Envestnet Asset Management Inc. Has $12.85 Million Holdings in Jefferies Financial Group Inc. (NYSE:JEF)

Envestnet Asset Management Inc. decreased its position in Jefferies Financial Group Inc. (NYSE:JEF - Free Report) by 10.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 239,887 shares of the financial services provider's stock after selling 27,120 shares during the period. Envestnet Asset Management Inc. owned about 0.12% of Jefferies Financial Group worth $12,851,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. 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 acquiring 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 acquiring an additional 637 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 acquiring an additional 783 shares during the last quarter. Sierra Ocean LLC grew its position in Jefferies Financial Group by 824.0% during the 1st quarter. Sierra Ocean LLC now owns 1,848 shares of the financial services provider's stock worth $99,000 after acquiring an additional 1,648 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its position in Jefferies Financial Group by 86.6% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 2,282 shares of the financial services provider's stock worth $122,000 after acquiring an additional 1,059 shares during the last quarter. Institutional investors and hedge funds own 60.88% of the company's stock.

Jefferies Financial Group Trading Up 0.4%

Jefferies Financial Group stock traded up $0.21 during mid-day trading on Tuesday, hitting $55.94. 258,695 shares of the company's stock were exchanged, compared to its average volume of 1,687,822. The firm has a market capitalization of $11.54 billion, a P/E ratio of 21.08 and a beta of 1.46. Jefferies Financial Group Inc. has a fifty-two week low of $39.28 and a fifty-two week high of $82.68. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.68. The company's 50 day simple moving average is $53.09 and its 200-day simple moving average is $58.06.

Jefferies Financial Group (NYSE:JEF - Get Free Report) last released its quarterly 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). Jefferies Financial Group had a net margin of 7.70% and a return on equity of 6.59%. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the business earned $0.64 EPS. The business's revenue for the quarter was down 1.3% compared to the same quarter last year. On average, equities analysts anticipate that Jefferies Financial Group Inc. will post 4.41 earnings per share for the current year.

Jefferies Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Monday, August 18th. Jefferies Financial Group's payout ratio is 60.38%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on JEF shares. Morgan Stanley cut their price target on Jefferies Financial Group from $55.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Thursday, June 26th. The Goldman Sachs Group increased their price target on Jefferies Financial Group from $55.00 to $62.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Finally, Wall Street Zen downgraded Jefferies Financial Group from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $66.00.

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.