Prudential Financial Inc (NYSE:PRU)’s Q1 Net Income Results Announced


Dallas, Texas 05/16/2014 (FINANCIALSTRENDS) –Janus Capital Group Inc (NYSE:JNS) recently reported its Q1 net income of $30.5M  or $0.16/ diluted share,  in comparison  with Q4 2013 net-income of $38.3M  or $0.21/  diluted share, & the  net income of $28.0M, or $0.15/ diluted share, in the Q1 2013. The average assets under its management in  the Q1 2014 were $173.0B in comparison d with $170.3B  in the fourth quarter 2013 &  $161.8B  in the  first quarter 2013.At 31 March, 2014,  the company’s  total assets that were under management were $174.1B  in comparison to  $173.9B at 31 December 2013 &  $163.8B  at March 31, 2013.

 The increase in the complex-wide-assets during the Q1 2014 reflects the net market appreciation of $1.9B that was partly offset by the long-term and net outflows of $1.7 billion. The fundamental equity & the mathematical equity of long-term net-outflows totaled $2.3B  & $0.2B, respectively, while the fixed income in long-term net inflows totaled to $0.8B .

 Morningstar ratings

 As of 31 March  2014, 53% of the complex-wide mutual funds had  4- / 5-star Overall in Morningstar RatingTM.1 As of 31 March 2014, 44% & 59%  & 32% of the fundamental equity mutual-fund assets ranked in the top-half of Morningstar categories on  the 1, 3  &  5 -year total-return basis, respectively. The fixed income mutual-fund assets also continued generating very  strong long-term and relative investment performance- the  100%, 100% &  54% of the mutual fund assets ranked at  the top-half of thee Morningstar categories on a 1, 3 &  5 -year total-return basis as of 31 March 2014.

 Dividend announced

 In separate news, JNS  started  trading ex-dividend on 7 May 2014.  The cash dividend payment of $0.08/  share was slated  to be paid on 23 May, 2014.  The shareholders who bought  the company’s stock before the ex-dividend date are now eligible for a cash dividend payment. This also  represents the 14.29% rise  over the previous  quarter.

Subscribe to get your free report!

* indicates required
*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.