Jupiter Fund Management (LON:JUP) Stock Price Crosses Above Two Hundred Day Moving Average of $83.40

Jupiter Fund Management Plc (LON:JUP)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 83.40 ($1.12) and traded as high as GBX 88.90 ($1.19). Jupiter Fund Management shares last traded at GBX 88.70 ($1.19), with a volume of 604,976 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Morgan Stanley decreased their price objective on Jupiter Fund Management from GBX 92 ($1.23) to GBX 91 ($1.22) and set an “equal weight” rating on the stock in a report on Thursday, July 18th. UBS Group upgraded Jupiter Fund Management to a “neutral” rating in a research report on Wednesday, August 14th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 100 ($1.34) target price on shares of Jupiter Fund Management in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of GBX 85.40 ($1.14).

Jupiter Fund Management Price Performance

The company has a current ratio of 1.70, a quick ratio of 1.79 and a debt-to-equity ratio of 11.23. The stock has a market capitalization of £456.17 million, a price-to-earnings ratio of -4,435.00 and a beta of 1.42. The stock has a fifty day moving average of GBX 83.66 and a two-hundred day moving average of GBX 83.38.

Jupiter Fund Management Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 8th were given a dividend of GBX 3.20 ($0.04) per share. The ex-dividend date of this dividend was Thursday, August 8th. This represents a yield of 3.88%. Jupiter Fund Management’s dividend payout ratio (DPR) is -35,000.00%.

Insiders Place Their Bets

In other Jupiter Fund Management news, insider Wayne Mepham sold 57,059 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of GBX 81 ($1.08), for a total value of £46,217.79 ($61,887.77). Insiders own 26.43% of the company’s stock.

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.