Bogart Wealth LLC lifted its stake in Jefferies Financial Group Inc. (NYSE:JEF – Get Rating) by 6,324.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,212 shares of the financial services provider's stock after purchasing an additional 3,162 shares during the period. Bogart Wealth LLC's holdings in Jefferies Financial Group were worth $95,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Teacher Retirement System of Texas increased its stake in shares of Jefferies Financial Group by 56.8% in the 3rd quarter. Teacher Retirement System of Texas now owns 48,192 shares of the financial services provider's stock worth $1,422,000 after acquiring an additional 17,454 shares in the last quarter. SMH Capital Advisors Inc. bought a new stake in Jefferies Financial Group during the 3rd quarter valued at about $241,000. Ellevest Inc. bought a new stake in Jefferies Financial Group during the 3rd quarter valued at about $29,000. Hartford Investment Management Co. increased its stake in Jefferies Financial Group by 27.6% during the 3rd quarter. Hartford Investment Management Co. now owns 39,111 shares of the financial services provider's stock valued at $1,154,000 after purchasing an additional 8,468 shares in the last quarter. Finally, PGGM Investments bought a new stake in Jefferies Financial Group during the 3rd quarter valued at about $1,456,000. 66.04% of the stock is owned by hedge funds and other institutional investors.
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Insider Buying and Selling at Jefferies Financial Group
In other news, President Brian P. Friedman sold 500,000 shares of Jefferies Financial Group stock in a transaction that occurred on Monday, October 24th. The shares were sold at an average price of $32.85, for a total transaction of $16,425,000.00. Following the sale, the president now owns 6,722,213 shares in the company, valued at $220,824,697.05. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 17.90% of the company's stock.
Analyst Ratings Changes
A number of analysts have weighed in on JEF shares. Oppenheimer reduced their price objective on shares of Jefferies Financial Group to $46.00 in a research note on Wednesday, October 5th. StockNews.com started coverage on shares of Jefferies Financial Group in a research note on Wednesday, October 12th. They set a "hold" rating for the company. The Goldman Sachs Group lowered shares of Jefferies Financial Group from a "buy" rating to a "neutral" rating and set a $40.00 price target for the company. in a research note on Tuesday, January 10th. Finally, Keefe, Bruyette & Woods lowered shares of Jefferies Financial Group from an "outperform" rating to a "market perform" rating and reduced their price target for the stock from $38.00 to $37.00 in a research note on Wednesday, December 21st. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $37.75.
Jefferies Financial Group Stock Performance
Shares of JEF stock opened at $38.07 on Friday. The company has a 50 day moving average price of $36.82 and a 200-day moving average price of $33.77. Jefferies Financial Group Inc. has a 52 week low of $25.88 and a 52 week high of $40.80. The firm has a market capitalization of $8.71 billion, a PE ratio of 12.56 and a beta of 1.40. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.96.
Jefferies Financial Group (NYSE:JEF – Get Rating) last posted its quarterly earnings data on Monday, January 9th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.57. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.25 billion. Jefferies Financial Group had a net margin of 12.90% and a return on equity of 8.32%. The firm's revenue was down 20.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.36 earnings per share. As a group, equities research analysts expect that Jefferies Financial Group Inc. will post 3.39 earnings per share for the current year.
Jefferies Financial Group Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, February 24th. Shareholders of record on Monday, February 13th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.15%. The ex-dividend date is Friday, February 10th. Jefferies Financial Group's dividend payout ratio is currently 39.60%.
Jefferies Financial Group Company Profile
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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.
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