Total Clarity Wealth Management Inc. Buys Shares of 8,950 Jefferies Financial Group Inc. $JEF

Key Points

• Total Clarity Wealth Management Inc. bought 8,950 shares of Jefferies Financial Group for approximately $489,000 during the 2nd quarter.
• Jefferies Financial Group recently reported $1.01 EPS for the quarter, exceeding estimates and showing a 21.6% year-over-year revenue increase.
• A quarterly dividend of $0.40 per share has been announced, with a dividend yield of 3.0%, payable on November 26th.

Total Clarity Wealth Management Inc. purchased a new position in shares of Jefferies Financial Group Inc. (NYSE:JEF - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 8,950 shares of the financial services provider's stock, valued at approximately $489,000.

Several other institutional investors have also recently made changes to their positions in JEF. Bison Wealth LLC acquired a new position in shares of Jefferies Financial Group during the 4th quarter worth approximately $224,000. GAMMA Investing LLC increased its position in shares of 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 purchasing an additional 637 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Jefferies Financial Group by 687.1% during the 1st quarter. SG Americas Securities LLC now owns 13,633 shares of the financial services provider's stock worth $730,000 after purchasing an additional 11,901 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Jefferies Financial Group by 13.8% during the 1st quarter. Fifth Third Bancorp now owns 2,873 shares of the financial services provider's stock worth $154,000 after purchasing an additional 349 shares during the last quarter. Finally, Citadel Investment Advisory Inc. increased its position in shares of Jefferies Financial Group by 3.4% during the 1st quarter. Citadel Investment Advisory Inc. now owns 15,285 shares of the financial services provider's stock worth $819,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 60.88% of the company's stock.

Wall Street Analyst Weigh In

JEF has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Jefferies Financial Group in a research report on Wednesday, October 8th. Zacks Research raised Jefferies Financial Group from a "hold" rating to a "strong-buy" rating in a report on Friday, October 3rd. Telsey Advisory Group set a $74.00 target price on Jefferies Financial Group in a report on Tuesday, September 30th. Morgan Stanley set a $74.00 target price on Jefferies Financial Group in a report on Wednesday, October 8th. Finally, Wall Street Zen raised Jefferies Financial Group from a "sell" rating to a "hold" rating in a report on Saturday, September 20th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $72.00.

Jefferies Financial Group Stock Performance

JEF opened at $53.81 on Tuesday. The business has a fifty day simple moving average of $62.77 and a 200 day simple moving average of $55.26. The company has a market capitalization of $11.10 billion, a PE ratio of 18.49 and a beta of 1.51. Jefferies Financial Group Inc. has a 1 year low of $39.28 and a 1 year high of $82.68. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.05 and a quick ratio of 1.05.

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

Jefferies Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 17th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, November 17th. Jefferies Financial Group's dividend payout ratio is presently 54.98%.

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.

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