Jupiter Fund Management (LON:JUP) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Shares of Jupiter Fund Management Plc (LON:JUP) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 166.32 and traded as low as GBX 161.60. Jupiter Fund Management shares last traded at GBX 162.19, with a volume of 12,300,213 shares trading hands.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Jupiter Fund Management from GBX 175 to GBX 180 and gave the company a “hold” rating in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Jupiter Fund Management has a consensus rating of “Hold” and an average price target of GBX 152.

Jupiter Fund Management Trading Up 0.4%

The business’s 50 day moving average is GBX 161.02 and its two-hundred day moving average is GBX 166.32. The company has a market cap of £816.22 million, a PE ratio of 9.08 and a beta of 1.30.

Jupiter Fund Management (LON:JUP) last released its earnings results 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%. As a group, equities research analysts predict that Jupiter Fund Management Plc will post 8.5093781 EPS for the current fiscal year.

Jupiter Fund Management declared that its board has authorized a share repurchase plan on Wednesday, April 8th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Insider Activity at Jupiter Fund Management

In related news, insider Wayne Mepham sold 206,766 shares of Jupiter Fund Management stock in a transaction on Monday, March 2nd. The shares were sold at an average price of GBX 195, for a total transaction of £403,193.70. Also, insider Matthew Beesley sold 308,933 shares of Jupiter Fund Management stock in a transaction on Monday, March 2nd. The shares were sold at an average price of GBX 188, for a total transaction of £580,794.04. In the last quarter, insiders have sold 569,285 shares of company stock worth $106,835,239. 3.97% of the stock is owned by corporate insiders.

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.