The stock of Janus Capital Group Inc (NYSE:JNS) gapped up by $1.41 today and has $24.96 target or 59.00% above today’s $15.70 share price. The 6 months technical chart setup indicates low risk for the $2.93 billion company. The gap was reported on Oct, 4 by Barchart.com. If the $24.96 price target is reached, the company will be worth $1.73 billion more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock increased 12.06% or $1.69 during the last trading session, hitting $15.7. About 17.56 million shares traded hands or 1282.68% up from the average. Janus Capital Group Inc (NYSE:JNS) has risen 15.95% since March 1, 2016 and is uptrending. It has outperformed by 3.74% the S&P500.
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 $42.92M for 17.07 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 stock has “Neutral” rating given by Citigroup on Wednesday, July 27. Morgan Stanley downgraded Janus Capital Group Inc (NYSE:JNS) on Monday, September 21 to “Underweight” rating. The company was downgraded on Monday, January 11 by Goldman Sachs. The firm has “Market Perform” rating given on Thursday, September 3 by Wood. The company was downgraded on Thursday, May 12 by Wells Fargo. Jefferies maintained the shares of JNS in a report on Friday, October 23 with “Buy” rating. The firm has “Neutral” rating by JP Morgan given on Wednesday, January 13. The stock of Janus Capital Group Inc (NYSE:JNS) has “Buy” rating given on Wednesday, October 7 by Jefferies.
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 is positive, 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.
Credit Suisse Ag last reported 0% of its portfolio in the stock. Swiss Financial Bank owns 255,300 shares or 0.01% of their US portfolio. Sei Communication holds 148,796 shares or 0.01% of its portfolio. Skyline Asset Mngmt L P has 1.44% invested in the company for 1.40 million shares. Weaver C Barksdale And Associates has 0.01% invested in the company for 318 shares. The Missouri-based Fincl Counselors Inc has invested 0.02% in Janus Capital Group Inc (NYSE:JNS). Teachers Retirement System Of The State Of Kentucky last reported 28,100 shares in the company. Fisher Asset Mgmt reported 4.18M shares or 0.11% of all its holdings. Amalgamated Fincl Bank has 17,964 shares for 0.02% of their US portfolio. State Treasurer State Of Michigan holds 58,500 shares or 0.01% of its portfolio. Clinton Group Incorporated has invested 0.02% of its portfolio in Janus Capital Group Inc (NYSE:JNS). Moreover, Savings Bank Of Montreal Can has 0% invested in Janus Capital Group Inc (NYSE:JNS) for 84,911 shares. Manufacturers Life Insur The holds 0.01% or 290,470 shares in its portfolio. Rhumbline Advisers has 0.01% invested in the company for 302,603 shares. Capstone Investment Advsrs Limited Com has 0% invested in the company for 11,600 shares.
Insider Transactions: Since May 4, 2016, the stock had 0 insider purchases, and 6 insider sales for $6.42 million net activity. DAI ICHI LIFE INSURANCE CO. – LTD. had sold 406,659 shares worth $5.90 million. $70,250 worth of shares were sold by McPeek Jennifer J on Wednesday, September 14. Hughes Brennan A. also sold $239,343 worth of Janus Capital Group Inc (NYSE:JNS) on Monday, May 23.
More notable recent Janus Capital Group Inc (NYSE:JNS) news were published by: Fool.com which released: “Why Janus Capital Group Inc Stock Is Rising Today” on October 03, 2016, also Nasdaq.com with their article: “Mid-Morning Market Update: Markets Open Lower; Janus Capital And Henderson …” published on October 03, 2016, Washingtonpost.com published: “Janus Capital and Cabela’s soar; Merrimack Pharma sinks” on October 03, 2016. More interesting news about Janus Capital Group Inc (NYSE:JNS) were released by: Businesswire.com and their article: “JANUS CAPITAL GROUP, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces …” published on October 03, 2016 as well as Benzinga.com‘s news article titled: “Benzinga’s Volume Movers” with publication date: 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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