Janus Capital Group Inc (JNS) was Downgraded by Jefferies to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Jefferies advised their investors in a research report released on Oct 4, 2016.
On the company’s financial health, Janus Capital Group Inc reported $0.21 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 26, 2016. Analyst had a consensus of $0.22. The company had revenue of $251.90 million for the quarter, compared to analysts expectations of $254.73 million. The company’s revenue was down -7.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.24 EPS.
Janus Capital Group Inc opened for trading at $13.94 and hit $14.09 on the upside on Friday, eventually ending the session at $14.01, with a gain of 1.52% or 0.21 points. The heightened volatility saw the trading volume jump to 14,85,751 shares. Company has a market cap of $2,571 M.
In a different news, on Sep 15, 2016, Jennifer J Mcpeek (EVP, Chief Financial Officer) sold 5,000 shares at $14.05 per share price. According to the SEC, on May 24, 2016, Brennan A. Hughes (SVP, Ch Acctg Ofcr, Treasurer) sold 16,461 shares at $14.54 per share price. On Feb 23, 2016, George S Batejan (EVP, Head of IT and Operations) sold 10,000 shares at $12.78 per share price, according to the Form-4 filing with the securities and exchange commission.
Janus Capital Group Inc. provides investment management administration distribution and related services to financial advisors individuals and institutional clients through mutual funds other pooled investment vehicles separate accounts and subadvised relationships (collectively referred to as investment products) in both domestic and international markets. The Company provides investment management solutions across a range of disciplines including fundamental United States and global equities (growth and value) mathematical equities fixed income and alternatives through its subsidiaries Janus Capital Management LLC (Janus) VelocityShares LLC INTECH Investment Management LLC (INTECH) and Perkins Investment Management LLC (Perkins).