Korea Investment CORP trimmed its holdings in shares of Jefferies Financial Group Inc (NYSE:JEF) by 23.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,459 shares of the financial services provider’s stock after selling 8,200 shares during the period. Korea Investment CORP’s holdings in Jefferies Financial Group were worth $603,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the business. American International Group Inc. lifted its position in Jefferies Financial Group by 1.4% during the third quarter. American International Group Inc. now owns 182,674 shares of the financial services provider’s stock valued at $4,012,000 after buying an additional 2,457 shares in the last quarter. DNB Asset Management AS lifted its position in Jefferies Financial Group by 7.1% during the third quarter. DNB Asset Management AS now owns 42,140 shares of the financial services provider’s stock valued at $925,000 after buying an additional 2,800 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in Jefferies Financial Group during the second quarter valued at approximately $106,000. Victory Capital Management Inc. acquired a new position in Jefferies Financial Group during the second quarter valued at approximately $108,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Jefferies Financial Group during the second quarter valued at approximately $109,000. 76.98% of the stock is currently owned by hedge funds and other institutional investors.
NYSE JEF opened at $19.02 on Friday. Jefferies Financial Group Inc has a 52 week low of $18.85 and a 52 week high of $28.30. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market cap of $6.32 billion, a PE ratio of 13.49 and a beta of 1.03.
Jefferies Financial Group (NYSE:JEF) last posted its earnings results on Thursday, October 25th. The financial services provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). Jefferies Financial Group had a return on equity of 5.07% and a net margin of 10.07%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $869.80 million. As a group, equities research analysts anticipate that Jefferies Financial Group Inc will post 1.27 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Monday, November 19th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, November 16th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.63%. Jefferies Financial Group’s payout ratio is currently 30.30%.
A number of brokerages have weighed in on JEF. Zacks Investment Research cut shares of Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Keefe, Bruyette & Woods began coverage on shares of Jefferies Financial Group in a research report on Monday, August 20th. They set an “outperform” rating and a $29.00 target price on the stock.
Jefferies Financial Group Profile
Jefferies Financial Group Inc, a financial services company, offers a range of products and services in investment banking, equities, fixed income, and wealth management in the Americas, Europe, and Asia. It engages in the debt capital market, equity capital market, merger and acquisition, private capital advisory, and restructuring and recapitalization businesses.
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