State of Alaska Department of Revenue lowered its stake in Jefferies Financial Group Inc (NYSE:JEF) by 7.7% during the 4th quarter, Holdings Channel reports. The firm owned 41,399 shares of the financial services provider’s stock after selling 3,439 shares during the quarter. State of Alaska Department of Revenue’s holdings in Jefferies Financial Group were worth $884,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in JEF. North Star Investment Management Corp. purchased a new stake in shares of Jefferies Financial Group during the 3rd quarter valued at about $27,000. Cullen Frost Bankers Inc. raised its position in shares of Jefferies Financial Group by 332.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 1,568 shares of the financial services provider’s stock valued at $29,000 after buying an additional 1,205 shares in the last quarter. Thor Advisors LLC purchased a new stake in shares of Jefferies Financial Group during the 3rd quarter valued at about $34,000. Usca Ria LLC purchased a new stake in shares of Jefferies Financial Group during the 3rd quarter valued at about $47,000. Finally, Covington Capital Management raised its position in shares of Jefferies Financial Group by 92.6% during the 3rd quarter. Covington Capital Management now owns 3,731 shares of the financial services provider’s stock valued at $69,000 after buying an additional 1,794 shares in the last quarter. Institutional investors and hedge funds own 72.19% of the company’s stock.
Shares of NYSE JEF opened at $22.41 on Friday. The firm’s 50-day moving average price is $21.37 and its 200-day moving average price is $19.99. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of 16.98 and a beta of 1.49. Jefferies Financial Group Inc has a 12-month low of $16.84 and a 12-month high of $22.64.
Jefferies Financial Group (NYSE:JEF) last announced its earnings results on Wednesday, January 8th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.39. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Jefferies Financial Group had a net margin of 23.42% and a return on equity of 4.22%. During the same period in the prior year, the company earned ($0.06) EPS. On average, equities analysts predict that Jefferies Financial Group Inc will post 0.98 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.68%. This is a boost from Jefferies Financial Group’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, February 13th. Jefferies Financial Group’s dividend payout ratio is currently 37.88%.
Separately, Zacks Investment Research cut shares of Jefferies Financial Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday.
In other news, Chairman Joseph S. Steinberg sold 522,810 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $21.03, for a total transaction of $10,994,694.30. Following the sale, the chairman now directly owns 2,632,979 shares in the company, valued at approximately $55,371,548.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 10.00% of the stock is currently owned by corporate insiders.
About Jefferies Financial Group
Jefferies Financial Group Inc, a financial services company, engages in investment banking and capital markets, asset management, and direct investing businesses in the Americas, Europe, and Asia. the company also offers equities research, sales, and trading services; equity finance services comprising financing, securities lending, and other prime brokerage services; and wealth management services to high net worth individuals, their families and businesses, private equity and venture funds, and small institutions.
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