Notable Runner: Janus Capital Group Inc’s Stock Is Buy After Achieving 52-Week High

Notable Runner: Janus Capital Group Inc's Stock Is Buy After Achieving 52 Week High

The stock of Janus Capital Group Inc (NYSE:JNS) hit a new 52-week high and has $20.54 target or 28.00% above today’s $16.05 share price. The 9 months bullish chart indicates low risk for the $2.99B company. The 1-year high was reported on Oct, 3 by If the $20.54 price target is reached, the company will be worth $837.20 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 4.59M shares traded hands or 261.42% 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.

Analysts await Janus Capital Group Inc (NYSE:JNS) to report earnings on October, 27. They expect $0.23 earnings per share, up 4.55% or $0.01 from last year’s $0.22 per share. JNS’s profit will be $42.85 million for 17.45 P/E if the $0.23 EPS becomes a reality. After $0.21 actual earnings per share 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 stock has “Market Perform” rating given by Wells Fargo on Thursday, May 12. Goldman Sachs downgraded the shares of JNS in a report on Monday, January 11 to “Neutral” rating. Jefferies maintained Janus Capital Group Inc (NYSE:JNS) rating on Wednesday, October 7. Jefferies has “Buy” rating and $17 price target. Jefferies maintained the shares of JNS in a report on Friday, October 23 with “Buy” rating. Morgan Stanley downgraded the stock to “Underweight” rating in Monday, September 21 report. The rating was maintained by Citigroup with “Neutral” on Wednesday, July 27. The stock has “Market Perform” rating given by Wood on Thursday, September 3. The stock of Janus Capital Group Inc (NYSE:JNS) earned “Neutral” rating by JP Morgan on Wednesday, January 13.

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.
Shine Invest Advisory last reported 245,428 shares in the company. First Personal Services has 535 shares for 0% of their US portfolio. The Louisiana-based Louisiana State Employees Retirement Systems has invested 0.03% in Janus Capital Group Inc (NYSE:JNS). Fiera Cap Corporation last reported 834,837 shares in the company. First Manhattan last reported 0% of its portfolio in the stock. Grantham Mayo Van Otterloo And Ltd Liability Corp accumulated 267,546 shares or 0.02% of the stock. Commonwealth Of Pennsylvania School Empls Retrmt Sys last reported 28,074 shares in the company. Schwab Charles Mgmt Inc has invested 0.02% of its portfolio in Janus Capital Group Inc (NYSE:JNS). Klingenstein Fields & Limited Liability Company has 40,000 shares for 0.03% of their US portfolio. Credit Agricole S A accumulated 0% or 55,909 shares. Dimensional Fund Advsrs L P reported 9.58M shares or 0.08% of all its holdings. Principal Financial Grp holds 0.01% of its portfolio in Janus Capital Group Inc (NYSE:JNS) for 554,552 shares. Cipher L P accumulated 184,151 shares or 0.18% of the stock. The Ontario – Canada-based Manufacturers Life Insur The has invested 0.01% in Janus Capital Group Inc (NYSE:JNS). Creative Planning holds 0% of its portfolio in Janus Capital Group Inc (NYSE:JNS) for 2,471 shares.

Insider Transactions: Since May 4, 2016, the stock had 0 insider buys, and 6 sales for $6.42 million net activity. McPeek Jennifer J also sold $70,900 worth of Janus Capital Group Inc (NYSE:JNS) shares. On Monday, May 23 the insider Hughes Brennan A. sold $239,343. The insider DAI ICHI LIFE INSURANCE CO. – LTD. sold $5.90 million.

Another recent and important Janus Capital Group Inc (NYSE:JNS) news was published by which published an article titled: “BRIEF-Janus Capital Group Inc, Henderson Group agree to merge” on October 03, 2016.

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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