Matthew Beesley Sells 23,463 Shares of Jupiter Fund Management (LON:JUP) Stock

Jupiter Fund Management Plc (LON:JUP) insider Matthew Beesley sold 23,463 shares of the company’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of GBX 158, for a total transaction of £37,071.54.

Matthew Beesley also recently made the following trade(s):

• On Monday, March 2nd, Matthew Beesley sold 308,933 shares of Jupiter Fund Management stock. The shares were sold at an average price of GBX 188, for a total transaction of £580,794.04.

Jupiter Fund Management Trading Up 2.0%

LON JUP traded up GBX 3.20 on Tuesday, reaching GBX 162.20. The company’s stock had a trading volume of 790,033 shares, compared to its average volume of 2,810,239. The firm has a market cap of £814.21 million, a PE ratio of 9.06 and a beta of 1.37. The business has a 50-day moving average price of GBX 179.08 and a 200 day moving average price of GBX 164.60. Jupiter Fund Management Plc has a 52 week low of GBX 67.90 and a 52 week high of GBX 214.50.

Jupiter Fund Management (LON:JUP) last issued its quarterly earnings data on Thursday, February 26th. The company reported GBX 19.40 earnings per share for the quarter. Jupiter Fund Management had a net margin of 21.19% and a return on equity of 11.49%. Analysts anticipate that Jupiter Fund Management Plc will post 8.5093781 earnings per share for the current fiscal year.

Jupiter Fund Management declared that its Board of Directors has initiated a share buyback program on Wednesday, April 8th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Jupiter Fund Management from GBX 165 to GBX 175 and gave the stock a “hold” rating in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 150.33.

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. Jupiter Fund Management Plc was founded in 1985 and is based in London, United Kingdom.