Allspring Global Investments Holdings LLC lifted its stake in Jefferies Financial Group Inc. (NYSE:JEF – Free Report) by 9.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,990,180 shares of the financial services provider’s stock after acquiring an additional 578,013 shares during the quarter. Jefferies Financial Group accounts for 0.6% of Allspring Global Investments Holdings LLC’s investment portfolio, making the stock its 18th largest position. Allspring Global Investments Holdings LLC owned 3.39% of Jefferies Financial Group worth $388,374,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. Teacher Retirement System of Texas lifted its holdings in shares of Jefferies Financial Group by 38.6% in the 1st quarter. Teacher Retirement System of Texas now owns 29,542 shares of the financial services provider’s stock worth $1,583,000 after acquiring an additional 8,229 shares during the last quarter. Richard Bernstein Advisors LLC acquired a new position in shares of Jefferies Financial Group in the 1st quarter worth approximately $2,467,000. Janney Montgomery Scott LLC lifted its holdings in shares of Jefferies Financial Group by 18.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 4,922 shares of the financial services provider’s stock worth $264,000 after acquiring an additional 768 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Jefferies Financial Group in the 1st quarter worth approximately $262,000. Finally, GF Fund Management CO. LTD. purchased a new stake in Jefferies Financial Group during the 1st quarter worth approximately $462,000. 60.88% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on JEF. Telsey Advisory Group set a $74.00 target price on shares of Jefferies Financial Group in a research note on Tuesday, September 30th. Morgan Stanley set a $74.00 target price on shares of Jefferies Financial Group in a research note on Wednesday. Zacks Research raised shares of Jefferies Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 3rd. Wall Street Zen raised shares of Jefferies Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, September 20th. Finally, BMO Capital Markets began coverage on shares of Jefferies Financial Group in a research note on Friday, October 3rd. They set a “market perform” rating and a $69.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.
Jefferies Financial Group Trading Down 4.1%
NYSE JEF opened at $50.85 on Monday. The company has a market capitalization of $10.49 billion, a price-to-earnings ratio of 17.47 and a beta of 1.51. The firm’s fifty day moving average price is $62.83 and its 200 day moving average price is $55.25. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.05 and a quick ratio of 1.05. Jefferies Financial Group Inc. has a 12 month low of $39.28 and a 12 month high of $82.68.
Jefferies Financial Group (NYSE:JEF – Get Free Report) last issued its quarterly earnings results on Monday, September 29th. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.22. Jefferies Financial Group had a net margin of 7.40% and a return on equity of 7.25%. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the prior year, the business earned $0.75 EPS. Jefferies Financial Group’s quarterly revenue was up 21.6% compared to the same quarter last year. On average, sell-side analysts expect that Jefferies Financial Group Inc. will post 4.41 earnings per share for the current fiscal year.
Jefferies Financial Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 17th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Monday, November 17th. Jefferies Financial Group’s dividend payout ratio (DPR) is 54.98%.
About Jefferies Financial Group
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.
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