Comerica Bank boosted its stake in Janus Capital Group Inc (NYSE:JNS) by 5.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 108,343 shares of the company’s stock after buying an additional 5,996 shares during the period. Comerica Bank’s holdings in Janus Capital Group were worth $1,436,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in JNS. Ameriprise Financial Inc. boosted its position in shares of Janus Capital Group by 228.0% in the third quarter. Ameriprise Financial Inc. now owns 1,547,716 shares of the company’s stock valued at $21,684,000 after buying an additional 1,075,849 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Janus Capital Group by 21.7% in the third quarter. JPMorgan Chase & Co. now owns 3,758,866 shares of the company’s stock valued at $52,662,000 after buying an additional 669,076 shares during the last quarter. Heartland Advisors Inc. purchased a new position in shares of Janus Capital Group during the third quarter valued at about $9,034,000. BlackRock Fund Advisors boosted its position in shares of Janus Capital Group by 5.7% in the third quarter. BlackRock Fund Advisors now owns 7,908,867 shares of the company’s stock valued at $110,803,000 after buying an additional 424,623 shares during the last quarter. Finally, CWM LLC boosted its position in shares of Janus Capital Group by 21.1% in the third quarter. CWM LLC now owns 984,492 shares of the company’s stock valued at $13,793,000 after buying an additional 171,760 shares during the last quarter. 90.21% of the stock is currently owned by institutional investors and hedge funds.
Janus Capital Group Inc (NYSE:JNS) opened at 12.86 on Tuesday. The stock has a market capitalization of $2.24 billion, a PE ratio of 16.49 and a beta of 1.60. The stock’s 50 day moving average price is $12.48 and its 200-day moving average price is $13.45. Janus Capital Group Inc has a 52-week low of $11.95 and a 52-week high of $16.62.
Janus Capital Group (NYSE:JNS) last announced its earnings results on Tuesday, January 24th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by $0.04. Janus Capital Group had a return on equity of 8.98% and a net margin of 14.17%. The business had revenue of $251.40 million for the quarter, compared to analyst estimates of $262.36 million. During the same quarter in the previous year, the company posted $0.25 EPS. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. On average, equities analysts expect that Janus Capital Group Inc will post $0.91 EPS for the current fiscal year.
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Several research analysts have 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 research report on Wednesday, January 25th. Zacks Investment Research cut Janus Capital Group from a “hold” rating to a “sell” rating in a research report on Friday, January 27th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Janus Capital Group in a research report on Thursday, January 12th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $14.57.
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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