Jupiter Fund Management (LON:JUP) Share Price Passes Above 200-Day Moving Average of $83.48

Jupiter Fund Management Plc (LON:JUP)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 83.48 ($1.10) and traded as high as GBX 87.60 ($1.16). Jupiter Fund Management shares last traded at GBX 87.60 ($1.16), with a volume of 807,841 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 100 ($1.32) target price on shares of Jupiter Fund Management in a research report on Tuesday, September 3rd. Morgan Stanley cut their price objective on Jupiter Fund Management from GBX 92 ($1.22) to GBX 91 ($1.20) and set an “equal weight” rating on the stock in a research report on Thursday, July 18th. Finally, UBS Group upgraded Jupiter Fund Management to a “neutral” rating in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of GBX 85.40 ($1.13).

Jupiter Fund Management Stock Performance

The firm has a 50 day moving average of GBX 83.54 and a 200-day moving average of GBX 83.49. The company has a market cap of £443.82 million, a P/E ratio of -4,315.00 and a beta of 1.42. The company has a quick ratio of 1.79, a current ratio of 1.70 and a debt-to-equity ratio of 11.23.

Jupiter Fund Management Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 8th were issued 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 other news, insider Wayne Mepham sold 57,059 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of GBX 81 ($1.07), for a total transaction of £46,217.79 ($61,053.88). 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.