Jupiter Fund Management (LON:JUP) to Repurchase 0 Shares

Jupiter Fund Management (LON:JUP) declared that its board has authorized a share buyback program on Wednesday, April 8th, RTT News reports. The company plans to buyback 0 shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Jupiter Fund Management from GBX 165 to GBX 175 and gave the stock a “hold” rating in a research report on Monday, February 2nd. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of GBX 150.33.

Jupiter Fund Management Stock Up 5.5%

Jupiter Fund Management stock opened at GBX 166 on Thursday. The firm has a market cap of £833.29 million, a PE ratio of 9.27 and a beta of 1.37. Jupiter Fund Management has a 52-week low of GBX 67.40 and a 52-week high of GBX 214.50. The company’s 50 day moving average is GBX 181 and its two-hundred day moving average is GBX 164.07.

Jupiter Fund Management (LON:JUP) last released its earnings results on Thursday, February 26th. The company reported GBX 19.40 earnings per share (EPS) for the quarter. Jupiter Fund Management had a net margin of 21.19% and a return on equity of 11.49%. On average, equities research analysts anticipate that Jupiter Fund Management will post 8.5093781 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Matthew Beesley sold 308,933 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of GBX 188, for a total value of £580,794.04. Also, insider Wayne Mepham sold 206,766 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of GBX 195, for a total transaction of £403,193.70. 3.97% of the stock is owned by company insiders.

About Jupiter Fund Management

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. Jupiter Fund Management Plc was founded in 1985 and is based in London, United Kingdom.