Cynosure Group LLC Invests $510,000 in Jefferies Financial Group Inc. $JEF

Cynosure Group LLC acquired a new position in shares of Jefferies Financial Group Inc. (NYSE:JEF) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,225 shares of the financial services provider’s stock, valued at approximately $510,000.

Other hedge funds have also modified their holdings of the company. Victory Capital Management Inc. increased its position in shares of Jefferies Financial Group by 245.2% during the 3rd quarter. Victory Capital Management Inc. now owns 651,216 shares of the financial services provider’s stock valued at $42,603,000 after purchasing an additional 462,546 shares during the last quarter. Intech Investment Management LLC increased its position in shares of Jefferies Financial Group by 95.7% during the 4th quarter. Intech Investment Management LLC now owns 132,263 shares of the financial services provider’s stock valued at $8,196,000 after purchasing an additional 64,682 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Jefferies Financial Group by 26.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 147,894 shares of the financial services provider’s stock valued at $9,848,000 after purchasing an additional 31,288 shares during the last quarter. Check Capital Management Inc. CA bought a new position in shares of Jefferies Financial Group during the 4th quarter valued at approximately $28,041,000. Finally, Citigroup Inc. increased its position in shares of Jefferies Financial Group by 284.7% during the 3rd quarter. Citigroup Inc. now owns 226,770 shares of the financial services provider’s stock valued at $14,835,000 after purchasing an additional 167,817 shares during the last quarter. 60.88% of the stock is owned by hedge funds and other institutional investors.

Jefferies Financial Group Stock Performance

Shares of Jefferies Financial Group stock opened at $62.03 on Wednesday. The stock’s fifty day moving average is $51.22 and its two-hundred day moving average is $53.19. The company has a market capitalization of $12.68 billion, a PE ratio of 20.96 and a beta of 1.54. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.87. Jefferies Financial Group Inc. has a 52 week low of $35.53 and a 52 week high of $71.04.

Jefferies Financial Group (NYSE:JEF) last announced its quarterly earnings data on Wednesday, March 25th. The financial services provider reported $0.70 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.19). The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.02 billion. Jefferies Financial Group had a net margin of 6.61% and a return on equity of 7.83%. The business’s revenue was up 26.6% compared to the same quarter last year. During the same period last year, the company earned $0.57 EPS. As a group, analysts expect that Jefferies Financial Group Inc. will post 3.94 earnings per share for the current year.

Jefferies Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Monday, May 18th. Jefferies Financial Group’s dividend payout ratio is 54.05%.

Analyst Ratings Changes

JEF has been the topic of several analyst reports. Oppenheimer boosted their target price on Jefferies Financial Group from $72.00 to $87.00 and gave the company an “outperform” rating in a research report on Friday, June 12th. UBS Group cut their target price on Jefferies Financial Group from $76.00 to $59.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. The Goldman Sachs Group reissued a “buy” rating on shares of Jefferies Financial Group in a research report on Friday, June 5th. Morgan Stanley boosted their target price on Jefferies Financial Group from $44.00 to $50.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 9th. Finally, Weiss Ratings raised Jefferies Financial Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $62.38.

Jefferies Financial Group Company Profile

Jefferies Financial Group Inc is a diversified financial services company that provides a range of investment banking, capital markets and asset management services to corporations, governments and institutional investors worldwide. Through its core platform, Jefferies offers advisory services for mergers and acquisitions, debt and equity underwriting, restructuring and recapitalization. The firm also operates a global sales and trading business covering equities, fixed income and foreign exchange products, complemented by equity research and macroeconomic analysis.

In addition to its capital markets franchise, Jefferies maintains a growing asset management division that delivers customized investment solutions across public and private markets.