Bull Harbor Capital LLC Acquires Shares of 14,911 Jefferies Financial Group Inc. $JEF

Bull Harbor Capital LLC bought a new position in Jefferies Financial Group Inc. (NYSE:JEFFree Report) in the 1st quarter, HoldingsChannel.com reports. The firm bought 14,911 shares of the financial services provider’s stock, valued at approximately $615,000.

A number of other large investors also recently made changes to their positions in JEF. Alyeska Investment Group L.P. grew its holdings in shares of Jefferies Financial Group by 422.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 3,972,352 shares of the financial services provider’s stock valued at $246,167,000 after acquiring an additional 3,211,375 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Jefferies Financial Group by 696.8% during the 4th quarter. AQR Capital Management LLC now owns 3,412,301 shares of the financial services provider’s stock worth $211,460,000 after purchasing an additional 2,984,055 shares during the last quarter. Norges Bank purchased a new stake in shares of Jefferies Financial Group during the 4th quarter worth approximately $145,584,000. Munro Partners bought a new stake in shares of Jefferies Financial Group in the fourth quarter valued at $60,470,000. Finally, Assenagon Asset Management S.A. grew its stake in shares of Jefferies Financial Group by 740.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,094,164 shares of the financial services provider’s stock worth $45,156,000 after acquiring an additional 963,917 shares during the period. 60.88% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Morgan Stanley raised their price objective on shares of Jefferies Financial Group from $44.00 to $50.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 9th. Zacks Research raised Jefferies Financial Group from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. UBS Group lowered their price target on Jefferies Financial Group from $67.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, June 25th. Oppenheimer reduced their price target on shares of 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. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Jefferies Financial Group in a report on Friday, June 5th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Jefferies Financial Group has an average rating of “Hold” and a consensus target price of $62.62.

Read Our Latest Research Report on Jefferies Financial Group

Jefferies Financial Group Stock Performance

Shares of JEF stock opened at $55.31 on Friday. The company has a market capitalization of $10.72 billion, a P/E ratio of 15.45 and a beta of 1.54. Jefferies Financial Group Inc. has a fifty-two week low of $35.53 and a fifty-two week high of $71.04. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a 50 day moving average price of $55.40 and a two-hundred day moving average price of $51.77.

Jefferies Financial Group (NYSE:JEFGet Free Report) last issued its earnings results on Wednesday, June 24th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.14). Jefferies Financial Group had a return on equity of 9.23% and a net margin of 7.58%.The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the prior year, the business posted $0.40 EPS. The firm’s revenue for the quarter was up 35.0% on a year-over-year basis. Analysts expect that Jefferies Financial Group Inc. will post 3.71 earnings per share for the current year.

Jefferies Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, August 18th. Jefferies Financial Group’s dividend payout ratio (DPR) is 44.69%.

Jefferies Financial Group declared that its Board of Directors has approved a stock repurchase plan on Wednesday, June 24th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the financial services provider to purchase up to 2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Jefferies Financial Group Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Jefferies Financial Group (NYSE:JEF)

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