DAVENPORT & Co LLC Makes New Investment in Jefferies Financial Group Inc. (NYSE:JEF)

DAVENPORT & Co LLC purchased a new position in Jefferies Financial Group Inc. (NYSE:JEFGet Rating) in the 1st quarter, Holdings Channel reports. The institutional investor purchased 12,860 shares of the financial services provider’s stock, valued at approximately $422,000.

Several other large investors also recently modified their holdings of JEF. State Street Corp grew its holdings in shares of Jefferies Financial Group by 4.0% during the fourth quarter. State Street Corp now owns 5,700,991 shares of the financial services provider’s stock worth $221,198,000 after buying an additional 217,365 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Jefferies Financial Group by 23.1% during the fourth quarter. First Trust Advisors LP now owns 4,945,818 shares of the financial services provider’s stock worth $191,898,000 after buying an additional 927,840 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Jefferies Financial Group by 91.5% during the fourth quarter. Alliancebernstein L.P. now owns 4,550,667 shares of the financial services provider’s stock worth $176,566,000 after buying an additional 2,174,282 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Jefferies Financial Group by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 3,817,082 shares of the financial services provider’s stock worth $148,102,000 after buying an additional 182,064 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Jefferies Financial Group by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,751,881 shares of the financial services provider’s stock worth $145,574,000 after buying an additional 36,748 shares in the last quarter. 69.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on JEF. Keefe, Bruyette & Woods decreased their price target on Jefferies Financial Group from $33.00 to $30.00 in a research note on Tuesday, June 28th. StockNews.com began coverage on Jefferies Financial Group in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Oppenheimer decreased their price target on Jefferies Financial Group from $50.00 to $47.00 and set an “outperform” rating for the company in a research note on Tuesday, June 7th. Finally, Morgan Stanley decreased their price target on Jefferies Financial Group from $32.00 to $28.00 and set an “equal weight” rating for the company in a research note on Monday, July 18th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $37.50.

Jefferies Financial Group Stock Performance

JEF opened at $30.79 on Wednesday. Jefferies Financial Group Inc. has a 12-month low of $25.88 and a 12-month high of $44.47. The stock has a market cap of $7.16 billion, a price-to-earnings ratio of 7.03 and a beta of 1.38. The business has a 50 day moving average of $29.39 and a 200-day moving average of $32.43. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 1.04.

Jefferies Financial Group (NYSE:JEFGet Rating) last released its quarterly earnings data on Monday, June 27th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.19). Jefferies Financial Group had a net margin of 17.23% and a return on equity of 11.76%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the business earned $1.31 earnings per share. The business’s quarterly revenue was down 29.8% on a year-over-year basis. On average, equities research analysts expect that Jefferies Financial Group Inc. will post 3.4 earnings per share for the current year.

Jefferies Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Monday, August 15th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, August 12th. This represents a $1.20 annualized dividend and a yield of 3.90%. Jefferies Financial Group’s payout ratio is currently 27.40%.

Insider Buying and Selling

In other news, Director Thomas W. Jones purchased 40,000 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The stock was acquired at an average cost of $31.21 per share, with a total value of $1,248,400.00. Following the acquisition, the director now owns 55,962 shares in the company, valued at approximately $1,746,574.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 17.90% of the stock is currently owned by insiders.

Jefferies Financial Group Company Profile

(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.

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Institutional Ownership by Quarter for Jefferies Financial Group (NYSE:JEF)

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