Cwm LLC Buys 6,456 Shares of Jefferies Financial Group Inc. $JEF

Key Points

• Cwm LLC significantly increased its stake in Jefferies Financial Group Inc. by 455.0%, owning a total of 7,875 shares valued at $431,000 as of its latest SEC filing.
• Jefferies Financial Group reported earnings of $1.01 per share for the last quarter, surpassing analyst expectations of $0.79, with a revenue increase of 21.6% year-over-year.
• The company announced a quarterly dividend of $0.40 per share, representing a 2.8% dividend yield and a payout ratio of 54.98%.

Cwm LLC increased its stake in Jefferies Financial Group Inc. (NYSE:JEF - Free Report) by 455.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,875 shares of the financial services provider's stock after acquiring an additional 6,456 shares during the period. Cwm LLC's holdings in Jefferies Financial Group were worth $431,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Alliancebernstein L.P. lifted its stake in shares of Jefferies Financial Group by 13.7% in the 1st quarter. Alliancebernstein L.P. now owns 6,808,340 shares of the financial services provider's stock valued at $364,723,000 after acquiring an additional 819,594 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Jefferies Financial Group by 4.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,412,167 shares of the financial services provider's stock valued at $343,307,000 after acquiring an additional 246,578 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Jefferies Financial Group by 30.1% in the 1st quarter. JPMorgan Chase & Co. now owns 5,126,514 shares of the financial services provider's stock valued at $274,627,000 after acquiring an additional 1,184,822 shares during the last quarter. Nuveen LLC bought a new stake in shares of Jefferies Financial Group in the 1st quarter valued at about $58,972,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Jefferies Financial Group by 87.8% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 798,000 shares of the financial services provider's stock valued at $42,749,000 after acquiring an additional 373,000 shares during the last quarter. Institutional investors own 60.88% of the company's stock.

Jefferies Financial Group Stock Up 3.4%

JEF stock opened at $56.77 on Friday. Jefferies Financial Group Inc. has a fifty-two week low of $39.28 and a fifty-two week high of $82.68. The business's 50 day moving average price is $61.73 and its two-hundred day moving average price is $55.52. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $11.71 billion, a price-to-earnings ratio of 19.51 and a beta of 1.51.

Jefferies Financial Group (NYSE:JEF - Get Free Report) last posted its earnings results on Monday, September 29th. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.22. Jefferies Financial Group had a return on equity of 7.25% and a net margin of 7.40%.The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the prior year, the business earned $0.75 EPS. The business's revenue for the quarter was up 21.6% on a year-over-year basis. As a group, analysts forecast that Jefferies Financial Group Inc. will post 4.41 earnings per share for the current fiscal year.

Jefferies Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 17th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, November 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.8%. Jefferies Financial Group's dividend payout ratio is 54.98%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Capital One Financial set a $55.00 target price on Jefferies Financial Group in a research note on Friday, October 17th. The Goldman Sachs Group reduced their price target on Jefferies Financial Group from $84.00 to $74.00 and set a "buy" rating on the stock in a report on Tuesday, October 14th. Weiss Ratings restated a "hold (c-)" rating on shares of Jefferies Financial Group in a report on Wednesday, October 8th. Zacks Research upgraded Jefferies Financial Group from a "hold" rating to a "strong-buy" rating in a report on Friday, October 3rd. Finally, Telsey Advisory Group set a $74.00 price target on Jefferies Financial Group in a report on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Jefferies Financial Group currently has a consensus rating of "Moderate Buy" and an average target price of $68.83.

Jefferies Financial Group 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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