Jupiter Fund Management Executes Share Buyback

Jupiter Fund Management Plc ( (GB:JUP) ) just unveiled an announcement.

Jupiter Fund Management Plc has executed a share buyback transaction, purchasing 100,000 of its ordinary shares at a weighted average price of £1.298239 per share. This move is part of its ongoing share buyback programme, aimed at consolidating its capital structure by holding the purchased shares in Treasury. Following this transaction, the company holds a total of 15,006,581 shares in Treasury, with 529,972,929 shares remaining in issue. This action may impact shareholder voting rights and is aligned with the company’s strategy to manage its equity base effectively.

The most recent analyst rating on (GB:JUP) stock is a Hold with a £0.92 price target. To see the full list of analyst forecasts on Jupiter Fund Management Plc stock, see the GB:JUP Stock Forecast page.

Spark’s Take on GB:JUP Stock

According to Spark, TipRanks’ AI Analyst, GB:JUP is a Neutral.

Jupiter Fund Management Plc’s overall stock score is supported by strong corporate actions, including a strategic acquisition and share buybacks, which bolster shareholder value and capital structure. While the valuation is attractive due to a high dividend yield, technical indicators suggest caution due to potential overbought conditions. The financial performance shows strengths in equity and cash generation but faces challenges with declining revenue and profitability.

To see Spark’s full report on GB:JUP stock, click here.

More about Jupiter Fund Management Plc

Jupiter Fund Management Plc is a company operating in the financial services industry, primarily focusing on investment management. It offers a range of investment products and services to individual and institutional investors, with a market focus on managing funds across various asset classes.

Average Trading Volume: 1,291,977

Technical Sentiment Signal: Buy

Current Market Cap: £667.6M

For detailed information about JUP stock, go to TipRanks’ Stock Analysis page.