Jefferies Financial Group Inc. to Issue Quarterly Dividend of $0.40 (NYSE:JEF)

Jefferies Financial Group Inc. (NYSE:JEF) declared a quarterly dividend on Wednesday, June 24th. Investors of record on Tuesday, August 18th will be paid a dividend of 0.40 per share by the financial services provider on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, August 18th.

Jefferies Financial Group has raised its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 2 years. Jefferies Financial Group has a dividend payout ratio of 38.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Jefferies Financial Group to earn $4.82 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 33.2%.

Jefferies Financial Group Price Performance

Shares of NYSE JEF opened at $57.92 on Thursday. 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 has a fifty-two week low of $35.53 and a fifty-two week high of $71.04. The business has a 50 day moving average price of $53.28 and a two-hundred day moving average price of $53.34. The firm has a market cap of $11.84 billion, a PE ratio of 19.57 and a beta of 1.54.

Jefferies Financial Group (NYSE:JEF) last announced its earnings results on Wednesday, June 24th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.14). The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.30 billion. Jefferies Financial Group had a net margin of 6.61% and a return on equity of 7.83%. The business’s revenue for the quarter was up 35.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.40 earnings per share. Sell-side analysts expect that Jefferies Financial Group will post 3.94 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Jefferies Financial Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Salomon & Ludwin LLC grew its holdings in shares of Jefferies Financial Group by 75.0% during the fourth quarter. Salomon & Ludwin LLC now owns 413 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 177 shares during the last quarter. Smithfield Trust Co bought a new stake in shares of Jefferies Financial Group in the 4th quarter worth approximately $27,000. Elyxium Wealth LLC bought a new stake in shares of Jefferies Financial Group in the 4th quarter worth approximately $28,000. Nvwm LLC acquired a new position in Jefferies Financial Group during the 4th quarter valued at approximately $31,000. Finally, Ramirez Asset Management Inc. acquired a new position in Jefferies Financial Group during the 4th quarter valued at approximately $31,000. 60.88% of the stock is currently owned by institutional investors and hedge funds.

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.