Jump Financial LLC Invests $5.47 Million in Jefferies Financial Group Inc. $JEF

Key Points

• Jump Financial LLC acquired 102,100 shares of Jefferies Financial Group, valued at approximately $5.47 million, during the first quarter.
• Jefferies Financial Group's stock recently saw a 5.7% increase and has a market capitalization of $12.90 billion.
• The company declared a quarterly dividend of $0.40 per share, representing an annualized yield of 2.6%.

Jump Financial LLC purchased a new stake in Jefferies Financial Group Inc. (NYSE:JEF - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 102,100 shares of the financial services provider's stock, valued at approximately $5,469,000.

Several other hedge funds have also modified their holdings of JEF. Mariner LLC grew its stake in Jefferies Financial Group by 12.6% during the 4th quarter. Mariner LLC now owns 13,273 shares of the financial services provider's stock worth $1,041,000 after purchasing an additional 1,487 shares in the last quarter. Marshall Wace LLP acquired a new stake in Jefferies Financial Group in the 4th quarter valued at about $1,295,000. MML Investors Services LLC raised its position in Jefferies Financial Group by 173.1% in the 4th quarter. MML Investors Services LLC now owns 17,713 shares of the financial services provider's stock valued at $1,389,000 after purchasing an additional 11,226 shares in the last quarter. OneDigital Investment Advisors LLC acquired a new stake in Jefferies Financial Group in the 4th quarter valued at about $309,000. Finally, Stifel Financial Corp raised its position in Jefferies Financial Group by 187.2% in the 4th quarter. Stifel Financial Corp now owns 29,392 shares of the financial services provider's stock valued at $2,304,000 after purchasing an additional 19,157 shares in the last quarter. 60.88% of the stock is currently owned by institutional investors and hedge funds.

Jefferies Financial Group Stock Performance

NYSE JEF traded up $0.75 during trading on Thursday, reaching $65.51. The company's stock had a trading volume of 1,270,669 shares, compared to its average volume of 1,793,652. 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 firm has a market cap of $13.51 billion, a price-to-earnings ratio of 24.72 and a beta of 1.48. Jefferies Financial Group Inc. has a twelve month low of $39.28 and a twelve month high of $82.68. The business's fifty day moving average price is $57.51 and its 200-day moving average price is $55.03.

Jefferies Financial Group (NYSE:JEF - Get Free Report) last posted its quarterly earnings data 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). The business 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%. The company's revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 earnings per share. As a group, analysts anticipate that Jefferies Financial Group Inc. will post 4.41 EPS for the current fiscal year.

Jefferies Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders 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 dividend on an annualized basis and a yield of 2.4%. Jefferies Financial Group's payout ratio is currently 60.38%.

Analysts Set New Price Targets

A number of research firms have issued reports on JEF. Morgan Stanley reduced 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 report on Thursday, June 26th. Wall Street Zen cut shares of Jefferies Financial Group from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. The Goldman Sachs Group lifted their price objective on shares of Jefferies Financial Group from $55.00 to $62.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Finally, Zacks Research cut shares of Jefferies Financial Group from a "hold" rating to a "strong sell" rating in a research report on Monday. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently 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.