Bay Colony Advisory Group Inc d b a Bay Colony Advisors Has $379,000 Stake in Jefferies Financial Group Inc. (NYSE:JEF)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in shares of Jefferies Financial Group Inc. (NYSE:JEF) by 23.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 9,375 shares of the financial services provider’s stock after acquiring an additional 1,800 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Jefferies Financial Group were worth $379,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Louisiana State Employees Retirement System acquired a new stake in shares of Jefferies Financial Group during the 4th quarter valued at about $1,911,000. NewEdge Wealth LLC lifted its holdings in shares of Jefferies Financial Group by 9.4% during the 4th quarter. NewEdge Wealth LLC now owns 356,379 shares of the financial services provider’s stock valued at $14,401,000 after buying an additional 30,539 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of Jefferies Financial Group by 476.2% during the 4th quarter. Cerity Partners LLC now owns 196,557 shares of the financial services provider’s stock valued at $7,943,000 after buying an additional 162,442 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Jefferies Financial Group during the 4th quarter valued at about $331,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Jefferies Financial Group by 76.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,236,862 shares of the financial services provider’s stock valued at $130,802,000 after acquiring an additional 1,406,920 shares in the last quarter. 60.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JEF has been the topic of a number of recent analyst reports. Oppenheimer raised their price objective on Jefferies Financial Group from $52.00 to $54.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. StockNews.com downgraded Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday. Two analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $43.33.

Jefferies Financial Group Stock Performance

Shares of NYSE JEF opened at $41.30 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The business’s 50 day moving average is $42.73 and its two-hundred day moving average is $38.89. The company has a market cap of $8.76 billion, a P/E ratio of 33.85 and a beta of 1.37. Jefferies Financial Group Inc. has a 12 month low of $28.81 and a 12 month high of $47.39.

Jefferies Financial Group (NYSE:JEF) last issued its quarterly earnings results on Wednesday, March 27th. The financial services provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.76 by $0.11. Jefferies Financial Group had a return on equity of 4.41% and a net margin of 5.90%. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the previous year, the business posted $0.55 EPS. The company’s revenue for the quarter was up 35.4% on a year-over-year basis. On average, equities analysts expect that Jefferies Financial Group Inc. will post 3.38 EPS for the current year.

Jefferies Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Monday, May 20th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Friday, May 17th. Jefferies Financial Group’s payout ratio is presently 98.36%.

Jefferies Financial Group 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.