Keefe, Bruyette & Woods Reiterates “Hold” Rating for Janus Capital Group, Inc (JHG)
Janus Capital Group, Inc (NYSE:JHG)‘s stock had its “hold” rating reiterated by equities researchers at Keefe, Bruyette & Woods in a research report issued to clients and investors on Friday. They currently have a $37.00 price target on the stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 1.59% from the company’s previous close.
Other equities analysts have also issued reports about the company. Citigroup Inc. raised Janus Capital Group from a “neutral” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Thursday. Zacks Investment Research lowered Janus Capital Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Wells Fargo & Company started coverage on Janus Capital Group in a research report on Monday, September 25th. They issued a “market perform” rating and a $36.00 target price on the stock. Jefferies Group LLC reissued a “hold” rating and set a $35.00 price target on shares of Janus Capital Group in a research report on Tuesday, September 26th. Finally, ValuEngine raised Janus Capital Group from a “hold” rating to a “buy” rating in a research report on Friday, October 27th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $35.93.
Shares of Janus Capital Group (NYSE:JHG) traded up $1.06 on Friday, hitting $36.42. The company’s stock had a trading volume of 1,196,121 shares, compared to its average volume of 1,078,676. Janus Capital Group has a one year low of $23.90 and a one year high of $36.70. The firm has a market cap of $6,944.07, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 1.15 and a beta of 1.47. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 2.17.
Janus Capital Group (NYSE:JHG) last announced its earnings results on Thursday, November 9th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.04). Janus Capital Group had a net margin of 12.41% and a return on equity of 10.90%. The business had revenue of $454.60 million during the quarter, compared to analyst estimates of $524.44 million. During the same period in the previous year, the company earned $0.52 earnings per share. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. analysts anticipate that Janus Capital Group will post 2.41 earnings per share for the current year.
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Several hedge funds have recently bought and sold shares of the stock. Dai Ichi Life Holdings Inc. acquired a new stake in shares of Janus Capital Group during the 3rd quarter valued at approximately $598,165,000. Citadel Advisors LLC acquired a new stake in shares of Janus Capital Group during the 3rd quarter valued at approximately $487,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Janus Capital Group during the 3rd quarter valued at approximately $917,000. JPMorgan Chase & Co. acquired a new stake in shares of Janus Capital Group during the 3rd quarter valued at approximately $5,399,000. Finally, Legal & General Group Plc acquired a new stake in shares of Janus Capital Group during the 3rd quarter valued at approximately $25,958,000. 47.33% of the stock is currently owned by institutional investors and hedge funds.
Janus Capital Group Company Profile
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.
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