Jupiter Fund Management (LON:JUP) Reaches New 12-Month Low – What’s Next?

Shares of Jupiter Fund Management Plc (LON:JUP) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 64.70 ($0.83) and last traded at GBX 68.20 ($0.87), with a volume of 44637922 shares. The stock had previously closed at GBX 68.20 ($0.87).

Analyst Upgrades and Downgrades

Separately, Citigroup reduced their price objective on Jupiter Fund Management from GBX 92 ($1.18) to GBX 80 ($1.02) and set a “neutral” rating on the stock in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of GBX 89 ($1.14).

Jupiter Fund Management Trading Down 5.7 %

The firm’s 50-day simple moving average is GBX 76.03 and its 200-day simple moving average is GBX 80.59. The firm has a market capitalization of £349.39 million, a PE ratio of -39.36 and a beta of 1.42. The company has a quick ratio of 1.79, a current ratio of 1.70 and a debt-to-equity ratio of 11.23.

Jupiter Fund Management (LON:JUP) last issued its earnings results on Thursday, February 27th. The company reported GBX 13.40 ($0.17) earnings per share for the quarter. Jupiter Fund Management had a negative return on equity of 1.13% and a negative net margin of 2.34%. Equities analysts expect that Jupiter Fund Management Plc will post 8.5093781 earnings per share for the current year.

Jupiter Fund Management Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Thursday, April 17th will be issued a GBX 2.20 ($0.03) dividend. This represents a dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, April 17th. Jupiter Fund Management’s dividend payout ratio is -403.98%.

Insider Buying and Selling

In other Jupiter Fund Management news, insider David Cruickshank bought 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average cost of GBX 74 ($0.95) per share, with a total value of £74,000 ($94,556.61). Also, insider Dale Jane Murray purchased 33,000 shares of Jupiter Fund Management stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average price of GBX 75 ($0.96) per share, for a total transaction of £24,750 ($31,625.35). 25.22% of the stock is owned by insiders.

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.