Janus Capital Group Inc. (NYSE:JNS)‘s stock had its “sell” rating restated by investment analysts at Morgan Stanley in a note issued to investors on Thursday. They presently have a $13.00 price objective on the stock. Morgan Stanley’s target price would suggest a potential downside of 13.28% from the company’s current price.
Other institutional investors have modified their holdings of the company. Norges Bank acquired a new position in shares of Janus Capital Group during the fourth quarter valued at about $24,192,000. Voya Investment Management LLC increased its position in shares of Janus Capital Group by 88.4% in the fourth quarter. Voya Investment Management LLC now owns 1,400,385 shares of the company’s stock valued at $19,731,000 after buying an additional 657,182 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its position in shares of Janus Capital Group by 31.7% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,567,209 shares of the company’s stock valued at $36,172,000 after buying an additional 617,271 shares during the last quarter. Foundry Partners LLC increased its position in shares of Janus Capital Group by 94.1% in the second quarter. Foundry Partners LLC now owns 866,739 shares of the company’s stock valued at $12,065,000 after buying an additional 420,165 shares during the last quarter. Finally, 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 valued at $9,146,000 after buying an additional 322,642 shares during the last quarter.
In other Janus Capital Group news, SVP Brennan A. Hughes sold 16,461 shares of Janus Capital Group stock in a transaction on Monday, May 23rd. The stock was 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Jennifer J. Mcpeek sold 5,000 shares of Janus Capital Group stock in a transaction on Wednesday, May 4th. The shares were sold at an average price of $14.18, for a total value 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.
Shares of Janus Capital Group (NYSE:JNS) traded down 0.40% on Thursday, reaching $14.93. 2,150,595 shares of the company traded hands. The company has a market capitalization of $2.65 billion and a PE ratio of 20.23. Janus Capital Group has a 52-week low of $11.07 and a 52-week high of $16.56. The firm has a 50-day moving average of $14.43 and a 200-day moving average of $13.95.
Janus Capital Group (NYSE:JNS) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by $0.01. The firm earned $251.90 million during the quarter, compared to the consensus estimate of $258.50 million. The business’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter last year, the business earned $0.24 earnings per share. On average, equities research analysts forecast that Janus Capital Group will post $0.88 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Monday, August 8th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.94%. The ex-dividend date is Thursday, August 4th.
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.
