Jupiter Fund Management Plc (LON:JUP) Insider Acquires £49,680 in Stock

Jupiter Fund Management Plc (LON:JUPGet Rating) insider Suzy Neubert purchased 46,000 shares of the stock in a transaction on Monday, September 12th. The stock was bought at an average price of GBX 108 ($1.30) per share, for a total transaction of £49,680 ($60,029.00).

Jupiter Fund Management Price Performance

Jupiter Fund Management stock opened at GBX 105.80 ($1.28) on Wednesday. The business’s 50-day simple moving average is GBX 120.61 and its 200 day simple moving average is GBX 161.59. The stock has a market cap of £585.18 million and a price-to-earnings ratio of 503.81. Jupiter Fund Management Plc has a 12-month low of GBX 90.30 ($1.09) and a 12-month high of GBX 270 ($3.26). The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 5.77.

Jupiter Fund Management Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, August 31st. Investors of record on Thursday, August 11th were issued a GBX 7.90 ($0.10) dividend. This represents a yield of 6.15%. The ex-dividend date was Thursday, August 11th. Jupiter Fund Management’s dividend payout ratio is 81.43%.

Analysts Set New Price Targets

A number of brokerages have weighed in on JUP. Barclays lowered their price target on Jupiter Fund Management from GBX 180 ($2.17) to GBX 120 ($1.45) and set an “underweight” rating on the stock in a research report on Wednesday, July 13th. Citigroup restated a “sell” rating and set a GBX 135 ($1.63) target price on shares of Jupiter Fund Management in a report on Friday, July 1st. Berenberg Bank decreased their target price on Jupiter Fund Management from GBX 320 ($3.87) to GBX 120 ($1.45) and set a “hold” rating on the stock in a report on Tuesday, July 26th. Finally, JPMorgan Chase & Co. decreased their target price on Jupiter Fund Management from GBX 200 ($2.42) to GBX 150 ($1.81) and set a “neutral” rating on the stock in a report on Wednesday, July 6th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 161 ($1.95).

About Jupiter Fund Management

(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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