Jupiter Fund Management (LON:JUP) Shares Cross Above 200-Day Moving Average of $83.48

Jupiter Fund Management Plc (LON:JUP) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 83.48 ($1.10) and traded as high as GBX 87.60 ($1.16). Jupiter Fund Management shares last traded at GBX 87.60 ($1.16), with a volume of 807,841 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on JUP. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 100 ($1.32) price objective on shares of Jupiter Fund Management in a report on Tuesday, September 3rd. UBS Group raised shares of Jupiter Fund Management to a “neutral” rating in a report on Wednesday, August 14th. Finally, Morgan Stanley cut their price target on shares of Jupiter Fund Management from GBX 92 ($1.22) to GBX 91 ($1.20) and set an “equal weight” rating for the company in a report on Thursday, July 18th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, Jupiter Fund Management presently has a consensus rating of “Hold” and an average target price of GBX 85.40 ($1.13).

Jupiter Fund Management Stock Performance

The stock’s 50-day moving average is GBX 83.57 and its 200-day moving average is GBX 83.48. The firm has a market capitalization of £450.51 million, a price-to-earnings ratio of -4,380.00 and a beta of 1.42. The company has a current ratio of 1.70, a quick ratio of 1.79 and a debt-to-equity ratio of 11.23.

Jupiter Fund Management Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 8th were given a dividend of GBX 3.20 ($0.04) per share. This represents a yield of 3.88%. The ex-dividend date was Thursday, August 8th. Jupiter Fund Management’s dividend payout ratio is -35,000.00%.

Insider Buying and Selling

In related news, insider Wayne Mepham sold 57,059 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of GBX 81 ($1.07), for a total transaction of £46,217.79 ($61,053.88). 26.39% 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.