Jupiter Fund Management (LON:JUP) Insider Buys £1,254.60 in Stock

Jupiter Fund Management Plc (LON:JUP) insider Wayne Mepham bought 765 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were bought at an average cost of GBX 164 per share, with a total value of £1,254.60.

Wayne Mepham also recently made the following trade(s):

• On Monday, April 13th, Wayne Mepham sold 30,123 shares of Jupiter Fund Management stock. The stock was sold at an average price of GBX 157, for a total value of £47,293.11.
• On Monday, March 2nd, Wayne Mepham sold 206,766 shares of Jupiter Fund Management stock. The shares were sold at an average price of GBX 195, for a total value of £403,193.70.

Jupiter Fund Management Stock Performance

Shares of JUP traded down GBX 3 during trading hours on Thursday, reaching GBX 159.40. 855,583 shares of the company traded hands, compared to its average volume of 3,304,713. The stock 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. The stock’s fifty day moving average is GBX 160.80 and its 200 day moving average is GBX 166.40.

Jupiter Fund Management (LON:JUP) last announced its quarterly earnings data 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 declared that its Board of Directors has authorized a stock buyback plan on Wednesday, April 8th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft boosted their target price on Jupiter Fund Management from GBX 175 to GBX 180 and gave the stock a “hold” rating in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock 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.