Jefferies Financial Group Inc. $JEF Shares Bought by National Bank of Canada FI

National Bank of Canada FI boosted its holdings in shares of Jefferies Financial Group Inc. (NYSE:JEF - Free Report) by 22.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 125,338 shares of the financial services provider's stock after purchasing an additional 23,152 shares during the period. National Bank of Canada FI owned approximately 0.06% of Jefferies Financial Group worth $6,713,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of JEF. JCIC Asset Management Inc. grew its position in 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 purchasing an additional 465 shares during the last quarter. GAMMA Investing LLC grew its position in Jefferies Financial Group by 123.9% during the 1st 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 during the last quarter. IFP Advisors Inc grew its position in Jefferies Financial Group by 87.9% during the 1st quarter. IFP Advisors Inc now owns 1,387 shares of the financial services provider's stock worth $74,000 after purchasing an additional 649 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Jefferies Financial Group by 105.5% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,525 shares of the financial services provider's stock worth $82,000 after purchasing an additional 783 shares during the last quarter. Finally, Sierra Ocean LLC boosted its holdings in shares of Jefferies Financial Group by 824.0% in the first quarter. Sierra Ocean LLC now owns 1,848 shares of the financial services provider's stock valued at $99,000 after acquiring an additional 1,648 shares in the last quarter. 60.88% of the stock is owned by hedge funds and other institutional investors.

Jefferies Financial Group Price Performance

Shares of NYSE JEF traded down $0.16 during midday trading on Monday, hitting $59.68. The company had a trading volume of 206,267 shares, compared to its average volume of 1,808,455. 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 twelve month low of $39.28 and a twelve month high of $82.68. The business has a 50-day simple moving average of $56.17 and a two-hundred day simple moving average of $55.52. The firm has a market capitalization of $12.31 billion, a price-to-earnings ratio of 22.52 and a beta of 1.48.

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

Jefferies Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be paid a $0.40 dividend. The ex-dividend date is Monday, August 18th. This represents a $1.60 annualized dividend and a dividend yield of 2.7%. Jefferies Financial Group's dividend payout ratio (DPR) is 60.38%.

Wall Street Analyst Weigh In

JEF has been the topic of several analyst reports. The Goldman Sachs Group lifted their target price on shares of Jefferies Financial Group from $55.00 to $62.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Morgan Stanley lowered their target price on shares of Jefferies Financial Group from $55.00 to $54.00 and set an "equal weight" rating on the stock in a report on Thursday, June 26th. Finally, Wall Street Zen downgraded shares of Jefferies Financial Group from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $66.00.

About Jefferies Financial Group

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.