XTX Topco Ltd Trims Stake in Jefferies Financial Group Inc. (NYSE:JEF)

Key Points

• XTX Topco Ltd has reduced its stake in Jefferies Financial Group Inc. by 20%, now holding 21,145 shares valued at approximately $1.13 million as of the recent SEC filing.
• Jefferies Financial Group reported earnings of $0.40 per share for the last quarter, missing analysts' expectations of $0.44 and showing a 1.3% decrease in revenue compared to last year.
• The company declared a quarterly dividend of $0.40 per share, with a yield of 2.9%, and a dividend payout ratio of 60.38%.

XTX Topco Ltd lowered its holdings in Jefferies Financial Group Inc. (NYSE:JEF - Free Report) by 20.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,145 shares of the financial services provider's stock after selling 5,284 shares during the quarter. XTX Topco Ltd's holdings in Jefferies Financial Group were worth $1,133,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Quadrant Capital Group LLC raised its position in Jefferies Financial Group by 5.8% in the fourth 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 period. CoreCap Advisors LLC raised its position in Jefferies Financial Group by 7.6% in the fourth quarter. CoreCap Advisors LLC now owns 2,842 shares of the financial services provider's stock valued at $223,000 after purchasing an additional 200 shares during the period. Bessemer Group Inc. raised its position in Jefferies Financial Group by 12.8% in the fourth quarter. Bessemer Group Inc. now owns 2,030 shares of the financial services provider's stock valued at $159,000 after purchasing an additional 230 shares during the period. Meeder Advisory Services Inc. raised its position in Jefferies Financial Group by 3.9% in the fourth quarter. Meeder Advisory Services Inc. now owns 7,774 shares of the financial services provider's stock valued at $609,000 after purchasing an additional 289 shares during the period. Finally, Simmons Bank raised its position in Jefferies Financial Group by 3.5% in the first quarter. Simmons Bank now owns 8,970 shares of the financial services provider's stock valued at $481,000 after purchasing an additional 302 shares during the period. Hedge funds and other institutional investors own 60.88% of the company's stock.

Jefferies Financial Group Trading Down 3.0%

JEF opened at $55.93 on Friday. The business has a fifty day moving average price of $54.20 and a 200 day moving average price of $56.95. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.05 and a quick ratio of 1.05. Jefferies Financial Group Inc. has a 12 month low of $39.28 and a 12 month high of $82.68. The stock has a market capitalization of $11.54 billion, a price-to-earnings ratio of 21.11 and a beta of 1.48.

Jefferies Financial Group (NYSE:JEF - Get Free Report) last issued 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). Jefferies Financial Group had a return on equity of 6.59% and a net margin of 7.70%. The company had revenue of $1.63 billion for the quarter, compared to analysts' expectations of $1.64 billion. During the same quarter last year, the company earned $0.64 EPS. Jefferies Financial Group's revenue for the quarter was down 1.3% compared to the same quarter last year. Sell-side analysts expect that Jefferies Financial Group Inc. will post 4.41 earnings per share for the current fiscal year.

Jefferies Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, August 18th. This represents a $1.60 annualized dividend and a yield of 2.9%. Jefferies Financial Group's dividend payout ratio is 60.38%.

Wall Street Analyst Weigh In

JEF has been the topic of several research analyst reports. Wall Street Zen downgraded Jefferies Financial Group from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. The Goldman Sachs Group boosted their price objective on Jefferies Financial Group from $55.00 to $62.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Finally, Morgan Stanley cut their price objective on Jefferies Financial Group from $55.00 to $54.00 and set an "equal weight" rating on the stock in a report on Thursday, June 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $66.00.

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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