First Pacific Advisors LP lowered its stake in shares of Jefferies Financial Group Inc. (NYSE:JEF – Get Rating) by 0.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,744,478 shares of the financial services provider's stock after selling 26,167 shares during the quarter. Jefferies Financial Group comprises 2.7% of First Pacific Advisors LP's holdings, making the stock its 15th largest holding. First Pacific Advisors LP's holdings in Jefferies Financial Group were worth $169,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Denali Advisors LLC boosted its holdings in Jefferies Financial Group by 80.0% in the second quarter. Denali Advisors LLC now owns 900 shares of the financial services provider's stock worth $25,000 after acquiring an additional 400 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in Jefferies Financial Group by 155.2% in the second quarter. Quadrant Capital Group LLC now owns 1,026 shares of the financial services provider's stock worth $28,000 after acquiring an additional 624 shares in the last quarter. Ellevest Inc. acquired a new stake in Jefferies Financial Group in the third quarter worth about $29,000. Parallel Advisors LLC boosted its holdings in Jefferies Financial Group by 64.5% in the second quarter. Parallel Advisors LLC now owns 1,189 shares of the financial services provider's stock worth $33,000 after acquiring an additional 466 shares in the last quarter. Finally, Ronald Blue Trust Inc. boosted its holdings in Jefferies Financial Group by 332.2% in the third quarter. Ronald Blue Trust Inc. now owns 1,556 shares of the financial services provider's stock worth $43,000 after acquiring an additional 1,196 shares in the last quarter. Institutional investors own 66.04% of the company's stock.

Jefferies Financial Group Stock Performance

JEF stock traded up $0.32 during trading on Monday, hitting $38.39. 52,282 shares of the company traded hands, compared to its average volume of 2,042,063. The stock's 50-day simple moving average is $36.82 and its 200 day simple moving average is $33.85. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.11 and a quick ratio of 2.11. The company has a market cap of $8.78 billion, a PE ratio of 12.56 and a beta of 1.40. Jefferies Financial Group Inc. has a 1 year low of $25.88 and a 1 year high of $40.80.

Jefferies Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 24th. Investors of record on Monday, February 13th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.13%. The ex-dividend date is Friday, February 10th. Jefferies Financial Group's dividend payout ratio is currently 39.60%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on JEF. Oppenheimer lowered their price target on Jefferies Financial Group to $46.00 in a report on Wednesday, October 5th. Keefe, Bruyette & Woods downgraded Jefferies Financial Group from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from $38.00 to $37.00 in a report on Wednesday, December 21st. StockNews.com assumed coverage on Jefferies Financial Group in a report on Wednesday, October 12th. They set a "hold" rating for the company. Finally, The Goldman Sachs Group downgraded Jefferies Financial Group from a "buy" rating to a "neutral" rating and set a $40.00 target price for the company. in a report on Tuesday, January 10th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Jefferies Financial Group presently has a consensus rating of "Hold" and a consensus target price of $37.75.

About Jefferies Financial Group

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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. The Investment Banking, Capital Markets, and Asset Management segment consists of investments in Jefferies Group.

Read More

• Get a free copy of the StockNews.com research report on Jefferies Financial Group (JEF)
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