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

Jupiter Fund Management Plc (LON:JUP) insider Matthew Beesley acquired 671 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was acquired at an average price of GBX 164 per share, with a total value 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 stock was sold at an average price of GBX 158, for a total transaction of £37,071.54.
• On Monday, March 2nd, Matthew Beesley sold 308,933 shares of Jupiter Fund Management stock. The stock was sold at an average price of GBX 188, for a total value of £580,794.04.

Jupiter Fund Management Stock Performance

Shares of LON JUP traded down GBX 3 during mid-day 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. Jupiter Fund Management Plc has a one year low of GBX 88.30 and a one year high of GBX 214.50. The firm has a market cap of £800.16 million, a price-to-earnings ratio of 8.91 and a beta of 1.30. The business’s 50-day simple moving average is GBX 160.80 and its 200 day simple moving average is GBX 166.40.

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, sell-side analysts anticipate that Jupiter Fund Management Plc will post 8.5093781 EPS for the current year.

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

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft raised their price objective on Jupiter Fund Management from GBX 175 to GBX 180 and gave the company a “hold” rating in a research note on Wednesday, April 22nd. One 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 currently has a consensus rating of “Hold” and a consensus target price 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.