Blue Trust Inc. boosted its stake in shares of Jefferies Financial Group Inc. (NYSE:JEF – Free Report) by 39.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,059 shares of the financial services provider’s stock after purchasing an additional 2,009 shares during the quarter. Blue Trust Inc.’s holdings in Jefferies Financial Group were worth $553,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. GAMMA Investing LLC boosted its holdings in shares of Jefferies Financial Group by 158.3% during the 4th quarter. GAMMA Investing LLC now owns 514 shares of the financial services provider’s stock worth $40,000 after buying an additional 315 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Jefferies Financial Group during the third quarter worth approximately $32,000. Eastern Bank acquired a new position in shares of Jefferies Financial Group in the third quarter valued at approximately $42,000. Creative Financial Designs Inc. ADV increased its stake in shares of Jefferies Financial Group by 68.1% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,071 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 434 shares during the period. Finally, Quarry LP acquired a new stake in Jefferies Financial Group during the 3rd quarter worth approximately $70,000. 60.88% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
JEF has been the topic of a number of research reports. Oppenheimer decreased their price objective on Jefferies Financial Group from $82.00 to $81.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Morgan Stanley raised shares of Jefferies Financial Group from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $67.00 to $97.00 in a research report on Monday, December 9th.
Jefferies Financial Group Trading Up 1.9 %
Shares of NYSE:JEF opened at $77.15 on Friday. The business’s 50 day simple moving average is $77.75 and its 200 day simple moving average is $67.17. Jefferies Financial Group Inc. has a 1 year low of $39.58 and a 1 year high of $82.68. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $15.85 billion, a P/E ratio of 25.89 and a beta of 1.35.
Jefferies Financial Group (NYSE:JEF – Get Free Report) last released its earnings results on Wednesday, January 8th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.06). The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.83 billion. Jefferies Financial Group had a return on equity of 7.97% and a net margin of 10.57%. The business’s revenue for the quarter was up 63.4% compared to the same quarter last year. During the same period last year, the company posted $0.30 earnings per share. On average, research analysts anticipate that Jefferies Financial Group Inc. will post 4.55 EPS for the current fiscal year.
Jefferies Financial Group Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Friday, February 14th will be given a $0.40 dividend. The ex-dividend date is Friday, February 14th. This is a boost from Jefferies Financial Group’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a dividend yield of 2.07%. Jefferies Financial Group’s payout ratio is presently 46.98%.
Insider Transactions at Jefferies Financial Group
In other Jefferies Financial Group news, President Brian P. Friedman sold 393,397 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $72.17, for a total transaction of $28,391,461.49. Following the completion of the transaction, the president now directly owns 560,507 shares in the company, valued at $40,451,790.19. The trade was a 41.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard B. Handler sold 400,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $72.26, for a total value of $28,904,000.00. Following the completion of the sale, the chief executive officer now directly owns 14,971,288 shares in the company, valued at approximately $1,081,825,270.88. This represents a 2.60 % decrease in their position. The disclosure for this sale can be found here. 20.40% of the stock is currently owned by insiders.
Jefferies Financial Group Company Profile
Jefferies Financial Group Inc operates as an investment banking and capital markets firm in the Americas, Europe, the Middle East, and the Asia-Pacific. The company operates in two segments, Investment Banking and Capital Markets, and Asset Management. It provides investment banking, advisory services with respect to mergers or acquisitions, debt financing, restructurings or recapitalizations, and private capital advisory transactions; underwriting and placement services related to corporate debt, municipal bonds, mortgage-backed and asset-backed securities, equity and equity-linked securities, and loan syndication services; and corporate lending services.
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