Jupiter Fund Management - JUP Share Forecast, Price & News

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.

Jupiter Fund Management Stock Performance

Shares of LON:JUP traded down GBX 3.10 ($0.04) during midday trading on Friday, reaching GBX 111.10 ($1.34). 604,722 shares of the company traded hands, compared to its average volume of 1,596,951. The stock has a 50-day moving average price of GBX 139.09 and a 200 day moving average price of GBX 176.88. The company has a debt-to-equity ratio of 5.77, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market cap of £614.49 million and a price-to-earnings ratio of 535.24. Jupiter Fund Management has a 52 week low of GBX 110 ($1.33) and a 52 week high of GBX 272.20 ($3.29).

Jupiter Fund Management Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, August 31st. Investors of record on Thursday, August 11th will be given a dividend of GBX 7.90 ($0.10) per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a yield of 6.15%. Jupiter Fund Management's payout ratio is 81.43%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on JUP shares. JPMorgan Chase & Co. dropped their target price on shares of Jupiter Fund Management from GBX 200 ($2.42) to GBX 150 ($1.81) and set a "neutral" rating for the company in a research report on Wednesday, July 6th. Berenberg Bank decreased their target price on Jupiter Fund Management from GBX 320 ($3.87) to GBX 120 ($1.45) and set a "hold" rating for the company in a research report on Tuesday, July 26th. Barclays reduced their price objective on Jupiter Fund Management from GBX 180 ($2.17) to GBX 120 ($1.45) and set an "underweight" rating on the stock in a research note on Wednesday, July 13th. Finally, Citigroup reiterated a "sell" rating and set a GBX 135 ($1.63) target price on shares of Jupiter Fund Management in a research note on Friday, July 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of GBX 161 ($1.95).

Insider Transactions at Jupiter Fund Management

In related news, insider Roger Yates bought 100,000 shares of Jupiter Fund Management stock in a transaction that occurred on Friday, July 29th. The stock was acquired at an average price of GBX 125 ($1.51) per share, for a total transaction of £125,000 ($151,039.15).