Shares of Jupiter Fund Management PLC (LON:JUP) have been assigned a consensus rating of “Hold” from the twelve brokerages that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 397.60 ($5.20).

Several equities analysts recently issued reports on JUP shares. Shore Capital reissued a “buy” rating on shares of Jupiter Fund Management in a report on Tuesday, January 22nd. Numis Securities reissued a “hold” rating and set a GBX 300 ($3.92) price target on shares of Jupiter Fund Management in a report on Wednesday, January 2nd. Peel Hunt reissued a “hold” rating on shares of Jupiter Fund Management in a report on Tuesday, February 26th. UBS Group reissued a “sell” rating on shares of Jupiter Fund Management in a report on Monday, February 25th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Jupiter Fund Management from GBX 325 ($4.25) to GBX 340 ($4.44) and gave the company a “neutral” rating in a report on Monday, March 4th.

In related news, insider Andrew Formica acquired 150,000 shares of the stock in a transaction on Monday, March 4th. The stock was purchased at an average price of GBX 369 ($4.82) per share, for a total transaction of £553,500 ($723,245.79). Also, insider Edward Bonham Carter sold 32,490 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of GBX 364 ($4.76), for a total transaction of £118,263.60 ($154,532.34).

JUP stock traded down GBX 0.30 ($0.00) during trading on Thursday, hitting GBX 350 ($4.57). 665,648 shares of the stock traded hands, compared to its average volume of 2,620,000. Jupiter Fund Management has a one year low of GBX 274.10 ($3.58) and a one year high of GBX 490.70 ($6.41). The company has a market capitalization of $1.56 billion and a P/E ratio of 11.25.

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 GBX 20.60 ($0.27) dividend. This represents a yield of 5.68%. The ex-dividend date is Thursday, March 14th. This is a boost from Jupiter Fund Management’s previous dividend of $7.90. Jupiter Fund Management’s dividend payout ratio (DPR) is presently 0.55%.

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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Analyst Recommendations for Jupiter Fund Management (LON:JUP)

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