Published On: Sat, Sep 10th, 2016

Janus Capital Group Inc. (JNS) Sees Strong Trading Volume

Shares of Janus Capital Group Inc. (NYSE:JNS) saw unusually-strong trading volume on Friday . Approximately 2,551,385 shares were traded during trading, an increase of 106% from the previous session’s volume of 1,235,717 shares.The stock last traded at $14.05 and had previously closed at $14.56.
A number of research analysts recently weighed in on JNS shares. Wells Fargo & Co. lowered shares of Janus Capital Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 26th. Zacks Investment Research lowered shares of Janus Capital Group from a “hold” rating to a “sell” rating in a research report on Tuesday, June 14th. Citigroup Inc. raised their price target on shares of Janus Capital Group from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Wednesday, July 27th. Keefe, Bruyette & Woods raised their price target on shares of Janus Capital Group from $15.00 to $15.50 and gave the company a “market perform” rating in a research report on Wednesday, July 27th. Finally, Morgan Stanley reissued a “sell” rating and set a $13.00 price target on shares of Janus Capital Group in a research report on Thursday, July 28th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $14.94.
The firm has a market cap of $2.49 billion, a P/E ratio of 19.30 and a beta of 1.64. The stock’s 50 day moving average is $14.73 and its 200-day moving average is $14.48.

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Janus Capital Group (NYSE:JNS) last released its earnings results on Tuesday, July 26th. The company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.01. The business earned $251.90 million during the quarter, compared to analysts’ expectations of $258.50 million. Janus Capital Group had a return on equity of 9.59% and a net margin of 13.30%. The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 earnings per share. On average, equities research analysts expect that Janus Capital Group Inc. will post $0.88 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 19th. Stockholders of record on Monday, August 8th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend was Thursday, August 4th. Janus Capital Group’s dividend payout ratio is presently 58.67%.
In related news, major shareholder Ichi Life Insurance Co. L. Dai sold 406,659 shares of the stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $14.50, for a total transaction of $5,896,555.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Jennifer J. Mcpeek sold 5,000 shares of the stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $14.60, for a total transaction of $73,000.00. Following the sale, the chief financial officer now directly owns 133,710 shares in the company, valued at $1,952,166. The disclosure for this sale can be found here. 2.08% of the stock is currently owned by insiders.
Janus Capital Group Company Profile
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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