Jupiter Fund Management Plc ( (GB:JUP) ) just unveiled an announcement.
Jupiter Fund Management Plc has executed a share buyback transaction, purchasing 400,000 of its ordinary shares on the London Stock Exchange at a weighted average price of £0.687850 per share. This move is part of a previously announced buyback programme, and the purchased shares will be held in Treasury. The transaction impacts the company’s total voting rights, now standing at 538,279,410, which is relevant for shareholders under the FCA’s Disclosure Guidance and Transparency Rules.
Spark’s Take on GB:JUP Stock
According to Spark, TipRanks’ AI Analyst, GB:JUP is a Neutral.
Jupiter Fund Management Plc demonstrates strong equity positioning and strategic capital management through share buybacks, positively impacting shareholder value. However, the declining revenue trend and bearish technical indicators pose challenges. Its attractive valuation with a low P/E ratio and a high dividend yield provides an opportunity for value and income investors.
To see Spark’s full report on GB:JUP stock, click here.
More about Jupiter Fund Management Plc
Jupiter Fund Management Plc operates in the financial services industry, focusing on investment management. The company provides a range of investment products and services, catering to individual and institutional investors, with a market presence primarily in the UK.
YTD Price Performance: -16.61%
Average Trading Volume: 1,386,847
Technical Sentiment Signal: Strong Buy
Current Market Cap: £350.6M
Learn more about JUP stock on TipRanks’ Stock Analysis page.