TheStreet upgraded shares of Jupai Holdings Limited (NYSE:JP) from a c rating to a b- rating in a research note issued to investors on Friday morning.
Separately, ValuEngine raised shares of Jupai Holdings Limited from a hold rating to a buy rating in a report on Monday, August 7th.
Shares of Jupai Holdings Limited (NYSE JP) opened at 11.95 on Friday. Jupai Holdings Limited has a 12-month low of $7.36 and a 12-month high of $13.37. The stock has a 50 day moving average of $8.46 and a 200 day moving average of $8.61. The company has a market cap of $357.30 million, a price-to-earnings ratio of 7.82 and a beta of 0.73.
Jupai Holdings Limited (NYSE:JP) last announced its quarterly earnings data on Wednesday, August 16th. The asset manager reported $0.51 earnings per share (EPS) for the quarter. Jupai Holdings Limited had a net margin of 23.54% and a return on equity of 23.15%. The firm had revenue of $64.41 million during the quarter. Equities research analysts predict that Jupai Holdings Limited will post $1.05 earnings per share for the current fiscal year.
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A hedge fund recently raised its stake in Jupai Holdings Limited stock. Acadian Asset Management LLC increased its stake in Jupai Holdings Limited (NYSE:JP) by 367.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,496 shares of the asset manager’s stock after buying an additional 29,480 shares during the period. Acadian Asset Management LLC owned 0.12% of Jupai Holdings Limited worth $292,000 at the end of the most recent reporting period. 0.21% of the stock is currently owned by institutional investors.
About Jupai Holdings Limited
Jupai Holdings Limited (Jupai), formerly Jupai Investment Group, is a Cayman Islands-based third-party wealth management service provider. The Company focuses on distributing wealth management products and providing advisory services to individuals in People’s Republic of China (PRC) who have investable assets in excess of three million Renminbi (RMB).
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