Citigroup Inc. Has $8.20 Million Position in Jefferies Financial Group Inc. (NYSE:JEF)

Citigroup Inc. reduced its holdings in Jefferies Financial Group Inc. (NYSE:JEF) by 88.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 239,645 shares of the financial services provider’s stock after selling 1,822,239 shares during the quarter. Citigroup Inc. owned about 0.10% of Jefferies Financial Group worth $8,197,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Convergence Investment Partners LLC raised its stake in shares of Jefferies Financial Group by 0.8% in the second quarter. Convergence Investment Partners LLC now owns 47,478 shares of the financial services provider’s stock valued at $1,624,000 after purchasing an additional 355 shares in the last quarter. Pitcairn Co. raised its stake in shares of Jefferies Financial Group by 2.1% in the first quarter. Pitcairn Co. now owns 17,658 shares of the financial services provider’s stock valued at $532,000 after purchasing an additional 359 shares in the last quarter. State of Wisconsin Investment Board raised its stake in shares of Jefferies Financial Group by 1.5% in the first quarter. State of Wisconsin Investment Board now owns 28,319 shares of the financial services provider’s stock valued at $852,000 after purchasing an additional 408 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Jefferies Financial Group by 0.6% in the second quarter. PNC Financial Services Group Inc. now owns 84,446 shares of the financial services provider’s stock valued at $2,887,000 after purchasing an additional 467 shares in the last quarter. Finally, AMG National Trust Bank raised its stake in shares of Jefferies Financial Group by 1.7% in the first quarter. AMG National Trust Bank now owns 40,807 shares of the financial services provider’s stock valued at $1,228,000 after purchasing an additional 685 shares in the last quarter. 68.38% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently commented on the company. Oppenheimer assumed coverage on Jefferies Financial Group in a research note on Monday, June 28th. They issued a “buy” rating and a $40.00 target price for the company. The Goldman Sachs Group began coverage on Jefferies Financial Group in a research note on Monday. They set a “buy” rating and a $45.00 price objective for the company. Finally, Zacks Investment Research lowered Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note on Monday, August 30th.

In related news, Chairman Joseph S. Steinberg sold 97,033 shares of the firm’s stock in a transaction dated Monday, August 9th. The stock was sold at an average price of $35.05, for a total value of $3,401,006.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Melissa Weiler purchased 4,000 shares of the firm’s stock in a transaction that occurred on Monday, July 19th. The stock was purchased at an average price of $32.00 per share, for a total transaction of $128,000.00. Following the acquisition, the director now owns 4,000 shares of the company’s stock, valued at $128,000. The disclosure for this purchase can be found here. Company insiders own 17.10% of the company’s stock.

Jefferies Financial Group stock opened at $36.30 on Thursday. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.31 and a quick ratio of 2.31. The stock has a fifty day moving average price of $35.15 and a two-hundred day moving average price of $33.15. Jefferies Financial Group Inc. has a 52-week low of $17.05 and a 52-week high of $37.85. The firm has a market capitalization of $8.97 billion, a P/E ratio of 6.47 and a beta of 1.49.

Jefferies Financial Group (NYSE:JEF) last announced its earnings results on Sunday, June 27th. The financial services provider reported $1.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.40. Jefferies Financial Group had a return on equity of 16.08% and a net margin of 19.62%. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.56 billion. On average, equities research analysts predict that Jefferies Financial Group Inc. will post 4.76 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 27th. Stockholders of record on Monday, August 16th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 13th. This is a positive change from Jefferies Financial Group’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.75%. Jefferies Financial Group’s dividend payout ratio (DPR) is 37.74%.

About Jefferies Financial Group

Jefferies Financial Group, Inc is a holding company, which engages in the provision of financial services. It operates through the following segments: Investment Banking, Capital Markets, and Asset Management; Merchant Banking; and Corporate segments. The Investment Banking, Capital Markets, and Asset Management segment consists of investments in Jefferies Group.

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Institutional Ownership by Quarter for Jefferies Financial Group (NYSE:JEF)

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