Credit Suisse Reiterates a Hold Rating on Janus Capital

By Jason Carr

In a report issued on November 3, Craig Siegenthaler from Credit Suisse reiterated a Hold rating on Janus Capital (NYSE: JNS), with a price target of $13. The company’s shares closed last Friday at $12.47.

According to TipRanks.com, Siegenthaler is a 1-star analyst with an average return of -1.4% and a 47.7% success rate. Siegenthaler covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc., Virtus Investment Partners, and Oaktree Capital Group Llc.

Janus Capital has an analyst consensus of Hold, with a price target consensus of $16.

Based on Janus Capital’s latest earnings report from June 30, the company posted quarterly revenue of $253.6M and quarterly net profit of $39M. In comparison, last year the company earned revenue of $231.3M and had a net profit of $19.9M.

Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2016, Brennan Hughes, the SVP, Ch Acctg Ofcr, Treasurer of JNS sold 16,461 shares for a total of $239,343.

Janus Capital Group Inc. engages in the provision of investment management, administration, distribution and related services to financial advisors, individuals and institutional clients through mutual funds, other pooled investment vehicles, separate accounts and sub advised relationships in both domestic and international markets. It also provides investment management competencies across disciplines including fundamental U.S. and global equities, mathematical equities, fixed income and alternatives through its subsidiaries, Janus Capital Management LLC, INTECH Investment Management LLC and Perkins Investment Management LLC. The company’s investment products are distributed through three channels: Retail Intermediary, Institutional, and International. The Retail Intermediary channel serves financial intermediaries and retirement platforms, which include asset managers, banks and trusts, broker-dealers, independent planners and insurance companies. The Institutional channel serves corporations, endowments, foundations, Taft-Hartley funds, and public fund clients. The International channel serves professional investors, who are located outside of the United States. Activities in this sector include central and local government pension plans, corporate pension plans, multi-managers, insurance companies, and private banks. The company was founded on January 1, 2003 and is headquartered in Denver, CO.