Jupiter Fund Management PLC (LON:JUP) announced a dividend on Wednesday, July 29th, Upcoming.Co.Uk reports. Investors of record on Thursday, August 6th will be given a dividend of GBX 7.90 ($0.10) per share on Wednesday, August 26th. This represents a yield of 3.38%. The ex-dividend date is Thursday, August 6th. The official announcement can be viewed at this link.
LON JUP traded up GBX 2 ($0.02) during trading hours on Thursday, reaching GBX 233.60 ($2.87). 2,785,277 shares of the company’s stock were exchanged, compared to its average volume of 2,620,000. The stock has a market cap of $1.29 billion and a PE ratio of 8.72. The firm has a fifty day moving average of GBX 250.38 and a 200-day moving average of GBX 274.43. Jupiter Fund Management has a one year low of GBX 2.52 ($0.03) and a one year high of GBX 437.80 ($5.39). The company has a current ratio of 2.14, a quick ratio of 2.11 and a debt-to-equity ratio of 9.40.
JUP has been the topic of a number of recent analyst reports. Shore Capital reaffirmed a “hold” rating on shares of Jupiter Fund Management in a report on Wednesday. Credit Suisse Group upgraded Jupiter Fund Management to a “neutral” rating and boosted their price target for the stock from GBX 200 ($2.46) to GBX 250 ($3.08) in a research report on Thursday, June 25th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Jupiter Fund Management in a report on Monday, July 13th. UBS Group reaffirmed a “buy” rating on shares of Jupiter Fund Management in a research note on Monday. Finally, Canaccord Genuity raised Jupiter Fund Management to a “buy” rating and cut their target price for the stock from GBX 362 ($4.45) to GBX 249 ($3.06) in a research report on Friday, April 24th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Jupiter Fund Management presently has a consensus rating of “Hold” and an average price target of GBX 248.33 ($3.06).
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.
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