Janus Capital Group, Inc (NYSE:JHG) was upgraded by equities research analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The brokerage currently has a $39.00 target price on the stock. Citigroup Inc.’s price target would indicate a potential upside of 7.08% from the company’s current price.

Several other research firms have also issued reports on JHG. ValuEngine raised Janus Capital Group from a “hold” rating to a “buy” rating in a research note on Friday, October 27th. Bank of America Corporation lifted their price objective on Janus Capital Group from $34.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, August 9th. Deutsche Bank AG started coverage on Janus Capital Group in a research note on Tuesday, October 17th. They set a “hold” rating and a $36.00 price objective for the company. Jefferies Group LLC reissued a “hold” rating and set a $36.00 price objective (up previously from $35.00) on shares of Janus Capital Group in a research note on Tuesday, October 10th. Finally, Zacks Investment Research lowered Janus Capital Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $35.93.

Janus Capital Group (NYSE:JHG) traded up $1.06 during trading on Thursday, hitting $36.42. The stock had a trading volume of 1,196,100 shares, compared to its average volume of 1,078,676. Janus Capital Group has a 52-week low of $23.90 and a 52-week high of $36.70. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $7,090.00, a price-to-earnings ratio of 16.44, a P/E/G ratio of 1.18 and a beta of 2.26.

Janus Capital Group (NYSE:JHG) last posted its quarterly earnings data on Thursday, November 9th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.04). The business had revenue of $454.60 million for the quarter, compared to the consensus estimate of $524.44 million. Janus Capital Group had a net margin of 14.18% and a return on equity of 12.69%. Janus Capital Group’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 EPS. research analysts forecast that Janus Capital Group will post 2.4 earnings per share for the current year.

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A number of hedge funds have recently modified their holdings of JHG. Bartlett & Co. LLC bought a new stake in Janus Capital Group during the third quarter worth about $101,000. First Manhattan Co. bought a new stake in Janus Capital Group during the third quarter worth about $123,000. Trust Co. of Vermont bought a new stake in Janus Capital Group during the third quarter worth about $143,000. Fiduciary Trust Co. bought a new stake in Janus Capital Group during the third quarter worth about $210,000. Finally, Cannell Peter B & Co. Inc. bought a new stake in Janus Capital Group during the third quarter worth about $227,000. 47.33% of the stock is owned by hedge funds and other institutional investors.

About Janus Capital Group

Janus Henderson Group plc is an asset management holding entity. Through its subsidiaries, the firm provides services to institutional, retail clients, and high net worth clients. It manages separate client-focused equity and fixed income portfolios. The firm also manages equity, fixed income, and balanced mutual funds for its clients.

Analyst Recommendations for Janus Capital Group (NYSE:JHG)

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