Jupiter Fund Management PLC (LON:JUP) announced a dividend on Wednesday, July 27th. Shareholders of record on Thursday, August 4th will be given a dividend of GBX 4.50 ($0.06) per share on Friday, August 26th. This represents a yield of 1.08%. The ex-dividend date is Thursday, August 4th. The official announcement can be seen at this link.
A number of equities research analysts have issued reports on JUP shares. BNP Paribas lowered shares of Jupiter Fund Management PLC to a “neutral” rating and set a GBX 415 ($5.50) target price on the stock. in a report on Monday, June 27th. Barclays PLC increased their target price on shares of Jupiter Fund Management PLC from GBX 400 ($5.30) to GBX 420 ($5.57) and gave the stock an “equal weight” rating in a report on Thursday, July 21st. Liberum Capital reiterated a “buy” rating and set a GBX 452 ($5.99) target price on shares of Jupiter Fund Management PLC in a report on Tuesday, July 5th. Shore Capital reiterated a “hold” rating on shares of Jupiter Fund Management PLC in a report on Friday, May 13th. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 495 ($6.56) target price on shares of Jupiter Fund Management PLC in a report on Wednesday, April 13th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 417.50 ($5.54).
In other Jupiter Fund Management PLC news, insider Carter,Edward Bonham sold 65,643 shares of Jupiter Fund Management PLC stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of GBX 434 ($5.76), for a total transaction of £284,890.62 ($377,788.91).
Jupiter Fund Management plc (Jupiter) is a United Kingdom-based holding company. The principal activity of the Company is to act as a holding company for a group of investment management companies. The Company is engaged in investment management business. Jupiter focuses primarily on managing equity investments on behalf of retail, institutional and private client investors across a range of products, including United Kingdom and offshore mutual funds, segregated mandates and investment trusts.
