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

Jefferies Financial Group logo with Finance background

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%.
  • MarketBeat previews top five stocks to own in November.

Insight Wealth Strategies LLC lifted 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 disclosure with the Securities and Exchange Commission. The firm owned 82,194 shares of the financial services provider's stock after purchasing 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 also recently made changes to their positions in the business. Elequin Capital LP increased its stake in Jefferies Financial Group by 117.9% in the first quarter. Elequin Capital LP now owns 549 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 297 shares during the last quarter. Simmons Bank increased its stake in Jefferies Financial Group by 3.5% in the first quarter. Simmons Bank now owns 8,970 shares of the financial services provider's stock valued at $481,000 after acquiring an additional 302 shares during the last quarter. Pinnacle Associates Ltd. increased its stake in Jefferies Financial Group by 3.8% in the first quarter. Pinnacle Associates Ltd. now owns 8,733 shares of the financial services provider's stock valued at $468,000 after acquiring an additional 317 shares during the last quarter. Fifth Third Bancorp increased its stake in Jefferies Financial Group by 13.8% in the first quarter. Fifth Third Bancorp now owns 2,873 shares of the financial services provider's stock valued at $154,000 after acquiring an additional 349 shares during the last quarter. Finally, Forum Financial Management LP grew its stake in shares of Jefferies Financial Group by 5.9% during the fourth quarter. Forum Financial Management LP now owns 7,722 shares of the financial services provider's stock worth $605,000 after buying an additional 432 shares during the last quarter. 60.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

JEF has been the topic of a number of research reports. Morgan Stanley boosted their target price on shares of Jefferies Financial Group from $54.00 to $72.00 and gave the stock an "equal weight" rating in a research note on Monday, September 8th. Zacks Research raised shares of Jefferies Financial Group from a "strong sell" rating to a "hold" rating in a research note on Thursday, September 4th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $71.67.

Check Out Our Latest Stock Analysis on JEF

Jefferies Financial Group Trading Down 1.0%

Shares of NYSE:JEF traded down $0.73 during mid-day trading on Friday, reaching $69.64. 803,176 shares of the company's stock were exchanged, compared to its average volume of 1,763,524. The firm has a market capitalization of $14.36 billion, a price-to-earnings ratio of 26.26 and a beta of 1.49. The business's fifty day moving average price is $60.80 and its 200-day moving average price is $54.73. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.05 and a current ratio of 1.05. Jefferies Financial Group Inc. has a twelve month low of $39.28 and a twelve month high of $82.68.

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

Jefferies Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were issued a $0.40 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.60 annualized dividend and a yield of 2.3%. Jefferies Financial Group's payout ratio is presently 60.38%.

Jefferies Financial Group Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Jefferies Financial Group (NYSE:JEF)

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