Deutsche Bank AG Lowers Stock Holdings in Jefferies Financial Group Inc. (NYSE:JEF)

Deutsche Bank AG decreased its position in shares of Jefferies Financial Group Inc. (NYSE:JEF - Free Report) by 12.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 604,102 shares of the financial services provider's stock after selling 86,160 shares during the period. Deutsche Bank AG owned approximately 0.29% of Jefferies Financial Group worth $47,362,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Hemington Wealth Management boosted its stake in shares of Jefferies Financial Group by 71.8% in the 4th quarter. Hemington Wealth Management now owns 335 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 140 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Jefferies Financial Group in the 4th quarter valued at $27,000. Stephens Consulting LLC purchased a new stake in shares of Jefferies Financial Group in the 4th quarter valued at $29,000. GAMMA Investing LLC boosted its stake in shares of Jefferies Financial Group by 158.3% in the 4th quarter. GAMMA Investing LLC now owns 514 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 315 shares in the last quarter. Finally, Principal Securities Inc. boosted its stake in shares of Jefferies Financial Group by 161.4% in the 4th quarter. Principal Securities Inc. now owns 575 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 355 shares in the last quarter. Hedge funds and other institutional investors own 60.88% of the company's stock.

Jefferies Financial Group Stock Performance

Jefferies Financial Group stock opened at $54.47 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.57. The firm has a 50-day moving average of $50.07 and a 200-day moving average of $65.64. The firm has a market cap of $11.23 billion, a P/E ratio of 18.28 and a beta of 1.47. Jefferies Financial Group Inc. has a 1-year low of $39.28 and a 1-year high of $82.68.

Jefferies Financial Group (NYSE:JEF - Get Free Report) last posted its earnings results on Wednesday, March 26th. The financial services provider reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates of $0.88 by ($0.28). The firm had revenue of $1.59 billion for the quarter, compared to analysts' expectations of $1.93 billion. Jefferies Financial Group had a return on equity of 7.92% and a net margin of 10.57%. The business's revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.87 earnings per share. Sell-side analysts expect that Jefferies Financial Group Inc. will post 4.41 EPS for the current year.

Jefferies Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Monday, May 19th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date is Monday, May 19th. Jefferies Financial Group's payout ratio is currently 55.36%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group set a $75.00 price objective on shares of Jefferies Financial Group in a research note on Wednesday, March 5th. Morgan Stanley cut Jefferies Financial Group from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $75.00 to $41.00 in a research note on Monday, April 7th. StockNews.com cut Jefferies Financial Group from a "hold" rating to a "sell" rating in a research note on Tuesday. Finally, Oppenheimer cut Jefferies Financial Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th.

Jefferies Financial Group Company Profile

Jefferies Financial Group Inc operates as an investment banking and capital markets firm in the Americas, Europe, the Middle East, and the Asia-Pacific. The company operates in two segments, Investment Banking and Capital Markets, and Asset Management. It provides investment banking, advisory services with respect to mergers or acquisitions, debt financing, restructurings or recapitalizations, and private capital advisory transactions; underwriting and placement services related to corporate debt, municipal bonds, mortgage-backed and asset-backed securities, equity and equity-linked securities, and loan syndication services; and corporate lending services.

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