FORA Capital LLC purchased a new stake in Jefferies Financial Group Inc. (NYSE:JEF - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 10,439 shares of the financial services provider's stock, valued at approximately $818,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Hemington Wealth Management increased its holdings in Jefferies Financial Group by 71.8% in the fourth quarter. Hemington Wealth Management now owns 335 shares of the financial services provider's stock valued at $26,000 after buying an additional 140 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in Jefferies Financial Group in the 4th quarter valued at approximately $27,000. Stephens Consulting LLC acquired a new position in Jefferies Financial Group during the fourth quarter worth $29,000. Wilmington Savings Fund Society FSB purchased a new stake in Jefferies Financial Group during the third quarter worth $32,000. Finally, GAMMA Investing LLC grew its holdings in Jefferies Financial Group by 158.3% in the fourth quarter. GAMMA Investing LLC now owns 514 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 315 shares during the last quarter. Institutional investors and hedge funds own 60.88% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the company. StockNews.com raised Jefferies Financial Group from a "sell" rating to a "hold" rating in a research note on Monday, May 5th. Oppenheimer downgraded shares of Jefferies Financial Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Morgan Stanley cut shares of Jefferies Financial Group from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $75.00 to $41.00 in a research note on Monday, April 7th. Finally, The Goldman Sachs Group set a $75.00 target price on Jefferies Financial Group in a report on Wednesday, March 5th.
Check Out Our Latest Report on JEF
Jefferies Financial Group Stock Performance
Shares of JEF opened at $50.36 on Friday. The company has a market capitalization of $10.39 billion, a price-to-earnings ratio of 16.90 and a beta of 1.47. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07. Jefferies Financial Group Inc. has a 1 year low of $39.28 and a 1 year high of $82.68. The company's 50 day simple moving average is $50.27 and its 200 day simple moving average is $65.77.
Jefferies Financial Group (NYSE:JEF - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The financial services provider reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates of $0.88 by ($0.28). The business had revenue of $1.59 billion for the quarter, compared to analysts' expectations of $1.93 billion. Jefferies Financial Group had a return on equity of 7.92% and a net margin of 10.57%. The company's revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.87 EPS. On average, sell-side analysts predict that Jefferies Financial Group Inc. will post 4.41 EPS for the current year.
Jefferies Financial Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Monday, May 19th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Monday, May 19th. Jefferies Financial Group's dividend payout ratio is currently 55.36%.
Jefferies Financial Group Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding JEF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jefferies Financial Group Inc. (NYSE:JEF - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Jefferies Financial Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Jefferies Financial Group wasn't on the list.
While Jefferies Financial Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
