Corient Private Wealth LP Makes New Investment in Jefferies Financial Group Inc. $JEF

Key Points

• Corient Private Wealth LP acquired 32,605 Jefferies shares during the second quarter, worth approximately $1.63 million. Institutional investors collectively own 60.88% of JEF.
• Jefferies reported quarterly revenue growth of 35% year over year to $2.21 billion, but EPS of $1.02 missed estimates of $1.16. The company also authorized a $250 million share-repurchase program and maintains a 3.0% annualized dividend yield.
• JEF shares recently traded around $54.10, while analysts assign the stock a consensus “Hold” rating and an average price target of $62.62. Investors are also monitoring potential legal and credit uncertainty related to a Jefferies-linked fund’s dispute with Radiant World.

Corient Private Wealth LP bought a new position in shares of Jefferies Financial Group Inc. (NYSE:JEF - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 32,605 shares of the financial services provider's stock, valued at approximately $1,630,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Quadrant Capital Group LLC grew its stake in Jefferies Financial Group by 1.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 15,811 shares of the financial services provider's stock worth $1,034,000 after buying an additional 206 shares during the last quarter. Punch & Associates Investment Management Inc. lifted its stake in Jefferies Financial Group by 4.2% in the third quarter. Punch & Associates Investment Management Inc. now owns 5,495 shares of the financial services provider's stock valued at $359,000 after buying an additional 220 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in Jefferies Financial Group by 50.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 672 shares of the financial services provider's stock valued at $42,000 after buying an additional 224 shares during the last quarter. United Capital Financial Advisors LLC boosted its holdings in shares of Jefferies Financial Group by 6.4% in the third quarter. United Capital Financial Advisors LLC now owns 3,896 shares of the financial services provider's stock valued at $255,000 after acquiring an additional 234 shares during the period. Finally, CX Institutional boosted its holdings in shares of Jefferies Financial Group by 77.6% in the second quarter. CX Institutional now owns 547 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 239 shares during the period. 60.88% of the stock is owned by hedge funds and other institutional investors.

Key Jefferies Financial Group News

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

• Positive Sentiment: A fund linked to Jefferies secured a freezing order against iron-ore trader Radiant World in London. The action could help protect or recover assets tied to the dispute, though Jefferies holds only a minority stake in the fund. Jefferies-linked fund takes legal action against trader Radiant World in London
• Positive Sentiment: Jefferies analysts issued several bullish recommendations, including Buy ratings on Cameco, enCore Energy, Nouveau Monde Mining and Welspun Corp. These actions highlight continued research activity and may support the firm’s investment-banking and brokerage franchise, but they have limited direct impact on JEF’s near-term earnings. Welspun Corp shares jump after Jefferies Buy rating
• Neutral Sentiment: Jefferies announced that it will hold its annual Investor Meeting on October 19, where management will discuss its major businesses and answer investor questions. The event could provide updates on strategy, capital allocation and business trends, but registration and presentation details are not yet available. Jefferies Financial Group to Host Annual Investor Meeting
• Negative Sentiment: The Radiant World litigation introduces potential legal and credit-related uncertainty for the Jefferies-linked fund. The direct effect on JEF is likely limited unless losses, recoveries or additional exposure become material. Jefferies Unit Wins Freezing Order Against Trader Radiant World

Jefferies Financial Group Trading Up 2.3%

Shares of JEF stock opened at $54.10 on Friday. The business's 50 day moving average is $53.96 and its two-hundred day moving average is $50.63. Jefferies Financial Group Inc. has a twelve month low of $35.53 and a twelve month high of $71.04. The company has a market capitalization of $10.48 billion, a P/E ratio of 15.11 and a beta of 1.52. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.99.

Jefferies Financial Group (NYSE:JEF - Get Free Report) last released its quarterly earnings results on Wednesday, June 24th. The financial services provider reported $1.02 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.14). Jefferies Financial Group had a return on equity of 9.23% and a net margin of 7.58%.The company had revenue of $2.21 billion for the quarter, compared to analysts' expectations of $2.30 billion. During the same quarter last year, the company earned $0.40 EPS. Jefferies Financial Group's revenue for the quarter was up 35.0% compared to the same quarter last year. Equities analysts forecast that Jefferies Financial Group Inc. will post 3.71 EPS for the current year.

Jefferies Financial Group declared that its Board of Directors has initiated a share buyback plan on Wednesday, June 24th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Jefferies Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, August 18th. Jefferies Financial Group's payout ratio is currently 44.69%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on JEF shares. UBS Group cut their target price on shares of Jefferies Financial Group from $67.00 to $65.00 and set a "neutral" rating on the stock in a report on Thursday, June 25th. The Goldman Sachs Group reiterated a "buy" rating on shares of Jefferies Financial Group in a research note on Friday, June 5th. Oppenheimer lowered their price objective on shares of Jefferies Financial Group from $87.00 to $83.00 and set an "outperform" rating on the stock in a research report on Thursday, June 25th. BMO Capital Markets lifted their price objective on shares of Jefferies Financial Group from $42.00 to $60.00 and gave the company a "market perform" rating in a research note on Monday, June 8th. Finally, Morgan Stanley upped 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 report on Tuesday, June 9th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $62.62.

Jefferies Financial Group Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source