23 hours Ago By ABMN Staff
Marshall Wace LLP acquired a new stake in Jefferies Financial Group Inc. ( NYSE:JEF – Free Report ) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 16,520 shares of the financial services provider’s stock, valued at approximately $1,295,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hemington Wealth Management boosted its position in Jefferies Financial Group by 71.8% in the 4th quarter.
Hemington Wealth Management now owns 335 shares of the financial services provider’s stock valued at $26,000 after buying an additional 140 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its position in shares of Jefferies Financial Group by 14.
2% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,223 shares of the financial services provider’s stock worth $96,000 after purchasing an additional 152 shares during the last quarter.
Quadrant Capital Group LLC lifted its position in shares of Jefferies Financial Group by 5.8% during the fourth quarter. Quadrant Capital Group LLC now owns 2,960 shares of the financial services provider’s stock worth $232,000 after purchasing an additional 161 shares during the last quarter.
Caprock Group LLC lifted its position in shares of Jefferies Financial Group by 4.5% during the fourth quarter. Caprock Group LLC now owns 3,844 shares of the financial services provider’s stock worth $301,000 after purchasing an additional 165 shares during the last quarter.
Finally, Greenleaf Trust lifted its position in shares of Jefferies Financial Group by 2.8% during the fourth quarter. Greenleaf Trust now owns 6,554 shares of the financial services provider’s stock worth $514,000 after purchasing an additional 179 shares during the last quarter.
60.88% of the stock is owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In A number of brokerages have issued reports on JEF.
Oppenheimer cut shares of Jefferies Financial Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. Morgan Stanley cut Jefferies Financial Group from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $75.00 to $41.
00 in a research note on Monday, April 7th. The Goldman Sachs Group set a $75.00 price target on Jefferies Financial Group in a research note on Wednesday, March 5th.
Finally, StockNews.com lowered Jefferies Financial Group from a “hold” rating to a “sell” rating in a report on Monday, March 31st. Jefferies Financial Group Trading Up 0.
3 % NYSE:JEF opened at $47.10 on Wednesday. The company has a quick ratio of 1.
07, a current ratio of 1.07 and a debt-to-equity ratio of 1.57.
Jefferies Financial Group Inc. has a 1-year low of $39.28 and a 1-year high of $82.
68. The firm has a market capitalization of $9.71 billion, a price-to-earnings ratio of 15.
81 and a beta of 1.29. The stock has a fifty day simple moving average of $52.
81 and a 200 day simple moving average of $66.73. Jefferies Financial Group ( NYSE:JEF – Get Free Report ) last announced its quarterly earnings data on Wednesday, March 26th.
The financial services provider reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.
28). Jefferies Financial Group had a return on equity of 7.92% and a net margin of 10.
57%. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.
93 billion. During the same quarter in the previous year, the business posted $0.87 earnings per share.
The company’s revenue was down 8.4% compared to the same quarter last year. Sell-side analysts forecast that Jefferies Financial Group Inc.
will post 4.41 earnings per share for the current year. Jefferies Financial Group Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th.
Shareholders of record on Monday, May 19th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, May 19th.
This represents a $1.60 dividend on an annualized basis and a yield of 3.40%.
Jefferies Financial Group’s payout ratio is presently 55.36%. About Jefferies Financial Group ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding JEF? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Jefferies Financial Group Inc. ( NYSE:JEF – Free Report ). Receive News & Ratings for Jefferies Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jefferies Financial Group and related companies with MarketBeat.
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