Sei Investments Co. trimmed its holdings in shares of Jefferies Financial Group Inc. (NYSE:JEF – Free Report) by 12.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 860,887 shares of the financial services provider’s stock after selling 121,511 shares during the period. Sei Investments Co.’s holdings in Jefferies Financial Group were worth $35,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in the business. Salomon & Ludwin LLC raised its position in shares of Jefferies Financial Group by 75.0% during the 4th quarter. Salomon & Ludwin LLC now owns 413 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 177 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Jefferies Financial Group by 1.3% in the third quarter. Quadrant Capital Group LLC now owns 15,811 shares of the financial services provider’s stock valued at $1,034,000 after acquiring an additional 206 shares in the last quarter. Allworth Financial LP boosted its stake in Jefferies Financial Group by 11.2% in the third quarter. Allworth Financial LP now owns 2,159 shares of the financial services provider’s stock valued at $141,000 after acquiring an additional 217 shares in the last quarter. Punch & Associates Investment Management Inc. grew its holdings in shares of Jefferies Financial Group by 4.2% during the third quarter. Punch & Associates Investment Management Inc. now owns 5,495 shares of the financial services provider’s stock worth $359,000 after purchasing an additional 220 shares during the last quarter. Finally, Quent Capital LLC increased its position in shares of Jefferies Financial Group by 3.9% during the fourth quarter. Quent Capital LLC now owns 5,994 shares of the financial services provider’s stock worth $371,000 after purchasing an additional 224 shares in the last quarter. Hedge funds and other institutional investors own 60.88% of the company’s stock.
Jefferies Financial Group Stock Performance
Shares of JEF stock opened at $55.87 on Monday. The stock’s 50-day moving average price is $55.07 and its 200 day moving average price is $51.98. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $10.82 billion, a PE ratio of 15.61 and a beta of 1.54. Jefferies Financial Group Inc. has a 52-week low of $35.53 and a 52-week high of $71.04.
Jefferies Financial Group Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Tuesday, August 18th. Jefferies Financial Group’s dividend payout ratio is 44.69%.
Jefferies Financial Group declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, June 24th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the financial services provider to repurchase up to 2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.
Analysts Set New Price Targets
JEF has been the subject of several research reports. BMO Capital Markets boosted their target price on Jefferies Financial Group from $42.00 to $60.00 and gave the company a “market perform” rating in a report on Monday, June 8th. Oppenheimer cut their price target on Jefferies Financial Group from $87.00 to $83.00 and set an “outperform” rating on the stock in a research report on Thursday, June 25th. Morgan Stanley boosted their price objective on Jefferies Financial Group from $44.00 to $50.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 9th. UBS Group decreased their price objective on Jefferies Financial Group from $67.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, June 25th. Finally, Zacks Research raised shares of Jefferies Financial Group from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $62.62.
Check Out Our Latest Stock Report on Jefferies Financial Group
Jefferies Financial Group Profile
Jefferies Financial Group Inc is a diversified financial services company that provides a range of investment banking, capital markets and asset management services to corporations, governments and institutional investors worldwide. Through its core platform, Jefferies offers advisory services for mergers and acquisitions, debt and equity underwriting, restructuring and recapitalization. The firm also operates a global sales and trading business covering equities, fixed income and foreign exchange products, complemented by equity research and macroeconomic analysis.
In addition to its capital markets franchise, Jefferies maintains a growing asset management division that delivers customized investment solutions across public and private markets.
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