Janus Capital Group Inc. (JNS) Sees Strong Trading Volume
Janus Capital Group Inc. (NYSE:JNS) saw strong trading volume on Wednesday . 1,245,273 shares were traded during mid-day trading, a decline of 20% from the previous session’s volume of 1,553,290 shares.The stock last traded at $14.71 and had previously closed at $14.77.
A number of equities analysts have recently commented on the company. Morgan Stanley restated a “sell” rating on shares of Janus Capital Group in a report on Wednesday, April 27th. Wells Fargo & Co. downgraded Janus Capital Group from an “outperform” rating to a “market perform” rating in a report on Thursday, May 26th. Zacks Investment Research downgraded Janus Capital Group from a “hold” rating to a “sell” rating in a report on Tuesday, June 14th. Finally, Sandler O’Neill raised their price objective on Janus Capital Group from $13.00 to $15.00 in a report on Tuesday, April 12th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Janus Capital Group has a consensus rating of “Hold” and a consensus target price of $14.81.
The firm has a market cap of $2.65 billion and a P/E ratio of 19.57. The stock has a 50 day moving average of $14.49 and a 200-day moving average of $13.87.
Janus Capital Group (NYSE:JNS) last posted its quarterly earnings results on Tuesday, April 26th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by $0.01. The company earned $248.50 million during the quarter, compared to analysts’ expectations of $256.28 million. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 earnings per share. Analysts anticipate that Janus Capital Group Inc. will post $0.89 earnings per share for the current fiscal year.
In other Janus Capital Group news, CFO Jennifer J. Mcpeek sold 5,000 shares of the business’s stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $14.52, for a total value of $72,600.00. Following the transaction, the chief financial officer now owns 141,700 shares in the company, valued at $2,057,484. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Brennan A. Hughes sold 16,461 shares of the business’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $14.54, for a total value of $239,342.94. Following the completion of the transaction, the senior vice president now owns 35,362 shares in the company, valued at approximately $514,163.48. The disclosure for this sale can be found here.
Other hedge funds and institutional investors have recently modified their holdings of the company. Morgan Stanley increased its position in shares of Janus Capital Group by 98.8% in the fourth quarter. Morgan Stanley now owns 649,061 shares of the company’s stock worth $9,146,000 after buying an additional 322,642 shares during the period. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Janus Capital Group during the fourth quarter worth approximately $3,172,000. Sei Investments Co. increased its position in shares of Janus Capital Group by 1,859,850.0% in the fourth quarter. Sei Investments Co. now owns 148,796 shares of the company’s stock worth $2,096,000 after buying an additional 148,788 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Janus Capital Group by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,479,761 shares of the company’s stock worth $119,481,000 after buying an additional 83,537 shares during the period. Finally, Liberty Mutual Group Asset Management Inc. increased its position in shares of Janus Capital Group by 51.3% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 95,059 shares of the company’s stock worth $1,341,000 after buying an additional 32,251 shares during the period.
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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