Jupiter Fund Management (LON:JUP) Insider Wayne Mepham Sells 30,123 Shares

Jupiter Fund Management Plc (LON:JUP) insider Wayne Mepham sold 30,123 shares of the firm’s stock in a transaction on Monday, April 13th. The shares were sold at an average price of GBX 157, for a total value of £47,293.11.

Wayne Mepham also recently made the following trade(s):

• On Monday, March 2nd, Wayne Mepham sold 206,766 shares of Jupiter Fund Management stock. The shares were sold at an average price of GBX 195, for a total value of £403,193.70.

Jupiter Fund Management Stock Performance

Shares of JUP stock opened at GBX 162.40 on Wednesday. The stock’s fifty day moving average is GBX 178.45 and its two-hundred day moving average is GBX 164.75. The firm has a market capitalization of £815.22 million, a P/E ratio of 9.07 and a beta of 1.37. Jupiter Fund Management Plc has a fifty-two week low of GBX 67.90 and a fifty-two week high of GBX 214.50.

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

Jupiter Fund Management declared that its Board of Directors has authorized a share repurchase plan on Wednesday, April 8th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

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

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.