TIAA Trust National Association Has $1.29 Million Holdings in Jefferies Financial Group Inc. (NYSE:JEF)

Key Points

• TIAA Trust National Association increased its holdings in Jefferies Financial Group by 522.5% in the first quarter, owning 24,129 shares valued at approximately $1.29 million.
• Analysts have set a consensus price target of $66.00 for Jefferies Financial Group, with ratings ranging from "sell" to "buy" among various research firms.
• Jefferies Financial Group reported a quarterly earnings per share of $0.40, missing expectations, and has declared a quarterly dividend of $0.40 to be paid on August 29th.

TIAA Trust National Association boosted its stake in Jefferies Financial Group Inc. (NYSE:JEF - Free Report) by 522.5% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,129 shares of the financial services provider's stock after buying an additional 20,253 shares during the quarter. TIAA Trust National Association's holdings in Jefferies Financial Group were worth $1,293,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its position in shares of Jefferies Financial Group by 15.4% in the fourth quarter. Wells Fargo & Company MN now owns 320,455 shares of the financial services provider's stock worth $25,124,000 after acquiring an additional 42,821 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Jefferies Financial Group by 110.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 267,007 shares of the financial services provider's stock worth $20,933,000 after purchasing an additional 140,037 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of Jefferies Financial Group by 5.8% in the 4th quarter. Quadrant Capital Group LLC now owns 2,960 shares of the financial services provider's stock valued at $232,000 after purchasing an additional 161 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of Jefferies Financial Group by 8.8% during the 4th quarter. Federated Hermes Inc. now owns 15,439 shares of the financial services provider's stock valued at $1,210,000 after buying an additional 1,245 shares during the period. Finally, FMR LLC grew its stake in shares of Jefferies Financial Group by 63.7% during the 4th quarter. FMR LLC now owns 5,381,149 shares of the financial services provider's stock valued at $421,882,000 after buying an additional 2,094,191 shares during the period. Institutional investors and hedge funds own 60.88% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on JEF shares. Morgan Stanley reduced their price objective 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 boosted 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 note on Thursday, May 15th. Finally, Wall Street Zen downgraded shares of Jefferies Financial Group from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Jefferies Financial Group has an average rating of "Hold" and an average target price of $66.00.

Jefferies Financial Group Price Performance

Shares of NYSE JEF traded up $1.25 during mid-day trading on Friday, reaching $58.84. The company had a trading volume of 440,135 shares, compared to its average volume of 1,812,586. Jefferies Financial Group Inc. has a 1-year low of $39.28 and a 1-year high of $82.68. The stock has a market cap of $12.14 billion, a PE ratio of 22.21 and a beta of 1.48. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.68. The company has a 50-day moving average price of $54.87 and a two-hundred day moving average price of $56.46.

Jefferies Financial Group (NYSE:JEF - Get Free Report) last posted its quarterly earnings results on Wednesday, June 25th. The financial services provider reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.04). The business had revenue of $1.63 billion for 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 firm's quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 earnings per share. 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 dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.7%. Jefferies Financial Group's dividend payout ratio is currently 60.38%.

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.