According to Zacks, “Janus Capital’s estimates have been stable lately ahead of the company’s third-quarter 2016 earnings release. Recently, the company signed an ‘all-stock merger of equals’ with Henderson Group. Management expects the merger to be accretive to the earnings of both the companies in the first 12 months, excluding one-time cost of $165–185 million. Further, the increased economies of scale are likely to result in improved profitability and greater efficiency. Also, the company remains well positioned for competitive leverage growth, given its best-in-class investment boutique with potential for assets under management (AUM) improvement. However, the company’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”
A number of other equities research analysts also recently weighed in on JNS. Citigroup Inc. raised their target price on Janus Capital Group from $14.00 to $15.00 and gave the company a neutral rating in a report on Wednesday, July 27th. Keefe, Bruyette & Woods raised their target price on Janus Capital Group from $15.00 to $15.50 and gave the company a market perform rating in a report on Wednesday, July 27th. Morgan Stanley reaffirmed a sell rating and issued a $13.00 target price on shares of Janus Capital Group in a report on Thursday, July 28th. Jefferies Group reaffirmed a buy rating on shares of Janus Capital Group in a report on Thursday, August 11th. Finally, Wells Fargo & Co. reaffirmed a market perform rating on shares of Janus Capital Group in a report on Wednesday, October 5th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. Janus Capital Group currently has a consensus rating of Hold and a consensus price target of $14.93.
Janus Capital Group (NYSE:JNS) traded up 2.15% during midday trading on Friday, hitting $14.70. The stock had a trading volume of 1,015,584 shares. Janus Capital Group has a 52 week low of $11.07 and a 52 week high of $16.62. The company’s 50-day moving average price is $14.40 and its 200 day moving average price is $14.56. The company has a market capitalization of $2.61 billion, a PE ratio of 20.19 and a beta of 1.57.
Janus Capital Group (NYSE:JNS) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.01. Janus Capital Group had a return on equity of 9.59% and a net margin of 13.30%. The company had revenue of $251.90 million for the quarter, compared to the consensus estimate of $258.50 million. During the same quarter last year, the business earned $0.24 EPS. Janus Capital Group’s revenue was down 7.4% on a year-over-year basis. On average, analysts expect that Janus Capital Group will post $0.87 EPS for the current year.
In other Janus Capital Group news, 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 stock was sold at an average price of $14.50, for a total transaction of $5,896,555.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 transaction, the chief financial officer now directly owns 128,710 shares in the company, valued at $1,808,375.50. The disclosure for this sale can be found here. Company insiders own 2.08% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Skyline Asset Management LP increased its position in shares of Janus Capital Group by 4.1% in the first quarter. Skyline Asset Management LP now owns 1,402,115 shares of the company’s stock valued at $20,513,000 after buying an additional 55,215 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its position in Janus Capital Group by 5.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 237,131 shares of the company’s stock valued at $3,469,000 after buying an additional 11,660 shares during the period. Envestnet Asset Management Inc. raised its position in Janus Capital Group by 8.4% in the first quarter. Envestnet Asset Management Inc. now owns 84,274 shares of the company’s stock valued at $1,233,000 after buying an additional 6,498 shares during the period. Prudential PLC raised its position in Janus Capital Group by 4.3% in the first quarter. Prudential PLC now owns 1,369,900 shares of the company’s stock valued at $20,042,000 after buying an additional 56,500 shares during the period. Finally, Geode Capital Management LLC raised its position 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 valued at $13,308,000 after buying an additional 13,708 shares during the period. 93.11% 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 and subadvised relationships (collectively referred to as investment products) in both domestic and international markets.
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