Jupiter Fund Management PLC to Issue Dividend of GBX 6.80 (JUP)
Jupiter Fund Management PLC (LON:JUP) declared a dividend on Wednesday, July 26th, Upcoming.Co.Uk reports. Investors of record on Thursday, August 3rd will be given a dividend of GBX 6.80 ($0.09) per share on Wednesday, August 30th. This represents a yield of 1.28%. The ex-dividend date is Thursday, August 3rd. The official announcement can be viewed at this link.
Jupiter Fund Management PLC (LON:JUP) traded down 1.30% on Wednesday, reaching GBX 530.50. The company had a trading volume of 3,888,423 shares. The company’s 50-day moving average is GBX 507.93 and its 200-day moving average is GBX 459.07. Jupiter Fund Management PLC has a 52-week low of GBX 385.00 and a 52-week high of GBX 565.00. The company’s market capitalization is GBX 2.38 billion.
In other Jupiter Fund Management PLC news, insider Edward Bonham Carter sold 147,060 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of GBX 489 ($6.37), for a total transaction of £719,123.40 ($936,846.53). Also, insider Maarten Slendebroek sold 43,577 shares of the stock in a transaction on Friday, April 28th. The shares were sold at an average price of GBX 474 ($6.18), for a total value of £206,554.98 ($269,091.95). Insiders sold a total of 857,790 shares of company stock valued at $409,465,513 over the last three months.
Several equities research analysts have recently weighed in on JUP shares. Peel Hunt reaffirmed an “add” rating and issued a GBX 495 ($6.45) target price on shares of Jupiter Fund Management PLC in a research report on Wednesday, April 26th. Numis Securities Ltd downgraded Jupiter Fund Management PLC to an “add” rating and set a GBX 545 ($7.10) target price for the company. in a research report on Wednesday, May 3rd. HSBC Holdings plc upped their target price on Jupiter Fund Management PLC from GBX 465 ($6.06) to GBX 530 ($6.90) and gave the stock a “buy” rating in a research report on Tuesday, June 13th. Jefferies Group LLC cut their price target on Jupiter Fund Management PLC from GBX 482 ($6.28) to GBX 478 ($6.23) and set a “buy” rating on the stock in a research note on Monday, April 10th. Finally, Liberum Capital reiterated a “buy” rating and issued a GBX 487 ($6.34) price target on shares of Jupiter Fund Management PLC in a research note on Wednesday, April 26th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 486.69 ($6.34).
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Jupiter Fund Management PLC Company Profile
Jupiter Fund Management plc is a fund manager. The principal activity of the Company is to act as a holding company for a group of investment management companies. The Company focuses primarily on managing equity investments on behalf of retail, institutional and private client investors across a range of products, including the United Kingdom and offshore mutual funds, segregated mandates and investment trusts.
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