Jupiter Fund Management PLC (LSE: JUP)

Jupiter Fund Management PLC (LSE: JUP) is an FTSE 250 index listed fund manager. The principal activity of the Company is to act as a holding company for a group of investment management companies. The Company focuses primarily on managing equity investments on behalf of retail, institutional, and private client investors across a range of products, including the United Kingdom and offshore mutual funds, segregated mandates, and investment trusts.

Interim Results (H1 FY23, released on 27 July 2023)

• Improvement in Asset Under Management: The company reported a marginal increase of 2% to GBP 51.4 bn in AUM during H1 FY23 versus GBP 48.8 bn in H1 FY22, which was on account of improved market movements. The gross flows were reported at GBP 7.7 bn and the company generated small positive net inflows across the reported period.
• Profitability: The underlying profit before tax of the group was improved by 56% to GBP 46.4 mn in the reported period (H1 FY23) as compared to the underlying profit before tax of GBP 29.7 mn in pcp. Further, the statutory profit of the company increased by 85% to GBP 34.8 mn in H1 FY23 against GBP 18.8 mn in pcp.
• Dividend Declaration & Share Repurchase: The management announced an interim dividend of GBX 3.5 per share along with a special dividend of GBX 2.9 per share, which will be paid on 01 September 2023.

Share Price Chart

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Jupiter Fund Management PLC (LSE: JUP) was trading at the closing market price at GBX 94.15 (as of 21 August 2023).

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 21 August 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’

Note 4: Dividend Yield may vary as per the stock price movement.

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