Principal Financial Group Inc. Acquires 25,003 Shares of Jefferies Financial Group Inc. (NYSE:JEF)

Principal Financial Group Inc. raised its holdings in shares of Jefferies Financial Group Inc. (NYSE:JEFGet Rating) by 3.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 756,224 shares of the financial services provider’s stock after acquiring an additional 25,003 shares during the period. Principal Financial Group Inc. owned approximately 0.33% of Jefferies Financial Group worth $20,887,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rock Point Advisors LLC increased its position in shares of Jefferies Financial Group by 8.2% in the 2nd quarter. Rock Point Advisors LLC now owns 366,670 shares of the financial services provider’s stock valued at $10,127,000 after buying an additional 27,915 shares in the last quarter. SeaCrest Wealth Management LLC bought a new stake in shares of Jefferies Financial Group in the 2nd quarter valued at $90,000. Walleye Capital LLC bought a new stake in shares of Jefferies Financial Group in the 2nd quarter valued at $604,000. Baird Financial Group Inc. increased its position in shares of Jefferies Financial Group by 1.5% in the 2nd quarter. Baird Financial Group Inc. now owns 69,061 shares of the financial services provider’s stock valued at $1,908,000 after buying an additional 1,030 shares in the last quarter. Finally, Texas Permanent School Fund increased its position in shares of Jefferies Financial Group by 1.1% in the 2nd quarter. Texas Permanent School Fund now owns 138,706 shares of the financial services provider’s stock valued at $3,831,000 after buying an additional 1,534 shares in the last quarter. Institutional investors own 67.62% of the company’s stock.

Insider Transactions at Jefferies Financial Group

In other news, President Brian P. Friedman sold 500,000 shares of the stock in a transaction dated Monday, October 24th. The shares were sold at an average price of $32.85, for a total transaction of $16,425,000.00. Following the completion of 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 SEC, which is available at this link. Company insiders own 17.90% of the company’s stock.

Analyst Upgrades and Downgrades

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

Jefferies Financial Group Trading Down 1.5 %

Jefferies Financial Group stock opened at $37.05 on Tuesday. The firm has a 50-day moving average of $33.10 and a 200-day moving average of $31.70. Jefferies Financial Group Inc. has a one year low of $25.88 and a one year high of $41.49. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.11 and a quick ratio of 2.11. The company has a market cap of $8.48 billion, a price-to-earnings ratio of 10.12 and a beta of 1.38.

Jefferies Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 29th. Stockholders of record on Monday, November 14th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, November 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.24%. Jefferies Financial Group’s dividend payout ratio is 32.79%.

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

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

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