Jupiter Fund Management Plc (LON:JUP) Insider Sells £46,217.79 in Stock

Jupiter Fund Management Plc (LON:JUP) insider Wayne Mepham sold 57,059 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of GBX 81 ($1.06), for a total transaction of £46,217.79 ($60,439.11).

Jupiter Fund Management Stock Up 0.2 %

Jupiter Fund Management stock opened at GBX 81.70 ($1.07) on Friday. The firm has a market cap of £420.17 million, a price-to-earnings ratio of -4,085.00 and a beta of 1.42. The company has a debt-to-equity ratio of 11.23, a current ratio of 1.70 and a quick ratio of 1.79. Jupiter Fund Management Plc has a fifty-two week low of GBX 71.10 ($0.93) and a fifty-two week high of GBX 101.70 ($1.33). The firm has a fifty day moving average price of GBX 83.58 and a two-hundred day moving average price of GBX 83.44.

Jupiter Fund Management Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 8th were given a dividend of GBX 3.20 ($0.04) per share. This represents a yield of 3.88%. The ex-dividend date was Thursday, August 8th. Jupiter Fund Management’s dividend payout ratio is -35,000.00%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Morgan Stanley dropped their price target on Jupiter Fund Management from GBX 92 ($1.20) to GBX 91 ($1.19) and set an “equal weight” rating on the stock in a report on Thursday, July 18th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 100 ($1.31) price target on shares of Jupiter Fund Management in a report on Tuesday, September 3rd. Finally, UBS Group upgraded shares of Jupiter Fund Management to a “neutral” rating in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of GBX 85.40 ($1.12).

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.