GSA Capital Partners LLP bought a new position in shares of Jefferies Financial Group Inc. (NYSE:JEF – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 28,889 shares of the financial services provider’s stock, valued at approximately $1,444,000.
A number of other large investors have also recently modified their holdings of the company. Bison Wealth LLC bought a new position in Jefferies Financial Group in the fourth quarter worth approximately $224,000. Arrowstreet Capital Limited Partnership bought a new stake in Jefferies Financial Group during the 2nd quarter valued at $3,325,000. EverSource Wealth Advisors LLC raised its position in 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 purchasing an additional 548 shares in the last quarter. Amundi lifted its holdings in shares of Jefferies Financial Group by 8.6% in 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 period. Finally, NewEdge Advisors LLC lifted its holdings in shares of Jefferies Financial Group by 11.8% in 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 period. Hedge funds and other institutional investors own 60.88% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on JEF shares. Loop Capital set a $60.00 price target on Jefferies Financial Group in a research report on Monday, June 8th. Weiss Ratings upgraded Jefferies Financial Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday. UBS Group lowered their price objective on shares of Jefferies Financial Group from $67.00 to $65.00 and set a “neutral” rating for the company in a research note on Thursday, June 25th. BMO Capital Markets increased their target price on shares of Jefferies Financial Group from $42.00 to $60.00 and gave the stock a “market perform” rating in a report on Monday, June 8th. Finally, Morgan Stanley raised their target price on shares of Jefferies Financial Group from $44.00 to $50.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 9th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $62.62.
Jefferies Financial Group Stock Up 0.0%
Jefferies Financial Group stock opened at $55.14 on Monday. 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 cap of $10.68 billion, a P/E ratio of 15.40 and a beta of 1.54. The business has a fifty day moving average of $55.94 and a two-hundred day moving average of $51.22. Jefferies Financial Group Inc. has a twelve month low of $35.53 and a twelve month high of $71.04.
Jefferies Financial Group (NYSE:JEF – Get Free Report) last announced its quarterly earnings results on Wednesday, June 24th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.14). The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Jefferies Financial Group had a net margin of 7.58% and a return on equity of 9.23%. The company’s revenue was up 35.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.40 earnings per share. On average, analysts forecast that Jefferies Financial Group Inc. will post 3.71 earnings per share for the current fiscal year.
Jefferies Financial Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Tuesday, August 18th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.60 dividend on an annualized basis and a yield of 2.9%. Jefferies Financial Group’s dividend payout ratio (DPR) is presently 44.69%.
Jefferies Financial Group declared that its Board of Directors has approved a share buyback program on Wednesday, June 24th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the financial services provider to purchase up to 2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
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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