Olstein Capital Management L.P. bought a new position in Janus Capital Group, Inc (NYSE:JHG) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 175,000 shares of the company’s stock, valued at approximately $6,097,000. Olstein Capital Management L.P. owned about 0.09% of Janus Capital Group at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of JHG. Bartlett & Co. LLC acquired a new position in Janus Capital Group in the 3rd quarter worth about $101,000. First Manhattan Co. acquired a new position in Janus Capital Group in the 3rd quarter worth about $123,000. Trust Co. of Vermont acquired a new position in Janus Capital Group in the 3rd quarter worth about $143,000. Fiduciary Trust Co. acquired a new position in Janus Capital Group in the 3rd quarter worth about $210,000. Finally, Cannell Peter B & Co. Inc. acquired a new position in Janus Capital Group in the 3rd quarter worth about $227,000. 46.69% of the stock is currently owned by institutional investors.
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Janus Capital Group, Inc (NYSE:JHG) traded up $0.23 on Wednesday, reaching $36.59. The company’s stock had a trading volume of 229,402 shares, compared to its average volume of 1,073,398. The firm has a market cap of $7,218.63, a price-to-earnings ratio of 16.74, a P/E/G ratio of 1.21 and a beta of 1.47. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.17 and a quick ratio of 1.48. Janus Capital Group, Inc has a 12-month low of $23.90 and a 12-month high of $37.39.
Janus Capital Group (NYSE:JHG) last released its earnings results on Thursday, November 9th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.04). The business had revenue of $454.60 million during the quarter, compared to analyst estimates of $524.44 million. Janus Capital Group had a net margin of 14.18% and a return on equity of 10.75%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business earned $0.52 EPS. equities research analysts expect that Janus Capital Group, Inc will post 2.39 EPS for the current year.
The firm also recently announced a monthly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 20th will be issued a $0.32 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 10.49%. The ex-dividend date of this dividend is Friday, November 17th. Janus Capital Group’s dividend payout ratio (DPR) is currently 257.63%.
Several research analysts have weighed in on JHG shares. ValuEngine raised Janus Capital Group from a “hold” rating to a “buy” rating in a research report on Friday, October 27th. Zacks Investment Research lowered Janus Capital Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 24th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $37.00 price objective on shares of Janus Capital Group in a report on Thursday, October 12th. Deutsche Bank AG assumed coverage on Janus Capital Group in a report on Tuesday, October 17th. They set a “hold” rating and a $36.00 price objective on the stock. Finally, Jefferies Group LLC reissued a “hold” rating and set a $36.00 price objective (up previously from $35.00) on shares of Janus Capital Group in a report on Tuesday, October 10th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $35.93.
About Janus Capital Group
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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