MorganRosel Wealth Management LLC Acquires New Position in Jefferies Financial Group Inc. (NYSE:JEF)

MorganRosel Wealth Management LLC bought a new position in shares of Jefferies Financial Group Inc. (NYSE:JEF - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 23,039 shares of the financial services provider's stock, valued at approximately $1,234,000.

Several other large investors have also recently modified their holdings of the business. JCIC Asset Management Inc. raised its stake 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 valued at $38,000 after purchasing an additional 465 shares during the period. Private Trust Co. NA grew its holdings in Jefferies Financial Group by 346.6% during the 4th quarter. Private Trust Co. NA now owns 652 shares of the financial services provider's stock valued at $51,000 after buying an additional 506 shares in the last quarter. IFP Advisors Inc grew its holdings in Jefferies Financial Group by 758.1% during the 4th quarter. IFP Advisors Inc now owns 738 shares of the financial services provider's stock valued at $58,000 after buying an additional 652 shares in the last quarter. GAMMA Investing LLC increased its position in shares of 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 valued at $62,000 after buying an additional 637 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Jefferies Financial Group by 45.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 907 shares of the financial services provider's stock worth $72,000 after buying an additional 284 shares in the last quarter. Hedge funds and other institutional investors own 60.88% of the company's stock.

Jefferies Financial Group Price Performance

Shares of NYSE JEF traded up $0.28 during midday trading on Thursday, hitting $56.90. 766,664 shares of the company's stock were exchanged, compared to its average volume of 1,691,881. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.68. The business's fifty day moving average price is $51.28 and its two-hundred day moving average price is $60.21. The company has a market cap of $11.74 billion, a price-to-earnings ratio of 21.47 and a beta of 1.46. 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 released its quarterly earnings results 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 company had revenue of $1.63 billion during the quarter, compared to analysts' expectations of $1.64 billion. Jefferies Financial Group had a return on equity of 6.62% and a net margin of 7.70%. Jefferies Financial Group's quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 EPS. As a group, research analysts forecast that Jefferies Financial Group Inc. will post 4.41 EPS for the current fiscal year.

Jefferies Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be given a $0.40 dividend. The ex-dividend date is Monday, August 18th. This represents a $1.60 annualized dividend and a yield of 2.81%. Jefferies Financial Group's dividend payout ratio (DPR) is presently 60.38%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on JEF shares. Morgan Stanley cut their price objective on shares of Jefferies Financial Group from $55.00 to $54.00 and set an "equal weight" rating for the company in a research report on Thursday, June 26th. The Goldman Sachs Group raised their price target 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. Wall Street Zen lowered shares of Jefferies Financial Group from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. Finally, Oppenheimer cut shares of Jefferies Financial Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, Jefferies Financial Group presently has an average rating of "Hold" and a consensus target price of $66.00.

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.