M&T Bank Corp Takes Position in Jefferies Financial Group Inc. (NYSE:JEF)

M&T Bank Corp acquired a new stake in Jefferies Financial Group Inc. (NYSE:JEFGet Rating) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 11,380 shares of the financial services provider’s stock, valued at approximately $118,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ervin Investment Management LLC increased its stake in shares of Jefferies Financial Group by 0.4% in the second quarter. Ervin Investment Management LLC now owns 91,913 shares of the financial services provider’s stock valued at $2,564,000 after buying an additional 345 shares during the period. Seven Eight Capital LP increased its stake in shares of Jefferies Financial Group by 5.0% in the second quarter. Seven Eight Capital LP now owns 8,176 shares of the financial services provider’s stock valued at $226,000 after buying an additional 390 shares during the period. Poehling Capital Management INC. boosted its holdings in Jefferies Financial Group by 0.3% in the first quarter. Poehling Capital Management INC. now owns 125,880 shares of the financial services provider’s stock valued at $4,135,000 after acquiring an additional 394 shares during the last quarter. Denali Advisors LLC boosted its holdings in Jefferies Financial Group by 80.0% in the second quarter. Denali Advisors LLC now owns 900 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 400 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in Jefferies Financial Group by 64.5% in the second quarter. Parallel Advisors LLC now owns 1,189 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 466 shares during the last quarter. Institutional investors and hedge funds own 67.62% of the company’s stock.

Insiders Place Their Bets

In other Jefferies Financial Group news, President Brian P. Friedman sold 500,000 shares of the stock in a transaction that occurred on Monday, October 24th. The stock was sold at an average price of $32.85, for a total transaction of $16,425,000.00. Following the transaction, the president now directly owns 6,722,213 shares in the company, valued at approximately $220,824,697.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 17.90% of the company’s stock.

Jefferies Financial Group Price Performance

Jefferies Financial Group stock opened at $37.30 on Friday. The stock has a market capitalization of $8.53 billion, a price-to-earnings ratio of 10.19 and a beta of 1.38. Jefferies Financial Group Inc. has a 52-week low of $25.88 and a 52-week high of $41.49. The stock’s 50 day moving average price is $32.96 and its two-hundred day moving average price is $31.65. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.11 and a current ratio of 2.11.

Jefferies Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 29th. Shareholders of record on Monday, November 14th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend is Thursday, November 10th. Jefferies Financial Group’s payout ratio is 32.79%.

Analyst Ratings Changes

Several analysts recently commented on JEF shares. StockNews.com started coverage on Jefferies Financial Group in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Keefe, Bruyette & Woods upgraded Jefferies Financial Group from a “market perform” rating to an “outperform” rating and upped their target price for the company from $30.00 to $38.00 in a report on Monday, September 5th. The Goldman Sachs Group upped their target price on Jefferies Financial Group from $33.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Finally, Oppenheimer reduced their target price on Jefferies Financial Group to $46.00 in a report on Wednesday, October 5th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.25.

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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