66,635 Shares in Jefferies Financial Group Inc. $JEF Acquired by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. bought a new stake in Jefferies Financial Group Inc. (NYSE:JEFFree Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 66,635 shares of the financial services provider’s stock, valued at approximately $3,330,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bison Wealth LLC purchased a new position in Jefferies Financial Group during the fourth quarter worth approximately $224,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Jefferies Financial Group during the 2nd quarter valued at $3,325,000. EverSource Wealth Advisors LLC grew its stake in shares of Jefferies Financial Group by 159.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 892 shares of the financial services provider’s stock valued at $49,000 after buying an additional 548 shares during the period. Amundi increased its holdings in shares of Jefferies Financial Group by 8.6% during the 2nd quarter. Amundi now owns 226,025 shares of the financial services provider’s stock worth $12,798,000 after buying an additional 17,935 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of Jefferies Financial Group by 11.8% during the 2nd quarter. NewEdge Advisors LLC now owns 25,970 shares of the financial services provider’s stock worth $1,420,000 after buying an additional 2,751 shares during the last quarter. Institutional investors and hedge funds own 60.88% of the company’s stock.

Jefferies Financial Group Price Performance

Jefferies Financial Group stock opened at $51.76 on Friday. The firm has a fifty day moving average of $55.53 and a 200-day moving average of $50.98. Jefferies Financial Group Inc. has a 52-week low of $35.53 and a 52-week high of $71.04. 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 firm has a market capitalization of $10.03 billion, a P/E ratio of 14.46 and a beta of 1.54.

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

Jefferies Financial Group announced that its Board of Directors has authorized a stock buyback program on Wednesday, June 24th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the financial services provider to buy up to 2% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Jefferies Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.60 annualized dividend and a yield of 3.1%. Jefferies Financial Group’s dividend payout ratio (DPR) is 44.69%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Loop Capital set a $60.00 target price on Jefferies Financial Group in a report on Monday, June 8th. Weiss Ratings upgraded Jefferies Financial Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. The Goldman Sachs Group restated a “buy” rating on shares of Jefferies Financial Group in a report on Friday, June 5th. Morgan Stanley lifted 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. Finally, UBS Group decreased their target price 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. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Jefferies Financial Group currently has an average rating of “Hold” and an average price target of $62.62.

View Our Latest Analysis on JEF

Key Jefferies Financial Group News

Here are the key news stories impacting Jefferies Financial Group this week:

  • Positive Sentiment: Expansion of private-credit platform: Jefferies Credit Partners is reportedly seeking approximately $1.16 billion, or €1 billion, for a fund focused on private-credit investments in the secondary market. The fund could support fee generation and expand Jefferies’ asset-management and alternative-investment operations. Jefferies Credit Partners Is Moving Its Own Loans Into a New Fund
  • Neutral Sentiment: Broad research activity reinforces the Jefferies franchise: Jefferies analysts issued recommendations on Nvidia, Indian two-wheeler companies, Emmvee Photovoltaic Power, Turtlemint Fintech, Bajaj Housing Finance, Swiggy, Jupiter Wagons and BSE. These reports may generate advisory and trading visibility for Jefferies, but they do not directly change JEF’s earnings outlook. Jefferies Research and Analyst Reports
  • Negative Sentiment: Shareholder-investigation notice adds legal overhang: Bragar Eagel & Squire said it is investigating Jefferies Financial Group on behalf of shareholders who suffered losses and invited investors to contact the firm. Such announcements can increase headline and litigation risk, even though they do not establish wrongdoing or indicate that a lawsuit will succeed. Bragar Eagel & Squire Investigation of Jefferies Financial Group

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.

Further Reading

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

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