ValuEngine upgraded shares of Janus Capital Group, Inc (NYSE:JHG) from a hold rating to a buy rating in a research note published on Friday, October 27th.
A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded Janus Capital Group from a strong-buy rating to a hold rating in a research report on Tuesday, October 24th. Deutsche Bank AG began coverage on Janus Capital Group in a research report on Tuesday, October 17th. They issued a hold rating and a $36.00 target price for the company. Keefe, Bruyette & Woods restated a hold rating and issued a $37.00 target price on shares of Janus Capital Group in a research report on Thursday, October 12th. Jefferies Group LLC restated a hold rating and issued a $36.00 target price (up from $35.00) on shares of Janus Capital Group in a research report on Tuesday, October 10th. Finally, Wells Fargo & Company assumed 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 for the company. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $35.93.
Janus Capital Group (NYSE JHG) traded up $1.06 on Friday, reaching $36.42. The company’s stock had a trading volume of 1,196,100 shares, compared to its average volume of 353,655. The firm has a market capitalization of $7,298.79, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 1.22 and a beta of 1.47. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.17 and a quick ratio of 1.48. Janus Capital Group has a 12-month low of $23.90 and a 12-month high of $36.70.
Janus Capital Group (NYSE:JHG) last released its earnings results on Thursday, November 9th. The company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.04). The firm had revenue of $454.60 million during the quarter, compared to analyst estimates of $524.44 million. Janus Capital Group had a return on equity of 12.69% and a net margin of 14.18%. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the company earned $0.52 earnings per share. research analysts predict that Janus Capital Group will post 2.39 earnings per share for the current fiscal year.
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The business also recently declared a dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 20th will be paid a $0.32 dividend. The ex-dividend date is Friday, November 17th. Janus Capital Group’s dividend payout ratio (DPR) is presently 257.63%.
Several hedge funds and other institutional investors have recently bought and sold shares of JHG. Bartlett & Co. LLC acquired a new position in shares of Janus Capital Group in the third quarter worth $101,000. First Manhattan Co. acquired a new position in Janus Capital Group during the third quarter worth $123,000. Trust Co. of Vermont acquired a new position in Janus Capital Group during the third quarter worth $143,000. Fiduciary Trust Co. acquired a new position in Janus Capital Group during the third quarter worth $210,000. Finally, Cannell Peter B & Co. Inc. acquired a new position in Janus Capital Group during the third quarter worth $227,000. 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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