Lee Danner & Bass Inc. Sells 7,000 Shares of Jefferies Financial Group Inc. $JEF

Key Points

• Lee Danner & Bass Inc. reduced its stake in Jefferies Financial Group Inc. by 6.7%, selling 7,000 shares, and now holds 97,690 shares valued at approximately $5.34 million.
• Jefferies Financial Group reported $1.01 EPS for the last quarter, exceeding expectations by $0.22, with a revenue of $2.05 billion, up 21.6% year-over-year.
• The company declared a quarterly dividend of $0.40 per share, yielding 2.8%, with the ex-dividend date set for November 17th.

Lee Danner & Bass Inc. trimmed its holdings in shares of Jefferies Financial Group Inc. (NYSE:JEF - Free Report) by 6.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 97,690 shares of the financial services provider's stock after selling 7,000 shares during the quarter. Lee Danner & Bass Inc.'s holdings in Jefferies Financial Group were worth $5,343,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Elequin Capital LP grew its stake in Jefferies Financial Group by 117.9% during the first quarter. Elequin Capital LP now owns 549 shares of the financial services provider's stock worth $29,000 after buying an additional 297 shares in the last quarter. GAMMA Investing LLC boosted 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 buying an additional 637 shares during the period. IFP Advisors Inc raised its holdings 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. BI Asset Management Fondsmaeglerselskab A S bought a new position in Jefferies Financial Group during the 1st quarter worth approximately $78,000. Finally, Sierra Ocean LLC raised its holdings 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 purchasing an additional 1,648 shares during the last quarter. 60.88% of the stock is currently owned by institutional investors and hedge funds.

Jefferies Financial Group Stock Performance

Shares of JEF stock opened at $57.15 on Friday. The firm has a market capitalization of $11.79 billion, a PE ratio of 19.69 and a beta of 1.51. The firm has a fifty day simple moving average of $61.80 and a two-hundred day simple moving average of $55.41. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.76. Jefferies Financial Group Inc. has a 12 month low of $39.28 and a 12 month high of $82.68.

Jefferies Financial Group (NYSE:JEF - Get Free Report) last announced its quarterly earnings results on Monday, September 29th. The financial services provider reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.22. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.75 billion. Jefferies Financial Group had a net margin of 7.40% and a return on equity of 7.25%. Jefferies Financial Group's quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.75 EPS. Analysts forecast that Jefferies Financial Group Inc. will post 4.41 EPS for the current fiscal year.

Jefferies Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 17th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, November 17th. Jefferies Financial Group's payout ratio is currently 54.98%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Morgan Stanley set a $74.00 price objective on shares of Jefferies Financial Group in a research note on Wednesday, October 8th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Jefferies Financial Group in a research note on Wednesday, October 8th. BMO Capital Markets lowered their price objective on shares of Jefferies Financial Group from $69.00 to $55.00 and set a "market perform" rating for the company in a research note on Friday, October 17th. The Goldman Sachs Group lowered their price objective on shares of Jefferies Financial Group from $84.00 to $74.00 and set a "buy" rating for the company in a research note on Tuesday, October 14th. Finally, Zacks Research upgraded shares of Jefferies Financial Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, Jefferies Financial Group has an average rating of "Moderate Buy" and an average price target of $68.83.

Jefferies Financial Group 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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