Jefferies Financial Group Inc. $JEF Position Lowered by Truist Financial Corp

Truist Financial Corp lessened its position in shares of Jefferies Financial Group Inc. (NYSE:JEF - Free Report) by 9.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,837 shares of the financial services provider's stock after selling 7,046 shares during the period. Truist Financial Corp's holdings in Jefferies Financial Group were worth $3,765,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Elequin Capital LP lifted 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 buying an additional 297 shares during the last quarter. JCIC Asset Management Inc. raised its position in shares of Jefferies Financial Group by 193.8% during the 1st quarter. JCIC Asset Management Inc. now owns 705 shares of the financial services provider's stock worth $38,000 after buying an additional 465 shares in the last quarter. GAMMA Investing LLC raised its holdings in Jefferies Financial Group by 123.9% during the first quarter. GAMMA Investing LLC now owns 1,151 shares of the financial services provider's stock worth $62,000 after purchasing an additional 637 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Jefferies Financial Group by 87.9% in the 1st quarter. IFP Advisors Inc now owns 1,387 shares of the financial services provider's stock worth $74,000 after buying an additional 649 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in Jefferies Financial Group in the first quarter worth about $78,000. Institutional investors own 60.88% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on JEF shares. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Jefferies Financial Group in a research report on Wednesday. Morgan Stanley set a $74.00 price target on shares of Jefferies Financial Group in a research note on Wednesday. Telsey Advisory Group set a $74.00 price objective on Jefferies Financial Group in a report on Tuesday, September 30th. Wall Street Zen raised shares of Jefferies Financial Group from a "sell" rating to a "hold" rating in a research report on Saturday, September 20th. Finally, BMO Capital Markets initiated coverage on Jefferies Financial Group in a report on Friday, October 3rd. They set a "market perform" rating and a $69.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Jefferies Financial Group presently has an average rating of "Moderate Buy" and a consensus price target of $72.00.

Jefferies Financial Group Price Performance

NYSE:JEF opened at $54.36 on Thursday. The firm has a market cap of $11.21 billion, a PE ratio of 18.68 and a beta of 1.51. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.68. Jefferies Financial Group Inc. has a 12 month low of $39.28 and a 12 month high of $82.68. The company's 50-day moving average price is $63.02 and its two-hundred day moving average price is $55.42.

Jefferies Financial Group (NYSE:JEF - Get Free Report) last announced its earnings results on Monday, September 29th. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.79 by $0.22. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.75 billion. Jefferies Financial Group had a return on equity of 7.29% and a net margin of 7.40%.Jefferies Financial Group's revenue was up 21.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.75 EPS. On average, equities analysts anticipate that Jefferies Financial Group Inc. will post 4.41 EPS for the current fiscal year.

Jefferies Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Monday, November 17th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, November 17th. This represents a $1.60 annualized dividend and a yield of 2.9%. Jefferies Financial Group's dividend payout ratio is 54.98%.

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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