LLC now owns 909,658 shares of the company’s stock worth $13,308,000 after buying an additional 13,708 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Janus Capital Group by 11.8% in the first quarter. JPMorgan Chase & Co. now owns 2,598,560 shares of the company’s stock worth $38,016,000 after buying an additional 275,055 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in Janus Capital Group by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,300,505 shares of the company’s stock worth $62,916,000 after buying an additional 30,249 shares in the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.
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 and subadvised relationships (collectively referred to as investment products) in both domestic and international markets.
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