Janus Capital Group Inc. (NYSE:JNS) had its target price increased by research analysts at Keefe, Bruyette & Woods from $15.00 to $15.50 in a research note issued to investors on Wednesday. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 3.40% from the stock’s previous close.
Several hedge funds and institutional investors have recently modified their holdings of the company. LS Investment Advisors LLC increased its position in shares of Janus Capital Group by 73.6% in the second quarter. LS Investment Advisors LLC now owns 8,864 shares of the company’s stock worth $123,000 after buying an additional 3,757 shares during the period. Capital Fund Management S.A. purchased a new position in shares of Janus Capital Group during the second quarter worth $382,000. Ngam Advisors L.P. increased its position in shares of Janus Capital Group by 51.3% in the first quarter. Ngam Advisors L.P. now owns 33,191 shares of the company’s stock worth $486,000 after buying an additional 11,252 shares during the period. Pacad Investment Ltd. increased its position in shares of Janus Capital Group by 20.3% in the first quarter. Pacad Investment Ltd. now owns 40,350 shares of the company’s stock worth $590,000 after buying an additional 6,812 shares during the period. Finally, Ramsey Quantitative Systems increased its position in shares of Janus Capital Group by 5.5% in the first quarter. Ramsey Quantitative Systems now owns 40,608 shares of the company’s stock worth $594,000 after buying an additional 2,106 shares during the period.
Janus Capital Group (NYSE:JNS) traded up 0.54% during midday trading on Wednesday, reaching $14.99. The company’s stock had a trading volume of 2,403,245 shares. The stock has a market cap of $2.67 billion and a price-to-earnings ratio of 19.72. Janus Capital Group has a one year low of $11.07 and a one year high of $16.56. The stock’s 50 day moving average price is $14.43 and its 200-day moving average price is $13.94.
JNS has been the topic of several other reports. Zacks Investment Research lowered shares of Janus Capital Group from a “hold” rating to a “sell” rating in a report on Tuesday, June 14th. Wells Fargo & Co. lowered shares of Janus Capital Group from an “outperform” rating to a “market perform” rating in a report on Thursday, May 12th. Sandler O’Neill lifted their price target on shares of Janus Capital Group from $13.00 to $15.00 in a report on Tuesday, April 12th. Citigroup Inc. lifted their price target on shares of Janus Capital Group from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Morgan Stanley reissued a “sell” rating on shares of Janus Capital Group in a report on Wednesday, April 27th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Janus Capital Group currently has an average rating of “Hold” and an average target price of $14.81.
In other Janus Capital Group news, SVP Brennan A. Hughes sold 16,461 shares of the company’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 $514,163.48. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Jennifer J. Mcpeek sold 5,000 shares of the company’s stock in a transaction dated Wednesday, May 4th. The stock was sold at an average price of $14.18, for a total transaction of $70,900.00. Following the completion of the transaction, the chief financial officer now owns 146,700 shares of the company’s stock, valued at approximately $2,080,206. The disclosure for this sale can be found here.
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.
