Secure Asset Management LLC Has $1.14 Million Stake in Jefferies Financial Group Inc. $JEF

Key Points

• Secure Asset Management LLC increased its stake in Jefferies Financial Group Inc. by 59.8%, bringing its total holdings to $1.14 million worth of stock.
• Institutional investors and hedge funds now own 60.88% of Jefferies Financial Group's stock, reflecting significant interest from major financial entities.
• Jefferies Financial Group recently declared a quarterly dividend of $0.40 per share, yielding approximately 2.4% annually.

Secure Asset Management LLC increased its position in Jefferies Financial Group Inc. (NYSE:JEF - Free Report) by 59.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,781 shares of the financial services provider's stock after purchasing an additional 7,780 shares during the quarter. Secure Asset Management LLC's holdings in Jefferies Financial Group were worth $1,137,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Alliancebernstein L.P. lifted its holdings in shares of Jefferies Financial Group by 13.7% during the 1st quarter. Alliancebernstein L.P. now owns 6,808,340 shares of the financial services provider's stock worth $364,723,000 after acquiring an additional 819,594 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Jefferies Financial Group by 4.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,412,167 shares of the financial services provider's stock valued at $343,307,000 after purchasing an additional 246,578 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Jefferies Financial Group by 30.1% in the 1st quarter. JPMorgan Chase & Co. now owns 5,126,514 shares of the financial services provider's stock worth $274,627,000 after buying an additional 1,184,822 shares in the last quarter. Nuveen LLC bought a new position in shares of Jefferies Financial Group during the 1st quarter worth approximately $58,972,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Jefferies Financial Group by 87.8% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 798,000 shares of the financial services provider's stock worth $42,749,000 after buying an additional 373,000 shares during the period. Institutional investors and hedge funds own 60.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on JEF shares. Zacks Research upgraded Jefferies Financial Group from a "strong sell" rating to a "hold" rating in a research note on Thursday, September 4th. Morgan Stanley upped their target price on shares of Jefferies Financial Group from $54.00 to $72.00 and gave the stock an "equal weight" rating in a report on Monday, September 8th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Jefferies Financial Group has an average rating of "Hold" and an average target price of $71.67.

Jefferies Financial Group Stock Performance

JEF stock opened at $66.58 on Thursday. Jefferies Financial Group Inc. has a twelve month low of $39.28 and a twelve month 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 has a market cap of $13.73 billion, a P/E ratio of 25.12 and a beta of 1.49. The business's fifty day moving average is $60.51 and its 200-day moving average is $54.68.

Jefferies Financial Group (NYSE:JEF - Get Free Report) last released 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). 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 the consensus estimate of $1.64 billion. During the same quarter in the prior year, the company posted $0.64 EPS. The company's revenue for the quarter was down 1.3% compared to the same quarter last year. Equities research analysts forecast that Jefferies Financial Group Inc. will post 4.41 EPS for the current year.

Jefferies Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, August 18th. Jefferies Financial Group's dividend payout ratio (DPR) is currently 60.38%.

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.

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