The First Citizens Bank & Trust Co. Acquires New Stake in Janus Capital Group, Inc (JNS)

The First Citizens Bank & Trust Co. Acquires New Stake in Janus Capital Group, Inc (JNS)

First Citizens Bank & Trust Co. acquired a new position in Janus Capital Group, Inc (NYSE:JNS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,066 shares of the company’s stock, valued at approximately $309,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JNS. California Public Employees Retirement System increased its position in Janus Capital Group by 1.6% in the third quarter. California Public Employees Retirement System now owns 454,600 shares of the company’s stock worth $6,369,000 after buying an additional 7,200 shares during the last quarter. CWM LLC increased its position in Janus Capital Group by 21.1% in the third quarter. CWM LLC now owns 984,492 shares of the company’s stock worth $13,793,000 after buying an additional 171,760 shares during the last quarter. Smith Graham & Co. Investment Advisors LP increased its position in Janus Capital Group by 3.0% in the third quarter. Smith Graham & Co. Investment Advisors LP now owns 448,330 shares of the company’s stock worth $6,281,000 after buying an additional 12,980 shares during the last quarter. Profit Investment Management LLC purchased a new position in Janus Capital Group during the third quarter worth about $924,000. Finally, North Star Investment Management Corp. increased its position in Janus Capital Group by 6.7% in the third quarter. North Star Investment Management Corp. now owns 158,652 shares of the company’s stock worth $2,223,000 after buying an additional 10,014 shares during the last quarter. Institutional investors and hedge funds own 93.41% of the company’s stock.

Janus Capital Group, Inc (NYSE:JNS) traded up 2.75% during mid-day trading on Wednesday, hitting $13.45. The stock had a trading volume of 1,518,454 shares. The firm’s 50-day moving average price is $13.59 and its 200-day moving average price is $14.07. The stock has a market cap of $2.37 billion, a PE ratio of 15.80 and a beta of 1.73. Janus Capital Group, Inc has a 1-year low of $11.07 and a 1-year high of $16.62.

Janus Capital Group (NYSE:JNS) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. Janus Capital Group had a return on equity of 9.65% and a net margin of 15.47%. The business had revenue of $258.90 million for the quarter, compared to the consensus estimate of $258.29 million. During the same period in the prior year, the business earned $0.22 EPS. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. On average, equities analysts expect that Janus Capital Group, Inc will post $0.86 earnings per share for the current year.

A number of research firms recently issued reports on JNS. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Janus Capital Group in a report on Thursday, January 12th. Jefferies Group restated a “hold” rating and issued a $14.00 price target (down from $16.00) on shares of Janus Capital Group in a research note on Friday, November 11th. Credit Suisse Group restated a “hold” rating and issued a $13.00 price target on shares of Janus Capital Group in a research note on Monday, November 7th. Citigroup Inc. restated a “neutral” rating on shares of Janus Capital Group in a research note on Wednesday, October 26th. Finally, Zacks Investment Research downgraded Janus Capital Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 26th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $14.50.

In related news, CFO Jennifer J. Mcpeek sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 14th. The stock was sold at an average price of $13.44, for a total transaction of $67,200.00. Following the transaction, the chief financial officer now directly owns 118,710 shares of the company’s stock, valued at approximately $1,595,462.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 2.08% of the company’s stock.

Janus Capital Group Company Profile

Janus Capital Group Inc 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.

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