Jefferies Financial Group Inc. (NYSE:JEF) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. reduced its position in shares of Jefferies Financial Group Inc. (NYSE:JEF) by 4.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 184,347 shares of the financial services provider’s stock after selling 8,295 shares during the quarter. Corebridge Financial Inc.’s holdings in Jefferies Financial Group were worth $14,453,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Hemington Wealth Management grew its position in shares of Jefferies Financial Group by 71.8% in the fourth quarter. Hemington Wealth Management now owns 335 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 140 shares during the period. V Square Quantitative Management LLC acquired a new stake in Jefferies Financial Group in the 4th quarter worth about $27,000. Stephens Consulting LLC purchased a new stake in Jefferies Financial Group in the 4th quarter valued at about $29,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Jefferies Financial Group during the 3rd quarter valued at about $32,000. Finally, GAMMA Investing LLC lifted 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 acquiring an additional 315 shares during the period. 60.88% of the stock is currently owned by institutional investors and hedge funds.

Jefferies Financial Group Stock Performance

Shares of JEF stock opened at $61.74 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.57. The company has a market cap of $12.73 billion, a PE ratio of 20.72 and a beta of 1.37. The company’s fifty day simple moving average is $67.68 and its 200-day simple moving average is $69.58. Jefferies Financial Group Inc. has a 52 week low of $40.72 and a 52 week high of $82.68.

Jefferies Financial Group (NYSE:JEF) last released its quarterly earnings data on Wednesday, January 8th. The financial services provider reported $0.91 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.06). Jefferies Financial Group had a net margin of 10.57% and a return on equity of 7.92%. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same period last year, the business earned $0.30 earnings per share. The company’s revenue for the quarter was up 63.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Jefferies Financial Group Inc. will post 4.41 EPS for the current year.

Jefferies Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Friday, February 14th were given a dividend of $0.40 per share. The ex-dividend date was Friday, February 14th. This is a positive change from Jefferies Financial Group’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 2.59%. Jefferies Financial Group’s payout ratio is 53.69%.

Analyst Upgrades and Downgrades

JEF has been the subject of several research analyst reports. Morgan Stanley dropped their price target on shares of Jefferies Financial Group from $92.00 to $81.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Oppenheimer downgraded Jefferies Financial Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. Finally, The Goldman Sachs Group set a $75.00 target price on Jefferies Financial Group in a report on Wednesday, March 5th.

Jefferies Financial Group 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.