River & Mercantile Asset Management LLP trimmed its position in Jefferies Financial Group Inc (NYSE:JEF) by 27.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 150,869 shares of the financial services provider’s stock after selling 56,350 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in Jefferies Financial Group were worth $2,063,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. CWM Advisors LLC acquired a new position in shares of Jefferies Financial Group during the 1st quarter worth about $40,000. Acadian Asset Management LLC acquired a new position in shares of Jefferies Financial Group during the 4th quarter worth about $55,000. Signaturefd LLC grew its position in shares of Jefferies Financial Group by 43.6% during the 1st quarter. Signaturefd LLC now owns 4,292 shares of the financial services provider’s stock worth $59,000 after buying an additional 1,303 shares during the period. Cullen Frost Bankers Inc. grew its position in shares of Jefferies Financial Group by 87.6% during the 4th quarter. Cullen Frost Bankers Inc. now owns 2,942 shares of the financial services provider’s stock worth $63,000 after buying an additional 1,374 shares during the period. Finally, Procyon Private Wealth Partners LLC acquired a new position in shares of Jefferies Financial Group during the 4th quarter worth about $75,000. Hedge funds and other institutional investors own 69.06% of the company’s stock.
Shares of NYSE:JEF traded down $0.69 during trading on Thursday, hitting $14.96. 107,524 shares of the company’s stock traded hands, compared to its average volume of 2,488,397. Jefferies Financial Group Inc has a 52 week low of $11.20 and a 52 week high of $24.03. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.10. The company has a market cap of $4.40 billion, a price-to-earnings ratio of 4.77 and a beta of 1.43. The company has a 50-day moving average price of $13.72 and a 200-day moving average price of $18.09.
Jefferies Financial Group (NYSE:JEF) last released its quarterly earnings data on Thursday, March 26th. The financial services provider reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.14. Jefferies Financial Group had a return on equity of 5.63% and a net margin of 24.03%. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the business posted ($0.06) EPS. Jefferies Financial Group’s revenue for the quarter was up 71.8% on a year-over-year basis. On average, analysts predict that Jefferies Financial Group Inc will post 0.46 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.01%. The ex-dividend date was Friday, May 15th. Jefferies Financial Group’s dividend payout ratio (DPR) is presently 45.45%.
JEF has been the subject of several analyst reports. TheStreet lowered Jefferies Financial Group from a “c-” rating to a “d+” rating in a research report on Wednesday, April 15th. ValuEngine upgraded Jefferies Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Finally, Zacks Investment Research upgraded Jefferies Financial Group from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Thursday, May 28th.
About Jefferies Financial Group
Jefferies Financial Group Inc, a financial services company, engages in investment banking and capital markets, asset management, and direct investing businesses in the Americas, Europe, and Asia. the company also offers equities research, sales, and trading services; equity finance services comprising financing, securities lending, and other prime brokerage services; and wealth management services to high net worth individuals, their families and businesses, private equity and venture funds, and small institutions.
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