Jupiter Fund Management (LON:JUP) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Jupiter Fund Management Plc (LON:JUP) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 83.20 ($1.09) and traded as high as GBX 88.30 ($1.16). Jupiter Fund Management shares last traded at GBX 87.60 ($1.15), with a volume of 653,641 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 100 ($1.31) target price on shares of Jupiter Fund Management in a research report on Tuesday, September 3rd. Morgan Stanley lowered their target price on Jupiter Fund Management from GBX 92 ($1.20) to GBX 91 ($1.19) and set an “equal weight” rating for the company in a report on Thursday, July 18th. Finally, UBS Group upgraded Jupiter Fund Management to a “neutral” rating in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of GBX 85.40 ($1.12).

Jupiter Fund Management Stock Performance

The business has a 50-day moving average of GBX 83.89 and a two-hundred day moving average of GBX 83.21. The company has a debt-to-equity ratio of 11.23, a current ratio of 1.70 and a quick ratio of 1.79. The company has a market cap of £442.28 million, a P/E ratio of -4,300.00 and a beta of 1.42.

Jupiter Fund Management Cuts Dividend

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

Insider Buying and Selling

In other news, insider Wayne Mepham sold 57,059 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of GBX 81 ($1.06), for a total transaction of £46,217.79 ($60,486.57). 25.22% of the stock is currently owned by company 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.