Janus Capital Group Inc. Forecasted to Earn Q3 2016 Earnings of $0.23 Per Share (JNS)
Janus Capital Group Inc. (NYSE:JNS) – Jefferies Group lifted their Q3 2016 EPS estimates for Janus Capital Group in a research note issued to investors on Tuesday. Jefferies Group analyst D. Fannon now forecasts that the firm will post earnings per share of $0.23 for the quarter, up from their prior forecast of $0.22. Jefferies Group currently has a “Hold” rating and a $16.00 price objective on the stock. Jefferies Group also issued estimates for Janus Capital Group’s FY2016 earnings at $0.87 EPS, Q1 2017 earnings at $0.25 EPS and FY2017 earnings at $1.10 EPS.
Janus Capital Group (NYSE:JNS) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The firm had revenue of $251.90 million for the quarter, compared to analyst estimates of $258.50 million. Janus Capital Group had a return on equity of 9.59% and a net margin of 13.30%. The business’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.24 earnings per share.
Other analysts have also issued reports about the company. Zacks Investment Research lowered Janus Capital Group from a “hold” rating to a “sell” rating in a report on Tuesday, September 27th. Citigroup Inc. boosted their price objective on Janus Capital Group from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, October 5th. Wells Fargo & Co. reissued a “market perform” rating on shares of Janus Capital Group in a report on Wednesday, October 5th. Morgan Stanley reissued a “sell” rating and set a $13.00 price objective on shares of Janus Capital Group in a report on Thursday, July 28th. Finally, Keefe, Bruyette & Woods boosted their price objective on Janus Capital Group from $15.00 to $15.50 and gave the stock a “market perform” rating in a report on Wednesday, July 27th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $15.07.
Shares of Janus Capital Group (NYSE:JNS) opened at 14.30 on Wednesday. The firm has a market capitalization of $2.54 billion, a PE ratio of 19.64 and a beta of 1.57. Janus Capital Group has a 12-month low of $11.07 and a 12-month high of $16.62. The company’s 50-day moving average price is $14.38 and its 200 day moving average price is $14.56.
In related news, CFO Jennifer J. Mcpeek sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $14.60, for a total value of $73,000.00. Following the transaction, the chief financial officer now owns 133,710 shares in the company, valued at $1,952,166. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Ichi Life Insurance Co. L. Dai sold 406,659 shares of the company’s stock in a transaction that occurred on 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.
A number of institutional investors have recently bought and sold shares of the stock. Aperio Group LLC increased its position in Janus Capital Group by 20.2% in the first quarter. Aperio Group LLC now owns 73,248 shares of the company’s stock valued at $1,072,000 after buying an additional 12,319 shares during the last quarter. Ngam Advisors L.P. increased its position in Janus Capital Group by 51.3% in the first quarter. Ngam Advisors L.P. now owns 33,191 shares of the company’s stock valued at $486,000 after buying an additional 11,252 shares during the last quarter. Prudential Financial Inc. increased its position in Janus Capital Group by 30.8% in the first quarter. Prudential Financial Inc. now owns 126,209 shares of the company’s stock valued at $1,847,000 after buying an additional 29,747 shares during the last quarter. BlackRock Inc. increased its position in Janus Capital Group by 10.4% in the first quarter. BlackRock Inc. now owns 58,925 shares of the company’s stock valued at $862,000 after buying an additional 5,532 shares during the last quarter. Finally, BlackRock Group LTD increased its position in Janus Capital Group by 16.1% in the first quarter. BlackRock Group LTD now owns 138,727 shares of the company’s stock valued at $2,030,000 after buying an additional 19,188 shares during the last quarter. Institutional investors and hedge funds own 93.11% of the company’s stock.
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 and subadvised relationships (collectively referred to as investment products) in both domestic and international markets.
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