Jupiter Fund Management PLC (JUP) Insider Andrew Formica Purchases 18,255 Shares

Jupiter Fund Management PLC (LON:JUP) insider Andrew Formica acquired 18,255 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was bought at an average price of GBX 352 ($4.60) per share, with a total value of £64,257.60 ($83,963.94).

Andrew Formica also recently made the following trade(s):

  • On Monday, March 4th, Andrew Formica acquired 150,000 shares of Jupiter Fund Management stock. The stock was bought at an average price of GBX 369 ($4.82) per share, with a total value of £553,500 ($723,245.79).

JUP stock traded down GBX 1.10 ($0.01) during mid-day trading on Monday, hitting GBX 351.90 ($4.60). 286,197 shares of the company were exchanged, compared to its average volume of 2,620,000. The company has a market capitalization of $1.56 billion and a PE ratio of 11.32. Jupiter Fund Management PLC has a 1-year low of GBX 274.10 ($3.58) and a 1-year high of GBX 497.40 ($6.50).

The business also recently disclosed a dividend, which will be paid on Thursday, April 11th. Shareholders of record on Thursday, March 14th will be given a dividend of GBX 20.60 ($0.27) per share. The ex-dividend date of this dividend is Thursday, March 14th. This is an increase from Jupiter Fund Management’s previous dividend of $7.90. This represents a yield of 5.68%. Jupiter Fund Management’s dividend payout ratio (DPR) is 0.55%.

A number of equities analysts recently commented on the company. Peel Hunt reiterated a “hold” rating on shares of Jupiter Fund Management in a report on Tuesday, January 22nd. Shore Capital reiterated a “buy” rating and set a GBX 350 ($4.57) price target on shares of Jupiter Fund Management in a report on Tuesday, February 26th. UBS Group reiterated a “sell” rating on shares of Jupiter Fund Management in a report on Monday, February 25th. Berenberg Bank lifted their price target on Jupiter Fund Management from GBX 344 ($4.49) to GBX 357 ($4.66) and gave the stock a “hold” rating in a report on Wednesday, March 6th. Finally, Numis Securities reiterated a “hold” rating and set a GBX 310 ($4.05) price target on shares of Jupiter Fund Management in a report on Friday, February 8th. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 407.17 ($5.32).

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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.

Read More: Market Capitalization – What it Means for Investors

Insider Buying and Selling by Quarter for Jupiter Fund Management (LON:JUP)

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