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Jupiter Fund Management's new boss buys-in

By Alexander Bueso

Date: Monday 18 Mar 2019

Jupiter Fund Management's new boss buys-in

(Sharecast News) - Jupiter Fund Management's chief executive officer, Andrew Formica, bought-in shortly after taking up his new post on 1 March.


According to the company, its new boss picked-up 150,000 shares on 15 March at an average price of 346p, for a total transaction amount of £518,787.6.

Previously, on 14 March, Stephen Pearson, the firm's chief investment officer, exercised 43,665 options over stock in the company, selling 20,523 shares immediately afterwards at 349.4p apiece in order to cover tax liabilities that resulted.

But a week before, on 7 March, group vice chairman, Edward Bonham Carter, exercised 32,500 options over shares granted to him under the company's 2014 Long-Term Incentive Plan and the 2018 Deferred Bonus Plan, going on to sell 32,490 shares at 363.9p each.

On the same day that Formica came on board, the fund manager posted a drop in full-year 2018 pre-tax profit of £13.7m to £179.2m as assets under management declined 15% to £42.7bn amid net outflows of £4.6bn.

Following that, on 5 March, analysts at Berenberg lifted their target price on the shares from 344p to 357p, albeit while keeping their recommendation at a 'hold', arguing that there was greater upside to be had elsewhere in the sector.

Top Director Buys

Dwf Group (DWF)
Director name: Sullivan,Chris
Amount purchased: 409,836 @ 122.00p
Value: £499,999.93

Dwf Group (DWF)
Director name: Murria,Vinodka
Amount purchased: 409,836 @ 122.00p
Value: £499,999.93

Jupiter Fund Management (JUP)
Director name: Formica,Andrew
Amount purchased: 131,745 @ 345.00p
Value: £454,520.26

Jupiter Fund Management (JUP)
Director name: Formica,Andrew
Amount purchased: 18,255 @ 352.00p
Value: £64,257.60

Dwf Group (DWF)
Director name: Colaianni,Tea
Amount purchased: 49,180 @ 122.00p
Value: £59,999.60

Standard Life Aberdeen (SLA)
Director name: Raffaeli ,Cathleen
Amount purchased: 9,315 @ 259.55p
Value: £24,177.08

Croma Security Solutions Group (CSSG)
Director name: Morley,Sebastian
Amount purchased: 22,250 @ 96.53p
Value: £21,477.93

Ixico (IXI)
Director name: Spicer,Charles
Amount purchased: 70,175 @ 28.50p
Value: £19,999.87

Dwf Group (DWF)
Director name: Savage,Luke
Amount purchased: 16,393 @ 122.00p
Value: £19,999.46

Synthomer (SYNT)
Director name: Deursen,Holly Van
Amount purchased: 5,000 @ 382.47p
Value: £19,123.55

Bt Group (BT.A)
Director name: Jansen ,Philip
Amount purchased: 813 @ 221.00p
Value: £1,796.73

Kingfisher (KGF)
Director name: Witts,Karen
Amount purchased: 62 @ 242.89p
Value: £150.59

Cls Holdings (CLI)
Director name: Whiteley,John
Amount purchased: 62 @ 242.00p
Value: £150.04

Cls Holdings (CLI)
Director name: Widlund,Fredrik
Amount purchased: 62 @ 242.00p
Value: £150.04

Bae Systems (BA.)
Director name: Woodburn,Charles
Amount purchased: 32 @ 468.80p
Value: £150.02

Share Plc (SHRE)
Director name: Birkett,Mike
Amount purchased: 594 @ 25.25p
Value: £149.98

Share Plc (SHRE)
Director name: Tolkien,Richard
Amount purchased: 594 @ 25.25p
Value: £149.98

Share Plc (SHRE)
Director name: Ecsery,Francesca Eva
Amount purchased: 594 @ 25.25p
Value: £149.98

Share Plc (SHRE)
Director name: Thomas ,Gareth
Amount purchased: 594 @ 25.25p
Value: £149.98

Share Plc (SHRE)
Director name: Stone,Richard William
Amount purchased: 594 @ 25.25p
Value: £149.98

Saga (SAGA)
Director name: Batchelor,Lance
Amount purchased: 129 @ 116.25p
Value: £149.96

Sig (SHI)
Director name: Maddock,Nick
Amount purchased: 99 @ 151.10p
Value: £149.59



Top Director Sells

Big Yellow Group (BYG)
Director name: Vetch,Nicholas
Amount sold: 375,407 @ 984.48p
Value: £3,695,806.83

Dwf Group (DWF)
Director name: Leaitherland,Andrew
Amount sold: 628,057 @ 122.00p
Value: £766,229.56

Dwf Group (DWF)
Director name: Doughty,Matthew
Amount sold: 303,276 @ 122.00p
Value: £369,996.73

Dwf Group (DWF)
Director name: Knowles,Nigel
Amount sold: 242,658 @ 122.00p
Value: £296,042.77

Marshalls (MSLH)
Director name: Clarke,Jack
Amount sold: 9,170 @ 600.20p
Value: £55,038.34

Fisher (james) & Sons (FSJ)
Director name: Henry,Nick
Amount sold: 1,500 @ 2,134.00p
Value: £32,010.00

Aggreko (AGK)
Director name: Hanna,Ken
Amount sold: 3,569 @ 738.00p
Value: £26,339.22

Croma Security Solutions Group (CSSG)
Director name: Morley,Sebastian
Amount sold: 22,250 @ 96.40p
Value: £21,449.00

Wetherspoon (j.d.) (JDW)
Director name: Connor ,Nigel
Amount sold: 1,613 @ 1,310.00p
Value: £21,130.30

Fisher (james) & Sons (FSJ)
Director name: Henry,Nick
Amount sold: 500 @ 2,214.00p
Value: £11,070.00

Fisher (james) & Sons (FSJ)
Director name: Henry,Nick
Amount sold: 500 @ 2,214.00p
Value: £11,070.00

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