Key Points
- Matthew Beesley sold 23,463 shares on April 13 at GBX 158 for £37,071.54 and previously sold 308,933 shares on March 2 at GBX 188 for £580,794.04, indicating significant recent insider selling.
- Jupiter shares traded around GBX 162.40 with a market cap of £815.22m and a P/E of 9.07; analysts carry an average "Hold" rating with a consensus price target of GBX 150.33 while Deutsche Bank raised its target to GBX 175.
- The board approved a stock buyback plan on April 8 to repurchase shares via open-market purchases (the announcement unusually lists "0" shares permitted), suggesting management may view the stock as undervalued despite insider sales.
Jupiter Fund Management Plc (LON:JUP - Get Free Report) insider Matthew Beesley sold 23,463 shares of the 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 Stock Performance
LON:JUP opened at GBX 162.40 on Wednesday. The firm has a market cap of £815.22 million, a price-to-earnings ratio of 9.07 and a beta of 1.37. Jupiter Fund Management Plc has a 52 week low of GBX 67.90 and a 52 week high of GBX 214.50. The firm has a 50-day moving average price of GBX 178.45 and a two-hundred day moving average price of GBX 164.75.
Jupiter Fund Management (LON:JUP - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported GBX 19.40 EPS for the quarter. Jupiter Fund Management had a net margin of 21.19% and a return on equity of 11.49%. As a group, sell-side analysts forecast that Jupiter Fund Management Plc will post 8.5093781 earnings per share for the current year.
Jupiter Fund Management announced that its board has approved a stock buyback plan on Wednesday, April 8th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.
Analysts Set New Price Targets
Separately, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Jupiter Fund Management from GBX 165 to GBX 175 and gave the company a "hold" rating in a research note on Monday, February 2nd. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of GBX 150.33.
Get Our Latest Stock Analysis on Jupiter Fund Management
About Jupiter Fund Management
(
Get Free Report)
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.
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