Insight Wealth Strategies LLC Has $4.57 Million Holdings in Jefferies Financial Group Inc. $JEF

Key Points

• Insight Wealth Strategies LLC increased its holdings in Jefferies Financial Group by 36.7%, totaling approximately $4.57 million, after acquiring an additional 22,085 shares during the 2nd quarter.
• Jefferies Financial Group reported $0.40 EPS for the last quarter, missing analysts' estimates, with revenue decreasing 1.3% year-over-year.
• The firm declared a quarterly dividend of $0.40 per share, representing a yield of 2.4%, with a dividend payout ratio of 60.38%.

Insight Wealth Strategies LLC increased its holdings in shares of Jefferies Financial Group Inc. (NYSE:JEF - Free Report) by 36.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 82,194 shares of the financial services provider's stock after buying an additional 22,085 shares during the quarter. Insight Wealth Strategies LLC's holdings in Jefferies Financial Group were worth $4,567,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in JEF. JPMorgan Chase & Co. raised its stake in Jefferies Financial Group by 30.1% during the 1st quarter. JPMorgan Chase & Co. now owns 5,126,514 shares of the financial services provider's stock worth $274,627,000 after buying an additional 1,184,822 shares during the period. Nuveen LLC acquired a new stake in shares of Jefferies Financial Group in the 1st quarter valued at about $58,972,000. Alliancebernstein L.P. raised 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 purchasing an additional 819,594 shares during the period. Strs Ohio acquired a new stake in shares of Jefferies Financial Group in the 1st quarter valued at about $21,893,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised 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 purchasing an additional 373,000 shares during the period. Institutional investors and hedge funds own 60.88% of the company's stock.

Jefferies Financial Group Trading Down 0.8%

Jefferies Financial Group stock opened at $66.66 on Friday. Jefferies Financial Group Inc. has a 52 week low of $39.28 and a 52 week high of $82.68. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $13.75 billion, a P/E ratio of 25.15 and a beta of 1.49. The stock has a 50-day simple moving average of $59.81 and a 200 day simple moving average of $54.58.

Jefferies Financial Group (NYSE:JEF - Get Free Report) last posted its quarterly earnings results on Wednesday, June 25th. The financial services provider reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.04). Jefferies Financial Group had a return on equity of 6.59% and a net margin of 7.70%.The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the business posted $0.64 EPS. The company's revenue for the quarter was down 1.3% on a year-over-year basis. Analysts expect that Jefferies Financial Group Inc. will post 4.41 earnings per share for the current year.

Jefferies Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, August 18th. This represents a $1.60 dividend on an annualized basis and a yield of 2.4%. Jefferies Financial Group's dividend payout ratio (DPR) is presently 60.38%.

Wall Street Analysts Forecast Growth

JEF has been the topic of several recent research reports. Zacks Research raised Jefferies Financial Group from a "strong sell" rating to a "hold" rating in a research note on Thursday, September 4th. Morgan Stanley lifted their price target on Jefferies Financial Group from $54.00 to $72.00 and gave the company an "equal weight" rating in a research note on Monday, September 8th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, Jefferies Financial Group presently has an average rating of "Hold" and an average target price of $70.50.

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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