Jupiter Fund Management (LON:JUP) Insider Willie Watt Purchases 80,000 Shares

Key Points

• Insider Trading: Willie Watt, an insider at Jupiter Fund Management, bought 80,000 shares at an average price of GBX 149, totaling £119,200.
• Stock Performance: The company's shares traded down to GBX 148.80, with a 52-week range of GBX 64.70 to GBX 152.80, and an average rating of "Hold."
• Recent Analyst Ratings: Recent reports from analysts included price target increases, with Deutsche Bank raising theirs from GBX 130 to GBX 145 while maintaining a "hold" rating.

Jupiter Fund Management Plc (LON:JUP - Get Free Report) insider Willie Watt purchased 80,000 shares of the stock in a transaction on Wednesday, October 8th. The shares were purchased at an average cost of GBX 149 per share, with a total value of £119,200.

Jupiter Fund Management Stock Performance

JUP traded down GBX 0.40 on Thursday, reaching GBX 148.80. 668,051 shares of the stock were exchanged, compared to its average volume of 2,069,058. The company's 50-day moving average price is GBX 130.27 and its 200 day moving average price is GBX 104.08. Jupiter Fund Management Plc has a fifty-two week low of GBX 64.70 and a fifty-two week high of GBX 152.80. The company has a debt-to-equity ratio of 11.23, a current ratio of 1.70 and a quick ratio of 1.79. The firm has a market capitalization of £758.48 million, a PE ratio of 1,377.78 and a beta of 1.42.

Jupiter Fund Management (LON:JUP - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The company reported GBX 4.20 EPS for the quarter. Jupiter Fund Management had a negative return on equity of 1.13% and a negative net margin of 2.34%. As a group, sell-side analysts forecast that Jupiter Fund Management Plc will post 8.5093781 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on JUP. Peel Hunt reissued an "add" rating and issued a GBX 90 price objective on shares of Jupiter Fund Management in a report on Friday, July 25th. Deutsche Bank Aktiengesellschaft upped their price target on Jupiter Fund Management from GBX 130 to GBX 145 and gave the stock a "hold" rating in a report on Thursday, October 2nd. Finally, Canaccord Genuity Group raised Jupiter Fund Management to a "hold" rating and upped their price target for the stock from GBX 60 to GBX 120 in a report on Wednesday, July 16th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of GBX 108.75.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.