Janus Capital Group, Inc (NYSE:JHG) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research downgraded shares of Janus Capital Group, Inc (NYSE:JHG) from a buy rating to a hold rating in a research report released on Tuesday, August 8th.

According to Zacks, “Janus Henderson Group plc is an investment management company. It provides investment advisors for equities, fixed income, property and private equity sectors. Janus Henderson Group plc, formerly known as Janus Cap Grp, is based in London, United Kingdom. “

Several other research analysts have also issued reports on JHG. UBS AG initiated 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 target on the stock. Keefe, Bruyette & Woods initiated 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 target on the stock. Bank of America Corporation restated a neutral rating and issued a $31.00 price target on shares of Janus Capital Group in a research report on Wednesday, May 31st. Credit Suisse Group assumed 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 target on the stock. Finally, ValuEngine raised shares of Janus Capital Group from a hold rating to a buy rating in a research note on Thursday, June 8th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $35.53.

Shares of Janus Capital Group (JHG) traded down 1.15% on Tuesday, hitting $34.31. The stock had a trading volume of 675,217 shares. The stock has a 50 day moving average price of $33.22 and a 200-day moving average price of $33.01. The company has a market cap of $6.73 billion, a price-to-earnings ratio of 32.10 and a beta of 1.59. Janus Capital Group has a 12-month low of $8.14 and a 12-month high of $36.25.

Janus Capital Group (NYSE:JHG) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.13. The firm had revenue of $384.80 million for the quarter, compared to analyst estimates of $394.97 million. Janus Capital Group had a net margin of 12.41% and a return on equity of 10.90%. The firm’s quarterly revenue was up 49.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 earnings per share. On average, equities analysts expect that Janus Capital Group will post $2.39 earnings per share for the current 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 dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date is Wednesday, August 16th. Janus Capital Group’s dividend payout ratio (DPR) is currently 261.81%.

Janus Capital Group Company Profile

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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