Lido Advisors LLC bought a new position in Jefferies Financial Group Inc. (NYSE:JEF – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 9,231 shares of the financial services provider’s stock, valued at approximately $306,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JEF. Denali Advisors LLC acquired a new stake in shares of Jefferies Financial Group during the 2nd quarter valued at about $27,000. CWM LLC grew its position in shares of Jefferies Financial Group by 66.6% during the 1st quarter. CWM LLC now owns 958 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 383 shares during the period. Belpointe Asset Management LLC grew its position in shares of Jefferies Financial Group by 56.7% during the 1st quarter. Belpointe Asset Management LLC now owns 1,147 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 415 shares during the period. Acadian Asset Management LLC acquired a new stake in Jefferies Financial Group in the 2nd quarter worth about $63,000. Finally, Covington Capital Management boosted its holdings in Jefferies Financial Group by 27.8% in the 3rd quarter. Covington Capital Management now owns 2,525 shares of the financial services provider’s stock worth $74,000 after buying an additional 550 shares during the last quarter. Hedge funds and other institutional investors own 70.80% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on JEF. The Goldman Sachs Group upgraded Jefferies Financial Group from a “buy” rating to a “conviction-buy” rating in a report on Tuesday, September 5th. StockNews.com lowered shares of Jefferies Financial Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Finally, Oppenheimer lifted their price target on shares of Jefferies Financial Group from $39.00 to $43.00 and gave the company an “outperform” rating in a research report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $39.00.
Jefferies Financial Group Stock Down 0.3 %
Shares of NYSE JEF opened at $34.91 on Tuesday. The firm has a market cap of $7.35 billion, a price-to-earnings ratio of 25.30 and a beta of 1.45. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.11. Jefferies Financial Group Inc. has a 52-week low of $28.34 and a 52-week high of $40.80. The business’s 50 day moving average is $34.86 and its two-hundred day moving average is $34.00.
Jefferies Financial Group (NYSE:JEF – Get Free Report) last announced its earnings results on Wednesday, September 27th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.11). The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Jefferies Financial Group had a net margin of 7.02% and a return on equity of 4.32%. The firm’s revenue for the quarter was down 21.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.10 EPS. Research analysts predict that Jefferies Financial Group Inc. will post 1.53 EPS for the current year.
Jefferies Financial Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Monday, November 13th will be paid a $0.30 dividend. The ex-dividend date is Friday, November 10th. This represents a $1.20 annualized dividend and a dividend yield of 3.44%. Jefferies Financial Group’s dividend payout ratio (DPR) is 86.96%.
Jefferies Financial Group Company Profile
Jefferies Financial Group Inc engages in the investment banking and capital markets, and asset management businesses in the Americas, Europe, the Middle East, and Asia. 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, restructurings or recapitalizations and private capital advisory transactions; equity and debt underwriting; and corporate lending.
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