Numis Securities cut shares of Jupiter Fund Management (LON:JUP) to a hold rating in a research note issued to investors on Tuesday morning, Digital Look reports. They currently have GBX 390 ($5.10) price objective on the stock.

Other equities analysts have also recently issued reports about the stock. Shore Capital reaffirmed a buy rating on shares of Jupiter Fund Management in a report on Tuesday, January 22nd. Peel Hunt reaffirmed a hold rating on shares of Jupiter Fund Management in a report on Tuesday, February 26th. Berenberg Bank lifted their target price on shares of Jupiter Fund Management from GBX 344 ($4.49) to GBX 357 ($4.66) and gave the company a hold rating in a report on Wednesday, March 6th. Jefferies Financial Group cut their target price on shares of Jupiter Fund Management from GBX 480 ($6.27) to GBX 369 ($4.82) and set a hold rating on the stock in a report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. cut their target price on shares of Jupiter Fund Management from GBX 360 ($4.70) to GBX 325 ($4.25) and set a neutral rating on the stock in a report on Friday, January 11th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Jupiter Fund Management presently has an average rating of Hold and a consensus target price of GBX 373.10 ($4.88).

Shares of Jupiter Fund Management stock opened at GBX 398 ($5.20) on Tuesday. The firm has a market capitalization of $1.77 billion and a PE ratio of 12.80. Jupiter Fund Management has a 12 month low of GBX 274.10 ($3.58) and a 12 month high of GBX 490.70 ($6.41).

The company also recently disclosed a dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 14th were given a GBX 20.60 ($0.27) dividend. This represents a yield of 5.68%. This is a positive change from Jupiter Fund Management’s previous dividend of $7.90. The ex-dividend date was Thursday, March 14th. Jupiter Fund Management’s dividend payout ratio (DPR) is 0.55%.

In other news, insider Andrew Formica acquired 150,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were purchased at an average cost 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 Jupiter Fund Management stock in a transaction on 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).

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.

Recommended Story: Federal Reserve

Analyst Recommendations for Jupiter Fund Management (LON:JUP)

Receive News & Ratings for Jupiter Fund Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jupiter Fund Management and related companies with MarketBeat.com's FREE daily email newsletter.