Matthew Beesley Acquires 671 Shares of Jupiter Fund Management (LON:JUP) Stock

Jupiter Fund Management Plc (LON:JUP) insider Matthew Beesley purchased 671 shares of the stock in a transaction dated Wednesday, May 27th. The shares were acquired at an average cost of GBX 164 per share, for a total transaction of £1,100.44.

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

• On Monday, April 13th, Matthew Beesley sold 23,463 shares of Jupiter Fund Management stock. The shares were sold at an average price of GBX 158, for a total value of £37,071.54.
• 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 value of £580,794.04.

Jupiter Fund Management Stock Down 1.8%

JUP traded down GBX 3 during midday trading on Thursday, reaching GBX 159.40. The company had a trading volume of 855,583 shares, compared to its average volume of 3,304,713. The business has a 50-day moving average of GBX 160.80 and a two-hundred day moving average of GBX 166.40. The company has a market cap of £800.16 million, a P/E ratio of 8.91 and a beta of 1.30. Jupiter Fund Management Plc has a 1 year low of GBX 88.30 and a 1 year high of GBX 214.50.

Jupiter Fund Management (LON:JUP) last issued its quarterly earnings results on Thursday, February 26th. The company reported GBX 19.40 EPS for the quarter. Jupiter Fund Management had a return on equity of 11.49% and a net margin of 21.19%. On average, equities research analysts predict that Jupiter Fund Management Plc will post 8.5093781 EPS for the current year.

Jupiter Fund Management announced that its Board of Directors has approved a share repurchase program on Wednesday, April 8th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft upped their price objective on Jupiter Fund Management from GBX 175 to GBX 180 and gave the stock a “hold” rating in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of GBX 152.

Jupiter Fund Management Company Profile

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.