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|Jupiter Fnd Daily Update: Jupiter Fnd is listed in the General Financial sector of the London Stock Exchange with ticker JUP. The last closing price for Jupiter Fnd was 443.30p.|
Jupiter Fnd has a 4 week average price of 442.44p and a 12 week average price of 431.35p.
The 1 year high share price is 481.30p while the 1 year low share price is currently 324.60p.
There are currently 457,699,916 shares in issue and the average daily traded volume is 828,632 shares. The market capitalisation of Jupiter Fnd is £2,013,879,630.40.
|quepassa: An outstanding Trading Update from Jupiter Fund Management today.
The last quarter to December 31st 2013 for Jupiter brought net inflows of more than £half-a-billion. This is further bolstered by market gains of £1.26bn.
This stands in stark contrast to the weak figures yesterday from less credible Ashmore.
The strong Jupiter results plus very positive outlook from Jupiter bode well in my view for investors in Jupiter.
"we are confident we can continue to deliver profitable growth at attractive margins and, within our sustainable balance sheet structure, share the rewards of this growth with our investors."
The Trading Update also states that Jupiter wish to share the rewards with investors which I personally interpret as a strong likelihood of a notable increase in dividend.
From the end of Q4 2012 to the end of Q4 2013 Assets Under Management at Jupiter have surged from £26.3bn to £31.7bn. That's an astonishing increase of £5.4billion or 20%.
Further potential increases in dividend by Jupiter will undoubtedly underpin and further boost their share price.
An excellent performance.
ALL IMO. DYOR.
|quepassa: Fourth Quarter trading update from Jupiter next Wednesday 15th. January.
Expecting a very positive update with significant growth in Assets Under Management.
Share price currently 384p.
Several brokers have Target Prices ahead of 400p, including:-
The Panmure Target Price was put out on 9th. December as a REITERATION with BUY recommendation. They have a Target of 470p which is more than 20% ahead of today's share price
Jupiter appear slightly overlooked and perhaps set for some good growth in share price
For the half-year report released on 1st August 2013, Jupiter increased the interim dividend by an astonishing 40%. ( forty ).
Personally, I am expectant that they will similarly increase the final dividend to be announced on 27th. February.
Market cap. now a chunky £1.72billion. The stock is trading on a respectable yield of 2.5%. If the final dividend is increased by 40%, the prospective yield will move to 3.2%.
The likely increase in dividend will, together with an expected strong performance, further underpin and propel the share price in my view.
ALL IMO. DYOR.
Jupiter Fnd share price data is direct from the London Stock Exchange