Matthew Beesley Sells 23,463 Shares of Jupiter Fund Management (LON:JUP) Stock

Key Points

• Insider sale: Matthew Beesley sold 23,463 shares on April 13 at GBX 158 (£37,071.54) and had previously sold 308,933 shares on March 2 at GBX 188 (£580,794.04).
• Stock and financials: JUP traded at GBX 162.20 (up GBX 3.20), with a market cap of £814.21m, P/E of 9.06, 52‑week range GBX 67.90–214.50, and last quarter EPS of GBX 19.40 (net margin 21.19%).
• Corporate action and analyst view: The board announced a share repurchase plan on April 8, while analysts have an average "Hold" rating with a consensus target of GBX 150.33 and Deutsche Bank raising its target to GBX 175.

Jupiter Fund Management Plc (LON:JUP - Get Free Report) insider Matthew Beesley sold 23,463 shares of Jupiter Fund Management stock in a transaction on Monday, April 13th. The shares were sold at an average price of GBX 158, for a total transaction of £37,071.54.

Matthew Beesley also recently made the following trade(s):

• On Monday, March 2nd, Matthew Beesley sold 308,933 shares of Jupiter Fund Management stock. The shares were sold at an average price of GBX 188, for a total transaction of £580,794.04.

Jupiter Fund Management Price Performance

Shares of JUP stock traded up GBX 3.20 on Tuesday, hitting GBX 162.20. The company's stock had a trading volume of 790,033 shares, compared to its average volume of 2,810,239. Jupiter Fund Management Plc has a fifty-two week low of GBX 67.90 and a fifty-two week high of GBX 214.50. The firm's fifty day moving average price is GBX 179.08 and its 200-day moving average price is GBX 164.60. The stock has a market capitalization of £814.21 million, a price-to-earnings ratio of 9.06 and a beta of 1.37.

Jupiter Fund Management (LON:JUP - Get Free Report) last released its quarterly earnings data 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%. Analysts predict that Jupiter Fund Management Plc will post 8.5093781 EPS for the current fiscal year.

Jupiter Fund Management announced that its board has initiated a stock repurchase plan on Wednesday, April 8th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft boosted their target price 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 company's stock. Based on data from MarketBeat.com, the stock presently 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.

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