Jefferies Financial Group Inc. (NYSE:JEF) Plans Quarterly Dividend of $0.30

Jefferies Financial Group Inc. (NYSE:JEFGet Rating) declared a quarterly dividend on Monday, March 28th, Zacks reports. Stockholders of record on Monday, May 16th will be paid a dividend of 0.30 per share by the financial services provider on Friday, May 27th. This represents a $1.20 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend is Friday, May 13th.

Jefferies Financial Group has increased its dividend payment by an average of 26.0% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Jefferies Financial Group has a dividend payout ratio of 27.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Jefferies Financial Group to earn $4.44 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 27.0%.

JEF opened at $31.44 on Wednesday. The firm has a market cap of $7.53 billion, a PE ratio of 6.01 and a beta of 1.35. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 1.01. The business has a fifty day simple moving average of $32.26 and a 200-day simple moving average of $36.52. Jefferies Financial Group has a fifty-two week low of $28.99 and a fifty-two week high of $44.47.

Jefferies Financial Group (NYSE:JEFGet Rating) last released its quarterly earnings data on Monday, March 28th. The financial services provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.32. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.55 billion. Jefferies Financial Group had a return on equity of 14.13% and a net margin of 19.09%. The company’s revenue was down 30.4% compared to the same quarter last year. During the same period last year, the company posted $2.14 EPS. On average, equities research analysts anticipate that Jefferies Financial Group will post 3.83 EPS for the current fiscal year.

In related news, Director Thomas W. Jones bought 10,000 shares of the business’s stock in a transaction on Wednesday, March 30th. The shares were bought at an average cost of $33.48 per share, for a total transaction of $334,800.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kane Michael T. O sold 6,000 shares of Jefferies Financial Group stock in a transaction dated Tuesday, April 19th. The stock was sold at an average price of $33.39, for a total value of $200,340.00. Following the completion of the transaction, the director now owns 97,138 shares in the company, valued at $3,243,437.82. The disclosure for this sale can be found here. 17.90% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in JEF. BlackRock Inc. grew its position in Jefferies Financial Group by 3.2% during the fourth quarter. BlackRock Inc. now owns 18,249,052 shares of the financial services provider’s stock worth $708,065,000 after buying an additional 563,500 shares in the last quarter. Allianz Asset Management GmbH grew its position in Jefferies Financial Group by 6.3% during the fourth quarter. Allianz Asset Management GmbH now owns 1,427,757 shares of the financial services provider’s stock worth $55,396,000 after buying an additional 84,059 shares in the last quarter. Sei Investments Co. grew its position in Jefferies Financial Group by 89.3% during the fourth quarter. Sei Investments Co. now owns 132,207 shares of the financial services provider’s stock worth $5,187,000 after buying an additional 62,350 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in Jefferies Financial Group by 6.3% during the fourth quarter. Parametric Portfolio Associates LLC now owns 528,019 shares of the financial services provider’s stock worth $20,487,000 after buying an additional 31,231 shares in the last quarter. Finally, State of Tennessee Treasury Department grew its position in Jefferies Financial Group by 20.9% during the fourth quarter. State of Tennessee Treasury Department now owns 115,864 shares of the financial services provider’s stock worth $4,496,000 after buying an additional 20,000 shares in the last quarter. 69.79% of the stock is currently owned by institutional investors and hedge funds.

JEF has been the subject of several recent analyst reports. Oppenheimer decreased their target price on Jefferies Financial Group from $52.00 to $47.00 and set an “outperform” rating for the company in a research report on Friday, March 18th. StockNews.com initiated coverage on Jefferies Financial Group in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Morgan Stanley decreased their target price on Jefferies Financial Group from $40.00 to $35.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 8th. Finally, Zacks Investment Research raised Jefferies Financial Group from a “hold” rating to a “strong-buy” rating and set a $37.00 target price for the company in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Jefferies Financial Group currently has a consensus rating of “Buy” and a consensus target price of $42.00.

About Jefferies Financial Group (Get Rating)

Jefferies Financial Group Inc engages in the investment banking and capital markets, and asset management businesses in the Americas, Europe, the Middle East, Africa, and Asia. The company operates in Investment Banking and Capital Markets, Asset Management, Merchant Banking, and Corporate segments. 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.

See Also

Dividend History for Jefferies Financial Group (NYSE:JEF)

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