Jupiter Fund Management (LON:JUP) Insider Wayne Mepham Acquires 765 Shares

Jupiter Fund Management Plc (LON:JUP) insider Wayne Mepham acquired 765 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were bought at an average price 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 shares were 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 Price Performance

Shares of JUP stock traded down GBX 3 on Thursday, hitting GBX 159.40. 855,583 shares of the stock traded hands, compared to its average volume of 3,304,713. The company has a market capitalization of £800.16 million, a PE 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 company’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 posted its quarterly earnings results on Thursday, February 26th. The company reported GBX 19.40 earnings per share (EPS) for the quarter. Jupiter Fund Management had a return on equity of 11.49% and a net margin of 21.19%. As a group, equities research analysts expect that Jupiter Fund Management Plc will post 8.5093781 EPS for the current year.

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

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft lifted their target price 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 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.com, Jupiter Fund Management presently has a consensus rating of “Hold” and an average price target 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.