Shares of Jupiter Fund Management Plc (LON:JUP – Get Free Report) have been assigned an average recommendation of “Reduce” from the six research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is GBX 85.40 ($1.12).
A number of research analysts have weighed in on JUP shares. UBS Group raised Jupiter Fund Management to a “neutral” rating in a report on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 100 ($1.31) price objective on shares of Jupiter Fund Management in a research note on Tuesday, September 3rd. Finally, Morgan Stanley cut their price target on shares of Jupiter Fund Management from GBX 92 ($1.20) to GBX 91 ($1.19) and set an “equal weight” rating for the company in a report on Thursday, July 18th.
View Our Latest Report on Jupiter Fund Management
Jupiter Fund Management Price Performance
Jupiter Fund Management Cuts Dividend
The business also recently declared a dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 8th were paid a GBX 3.20 ($0.04) dividend. The ex-dividend date was Thursday, August 8th. This represents a yield of 3.88%. Jupiter Fund Management’s dividend payout ratio is presently -35,000.00%.
Insider Transactions at Jupiter Fund Management
In related news, insider Wayne Mepham sold 57,059 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of GBX 81 ($1.06), for a total value of £46,217.79 ($60,439.11). Insiders own 26.39% 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.
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