Janus Capital Group, Inc (JHG) PT Raised to $38.00 at Bank of America Corporation
Janus Capital Group, Inc (NYSE:JHG) had its price target upped by Bank of America Corporation from $34.00 to $38.00 in a report released on Wednesday morning. The firm currently has a neutral rating on the stock.
A number of other equities research analysts also recently issued reports on JHG. UBS AG started coverage on shares of Janus Capital Group in a research report on Tuesday, May 30th. They issued a buy rating and a $35.25 price objective for the company. Keefe, Bruyette & Woods started coverage on shares of Janus Capital Group in a research report on Wednesday, May 31st. They issued a market perform rating and a $32.00 price objective for the company. Credit Suisse Group started coverage on shares of Janus Capital Group in a research report on Thursday, June 1st. They issued a neutral rating and a $33.00 price objective for the company. ValuEngine raised shares of Janus Capital Group from a hold rating to a buy rating in a research report on Thursday, June 8th. Finally, J P Morgan Chase & Co started coverage on shares of Janus Capital Group in a research report on Friday, June 9th. They issued a neutral rating and a $33.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Janus Capital Group presently has a consensus rating of Hold and an average price target of $35.53.
Janus Capital Group (NYSE:JHG) traded up 0.82% during trading on Wednesday, hitting $35.59. 596,235 shares of the stock were exchanged. The firm’s 50-day moving average is $32.97 and its 200 day moving average is $32.82. Janus Capital Group has a 52 week low of $8.14 and a 52 week high of $35.85. The firm has a market cap of $6.99 billion, a PE ratio of 33.29 and a beta of 1.59.
Janus Capital Group (NYSE:JHG) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.13. Janus Capital Group had a net margin of 12.41% and a return on equity of 10.90%. The business had revenue of $384.80 million during the quarter, compared to the consensus estimate of $394.97 million. During the same period in the prior year, the firm posted $0.21 EPS. The firm’s quarterly revenue was up 49.7% compared to the same quarter last year. Analysts expect that Janus Capital Group will post $2.17 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date is Wednesday, August 16th. Janus Capital Group’s payout ratio is 63.41%.
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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