Shell Asset Management Co. lifted its stake in shares of Jefferies Financial Group Inc (NYSE:JEF) by 36.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,010 shares of the financial services provider’s stock after acquiring an additional 6,649 shares during the quarter. Shell Asset Management Co.’s holdings in Jefferies Financial Group were worth $549,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. American International Group Inc. increased its stake in shares of Jefferies Financial Group by 1.4% during the third quarter. American International Group Inc. now owns 182,674 shares of the financial services provider’s stock valued at $4,012,000 after acquiring an additional 2,457 shares during the period. DNB Asset Management AS increased its stake in shares of Jefferies Financial Group by 7.1% during the third quarter. DNB Asset Management AS now owns 42,140 shares of the financial services provider’s stock valued at $925,000 after acquiring an additional 2,800 shares during the period. Envestnet Asset Management Inc. acquired a new position in shares of Jefferies Financial Group during the second quarter valued at approximately $106,000. Victory Capital Management Inc. acquired a new position in shares of Jefferies Financial Group during the second quarter valued at approximately $108,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Jefferies Financial Group during the second quarter valued at approximately $109,000. Institutional investors and hedge funds own 76.98% of the company’s stock.
Jefferies Financial Group stock opened at $19.02 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $6.32 billion, a price-to-earnings ratio of 11.53 and a beta of 1.03. Jefferies Financial Group Inc has a 1 year low of $18.85 and a 1 year high of $28.30.
Jefferies Financial Group (NYSE:JEF) last posted its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.03). The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $869.80 million. Jefferies Financial Group had a return on equity of 5.07% and a net margin of 10.07%. Sell-side analysts predict that Jefferies Financial Group Inc will post 1.27 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Monday, November 19th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, November 16th. This represents a $0.50 annualized dividend and a yield of 2.63%. Jefferies Financial Group’s dividend payout ratio (DPR) is 30.30%.
Several research analysts have issued reports on the stock. Keefe, Bruyette & Woods assumed coverage on shares of Jefferies Financial Group in a research report on Monday, August 20th. They issued an “outperform” rating and a $29.00 price target on the stock. Zacks Investment Research lowered shares of Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, September 7th.
Jefferies Financial Group Profile
Jefferies Financial Group Inc, a financial services company, offers a range of products and services in investment banking, equities, fixed income, and wealth management in the Americas, Europe, and Asia. It engages in the debt capital market, equity capital market, merger and acquisition, private capital advisory, and restructuring and recapitalization businesses.
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