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.
Get
Jefferies Financial Group alerts:
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 (NYSE:JEF – Get Rating) last announced its quarterly earnings results on Monday, January 9th. The financial services provider reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. The company had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.25 billion. Jefferies Financial Group had a return on equity of 8.32% and a net
margin of 12.90%. Jefferies Financial Group's quarterly revenue was down 20.4% on a year-over-year basis. During the same period last year, the business earned $1.36 earnings per share. On average, equities analysts expect that Jefferies Financial Group Inc. will post 3.39 earnings per share for the current fiscal year.
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
(Get Rating)
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)
- Tractor Supply Company Shares Could be Headed to New Highs
- Is Canadian Solar Too Hot to Handle?
- UiPath is the Blue-Collar AI Platform to Watch in 2023
- CVS Health is Growing into an Integrated Healthcare Organization
- Is C3.ai Stock a ChatGPT Artificial Intelligence Play?
Want to see what other hedge funds are holding JEF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jefferies Financial Group Inc. (NYSE:JEF – Get Rating).
Receive News & Ratings for Jefferies Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jefferies Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.
