Jupiter Fund Management Plc (LON:JUP - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 64.70 ($0.85) and last traded at GBX 68.20 ($0.89), with a volume of 44637922 shares trading hands. The stock had previously closed at GBX 68.20 ($0.89).
Analysts Set New Price Targets
Separately, Citigroup dropped their price target on Jupiter Fund Management from GBX 92 ($1.20) to GBX 80 ($1.05) and set a "neutral" rating on the stock in a research note on Thursday, January 23rd.
Read Our Latest Stock Report on JUP
Jupiter Fund Management Stock Performance
The company's 50 day moving average price is GBX 75.72 and its 200-day moving average price is GBX 80.38. The stock has a market cap of £364.25 million, a P/E ratio of -41.03 and a beta of 1.42. The company has a debt-to-equity ratio of 11.23, a quick ratio of 1.79 and a current ratio of 1.70.
Jupiter Fund Management (LON:JUP - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported GBX 13.40 ($0.18) earnings per share (EPS) for the quarter. Jupiter Fund Management had a negative net margin of 2.34% and a negative return on equity of 1.13%. Equities analysts forecast that Jupiter Fund Management Plc will post 8.5093781 EPS for the current fiscal year.
Jupiter Fund Management Cuts Dividend
The firm also recently declared a dividend, which will be paid on Tuesday, May 20th. Investors of record on Thursday, April 17th will be given a dividend of GBX 2.20 ($0.03) per share. This represents a dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, April 17th. Jupiter Fund Management's payout ratio is -403.98%.
Insiders Place Their Bets
In other news, insider Dale Jane Murray acquired 33,000 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average price of GBX 75 ($0.98) per share, with a total value of £24,750 ($32,395.29). Also, insider David Cruickshank acquired 100,000 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were acquired at an average cost of GBX 74 ($0.97) per share, for a total transaction of £74,000 ($96,858.64). Insiders own 25.22% of the company's stock.
About Jupiter Fund Management
(
Get Free Report)
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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