The stock of Janus Capital Group Inc (NYSE:JNS) is a huge mover today! About 8.06M shares traded hands or 534.65% up from the average. Janus Capital Group Inc (NYSE:JNS) has risen 8.35% since February 29, 2016 and is uptrending. It has underperformed by 3.86% the S&P500.
The move comes after 5 months positive chart setup for the $2.95B company. It was reported on Oct, 3 by Barchart.com. We have $23.46 PT which if reached, will make NYSE:JNS worth $1.42 billion more.
Analysts await Janus Capital Group Inc (NYSE:JNS) to report earnings on October, 27. They expect $0.23 EPS, up 4.55% or $0.01 from last year’s $0.22 per share. JNS’s profit will be $42.81M for 17.23 P/E if the $0.23 EPS becomes a reality. After $0.21 actual EPS reported by Janus Capital Group Inc for the previous quarter, Wall Street now forecasts 9.52% EPS growth.
Janus Capital Group Inc (NYSE:JNS) Ratings Coverage
Out of 6 analysts covering Janus Capital Group (NYSE:JNS), 1 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 17% are positive. Janus Capital Group has been the topic of 15 analyst reports since September 3, 2015 according to StockzIntelligence Inc. The rating was maintained by Citigroup on Wednesday, July 27 with “Neutral”. Jefferies maintained the stock with “Buy” rating in Friday, October 23 report. The rating was downgraded by Wells Fargo on Thursday, May 12 to “Market Perform”. The rating was maintained by Wood on Thursday, September 3 with “Market Perform”. Jefferies maintained the shares of JNS in a report on Wednesday, October 7 with “Buy” rating. JP Morgan downgraded the stock to “Neutral” rating in Wednesday, January 13 report. Goldman Sachs downgraded the stock to “Neutral” rating in Monday, January 11 report. The stock of Janus Capital Group Inc (NYSE:JNS) earned “Underweight” rating by Morgan Stanley on Monday, September 21.
According to Zacks Investment Research, “Janus Capital Group Inc. is a leading asset manager offering individual investors and institutional clients complementary asset management disciplines through the firm’s global distribution network. Janus Capital Group consists of Janus Capital Management LLC, Berger Financial Group LLC, Enhanced Investment Technologies LLC and Bay Isle Financial LLC.”
Insitutional Activity: The institutional sentiment increased to 1.03 in 2016 Q2. Its up 0.12, from 0.91 in 2016Q1. The ratio increased, as 20 funds sold all Janus Capital Group Inc shares owned while 67 reduced positions. 17 funds bought stakes while 73 increased positions. They now own 170.15 million shares or 1.62% less from 172.95 million shares in 2016Q1.
The Illinois-based Deere & has invested 0.01% in Janus Capital Group Inc (NYSE:JNS). The Minnesota-based Foundry Prns Ltd Liability Com has invested 0.68% in Janus Capital Group Inc (NYSE:JNS). Goldman Sachs Grp accumulated 217,194 shares or 0% of the stock. Anchor Advsrs holds 2.50M shares or 0.88% of its portfolio. Swiss Retail Bank last reported 255,300 shares in the company. The New York-based Olstein Mgmt L P has invested 1.84% in Janus Capital Group Inc (NYSE:JNS). Northern Trust Corp reported 3.71M shares or 0.02% of all its holdings. Victory Capital Mngmt last reported 0.16% of its portfolio in the stock. Security National Tru reported 600 shares or 0% of all its holdings. New York State Teachers Retirement accumulated 0.01% or 301,056 shares. Moreover, Barclays Public Limited Company has 0% invested in Janus Capital Group Inc (NYSE:JNS) for 9,461 shares. Parametric Port Associates Ltd Liability Corp last reported 382,065 shares in the company. Natl Bank Of Montreal Can owns 84,911 shares or 0% of their US portfolio. Cohen Klingenstein Limited Liability Company has 52,800 shares for 0.14% of their US portfolio. Moreover, Legal & General Group Public Limited Company has 0% invested in Janus Capital Group Inc (NYSE:JNS) for 95,355 shares.
Insider Transactions: Since May 4, 2016, the stock had 0 insider buys, and 6 insider sales for $6.42 million net activity. McPeek Jennifer J had sold 5,000 shares worth $70,900 on Wednesday, May 4. 406,659 Janus Capital Group Inc (NYSE:JNS) shares with value of $5.90M were sold by DAI ICHI LIFE INSURANCE CO. – LTD.. Another trade for 16,461 shares valued at $239,343 was made by Hughes Brennan A. on Monday, May 23.
More news for Janus Capital Group Inc (NYSE:JNS) were recently published by: Reuters.com, which released: “BRIEF-Janus Capital Group Inc, Henderson Group agree to merge” on October 03, 2016. Benzinga.com‘s article titled: “Benzinga’s Volume Movers” and published on October 03, 2016 is yet another important article.
JNS Company Profile
Janus Capital Group Inc., incorporated on January 23, 1998, 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. The Firm operates through investment management business segment. The Firm provides investment management solutions across a range of disciplines, including fundamental the United States and global equities (growth and value), mathematical equities, fixed income and alternatives, through its subsidiaries, Janus Capital Management LLC (Janus), INTECH Investment Management LLC (INTECH), Perkins Investment Management LLC (Perkins), VS Holdings, Inc. (VelocityShares) and Kapstream Capital Pty Limited (Kapstream).
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