Janney Montgomery Scott LLC Increases Position in Jefferies Financial Group Inc. $JEF

Janney Montgomery Scott LLC grew its stake in Jefferies Financial Group Inc. (NYSE:JEF) by 28.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,325 shares of the financial services provider’s stock after acquiring an additional 1,403 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Jefferies Financial Group were worth $346,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Elequin Capital LP grew its stake in Jefferies Financial Group by 117.9% during the 1st quarter. Elequin Capital LP now owns 549 shares of the financial services provider’s stock worth $29,000 after buying an additional 297 shares during the last quarter. JCIC Asset Management Inc. grew its stake in Jefferies Financial Group by 193.8% during the 1st quarter. JCIC Asset Management Inc. now owns 705 shares of the financial services provider’s stock worth $38,000 after buying an additional 465 shares during the last quarter. GAMMA Investing LLC grew its stake in Jefferies Financial Group by 123.9% during the 1st quarter. GAMMA Investing LLC now owns 1,151 shares of the financial services provider’s stock worth $62,000 after buying an additional 637 shares during the last quarter. IFP Advisors Inc grew its stake in Jefferies Financial Group by 87.9% during the 1st quarter. IFP Advisors Inc now owns 1,387 shares of the financial services provider’s stock worth $74,000 after buying an additional 649 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in Jefferies Financial Group during the 1st quarter worth $78,000. 60.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. The Goldman Sachs Group dropped their target price on Jefferies Financial Group from $84.00 to $74.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. Wall Street Zen upgraded Jefferies Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, September 20th. Zacks Research raised Jefferies Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 3rd. Telsey Advisory Group set a $74.00 price target on Jefferies Financial Group in a research report on Tuesday, September 30th. Finally, Capital One Financial set a $55.00 price target on Jefferies Financial Group in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $68.83.

Jefferies Financial Group Stock Performance

Shares of JEF stock opened at $51.64 on Monday. The stock has a market cap of $10.65 billion, a PE ratio of 17.75 and a beta of 1.51. The business has a 50-day simple moving average of $62.32 and a 200-day simple moving average of $55.25. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.76. Jefferies Financial Group Inc. has a 52-week low of $39.28 and a 52-week high of $82.68.

Jefferies Financial Group (NYSE:JEF) last issued its quarterly earnings data on Monday, September 29th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.22. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Jefferies Financial Group had a return on equity of 7.25% and a net margin of 7.40%.The company’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 EPS. On average, equities analysts expect that Jefferies Financial Group Inc. will post 4.41 EPS for the current year.

Jefferies Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 17th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, November 17th. Jefferies Financial Group’s payout ratio is 54.98%.

Jefferies Financial Group Company Profile

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.