Jupiter Fund Management (LON:JUP) Issues Quarterly Earnings Results

Jupiter Fund Management (LON:JUP) issued its quarterly earnings results on Thursday. The company reported GBX 7.20 earnings per share for the quarter, Digital Look Earnings reports. Jupiter Fund Management had a net margin of 21.19% and a return on equity of 11.49%.

Here are the key takeaways from Jupiter Fund Management’s conference call:

• Jupiter reported a strong first half with record AUM of GBP 73.7 billion, helped by continued business momentum and the CCLA acquisition. Management said the group is becoming more scaled, diversified, and resilient.
• The firm generated just under GBP 11 billion of gross inflows in the half, up 45% from the first half of last year, and delivered its second consecutive six-month period of positive net inflows. Retail and wholesale were the main drivers, with Europe also contributing strongly.
• Investment performance remains a key strength, with 77% of pre-existing Jupiter assets outperforming over three years and 80% over one year. Management highlighted particularly strong momentum in systematic equities, as well as improving performance in UK and European equities following recent team additions.
• The CCLA integration is progressing ahead of plan, and Jupiter raised its minimum annualized synergy target from GBP 16 million to GBP 17 million. The company said it has already locked in the original savings target and now expects around GBP 8 million of those savings to appear in 2026.
• Financially, underlying profit before tax excluding performance fees rose to GBP 52 million, while the cost-income ratio improved to 77% and surplus capital stood at GBP 173 million. Jupiter said capital is strong enough to support growth investments, M&A, or future shareholder returns.

Jupiter Fund Management Trading Down 3.7%

Shares of JUP opened at GBX 157.42 on Thursday. The company has a debt-to-equity ratio of 4.27, a current ratio of 2.46 and a quick ratio of 1.79. Jupiter Fund Management has a 1-year low of GBX 113.40 and a 1-year high of GBX 214.50. The company has a 50-day moving average of GBX 166.78 and a 200 day moving average of GBX 171.67. The firm has a market capitalization of £780.68 million, a price-to-earnings ratio of 8.79 and a beta of 1.30.

Jupiter Fund Management declared that its board has initiated a share buyback plan on Wednesday, April 8th that allows the company to buyback 0 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft raised their price target on Jupiter Fund Management from GBX 180 to GBX 190 and gave the stock a “hold” rating in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Jupiter Fund Management currently has a consensus rating of “Moderate Buy” and an average price target of GBX 173.

Insider Buying and Selling

In related news, insider Matthew Beesley acquired 671 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were purchased at an average price of GBX 164 per share, for a total transaction of £1,100.44. Also, insider Wayne Mepham purchased 765 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was bought at an average cost of GBX 164 per share, with a total value of £1,254.60. Corporate insiders own 4.12% of the company’s stock.

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.