Janus Capital Group Inc Shares Rise After Earnings

Janus Capital Group Inc (NYSE:JNS) released its latest earnings report before opening bell this morning, posting earnings of 22 cents per share on $237 million in revenue. Analysts had been expecting earnings of 22 cents per share on $239.3 million in revenue.

In the previous quarter, Janus posted adjusted earnings of 19 cents per share, while the firm reported earnings of 17 cents per share in the same quarter last year.

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Key metrics from Janus Capital’s earnings report

Janus said it had $176.5 billion in average assets under management, compared to $174.4 billion in the previous quarter and $165.2 billion in the third quarter of last year.  As of the end of September, the firm’s total assets under management were $174.4 billion. As of the end of June, Janus Capital had $177.7 billion under management. As of the end of September last year, the firm managed $166.7 billion in assets.

The firm reported $2.1 billion in long-term net outflows and $1.2 billion in net market depreciation. Janus said long-term net outflows for fundamental were $2.1 billion, while mathematical equity long-term net outflows were $.3 billion. Long-term net inflows for fixed income were $.3 billion.

Janus Capital’s earnings by segment

Janus Capital said that as of the end of September, 53% of its complex-wide mutual funds were rated either four or five stars by Morningstar. The firm added that 55% of its fundamental equity mutual assets ranked in the top half of their Morningstar categories on a one-year total return basis. Also 66% of them ranked in the top half on a three-year basis, while 45% of them ranked there on a five-year basis.

The firm reported that all of its fixed income mutual fund assets were in the top half of their Morningstar categories on a one- and three-year basis, while 78% of them were there on a five-year basis.

As of the end of September, Janus reported that 48% of its mathematical equity relative return strategies passed their benchmarks over the one-year period, while 38% of them did over three years and 58% of them over a five-year period did.