Jupiter Fund Management Plc (JUP) To Go Ex-Dividend on April 21st

Jupiter Fund Management Plc (LON:JUP – Get Rating) declared a dividend on Friday, February 25th, Upcoming.Co.Uk reports. Investors of record on Thursday, April 21st will be given a dividend of GBX 9.20 ($0.12) per share on Friday, May 20th. This represents a yield of 4.52%. The ex-dividend date of this dividend is Thursday, April 21st. This is a boost from Jupiter Fund Management’s previous dividend of $7.90. The official announcement can be seen at this link.

Shares of JUP opened at GBX 208.80 ($2.72) on Tuesday. The company has a market capitalization of £1.15 billion and a price-to-earnings ratio of 7.80. Jupiter Fund Management has a fifty-two week low of GBX 165.20 ($2.15) and a fifty-two week high of GBX 300 ($3.90). The company has a debt-to-equity ratio of 11.15, a current ratio of 2.32 and a quick ratio of 2.07. The business’s 50-day moving average is GBX 207.42 and its 200-day moving average is GBX 233.30.

In other news, insider Andrew Formica bought 854 shares of the business’s stock in a transaction that occurred on Monday, April 4th. The stock was acquired at an average cost of GBX 210 ($2.73) per share, for a total transaction of £1,793.40 ($2,333.33). Also, insider Wayne Mepham sold 11,181 shares of the company’s stock in a transaction on Tuesday, March 1st. The shares were sold at an average price of GBX 206 ($2.68), for a total value of £23,032.86 ($29,967.29).

Several equities research analysts recently commented on JUP shares. Barclays reissued an “underweight” rating and issued a GBX 280 ($3.64) price target on shares of Jupiter Fund Management in a research note on Monday, February 21st. JPMorgan Chase & Co. decreased their target price on Jupiter Fund Management from GBX 240 ($3.12) to GBX 225 ($2.93) and set a “neutral” rating for the company in a research report on Friday, April 8th. Citigroup reaffirmed a “neutral” rating on shares of Jupiter Fund Management in a research report on Monday, April 11th. Finally, Peel Hunt reaffirmed an “add” rating and set a GBX 280 ($3.64) target price on shares of Jupiter Fund Management in a research report on Friday, February 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Jupiter Fund Management presently has an average rating of “Hold” and a consensus price target of GBX 268.75 ($3.50).

Jupiter Fund Management Company Profile (Get Rating)

Jupiter Fund Management Plc is a publicly owned investment manager. The firm manages mutual funds, hedge funds, client focused portfolios, and multi-manager products for its clients. It invests in the public equity markets across U.K., Europe and global emerging markets. The firm also invests in fixed income markets, fund of funds products, hedge funds, and absolute return funds.

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