Bank of Nova Scotia Takes $716,000 Position in Jefferies Financial Group Inc. (NYSE:JEF)

Bank of Nova Scotia bought a new position in shares of Jefferies Financial Group Inc. (NYSE:JEF – Get Rating) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 20,895 shares of the financial services provider’s stock, valued at approximately $716,000.

Other large investors have also recently bought and sold shares of the company. Belpointe Asset Management LLC acquired a new stake in Jefferies Financial Group during the 4th quarter valued at approximately $25,000. Ellevest Inc. acquired a new position in shares of Jefferies Financial Group in the 3rd quarter valued at about $29,000. Evermay Wealth Management LLC purchased a new stake in shares of Jefferies Financial Group in the fourth quarter worth about $34,000. Guardian Wealth Advisors LLC acquired a new stake in Jefferies Financial Group during the third quarter worth about $54,000. Finally, Quadrant Capital Group LLC raised its position in Jefferies Financial Group by 87.7% during the third quarter. Quadrant Capital Group LLC now owns 1,926 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 66.04% of the company’s stock.

Jefferies Financial Group Trading Up 0.5 %

Shares of JEF opened at $30.90 on Wednesday. Jefferies Financial Group Inc. has a 52-week low of $25.88 and a 52-week high of $40.80. The stock has a market cap of $7.21 billion, a PE ratio of 13.21 and a beta of 1.38. The firm’s fifty day moving average is $30.78 and its two-hundred day moving average is $34.90. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.04.

Jefferies Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 26th. Investors of record on Monday, May 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 12th. This represents a $1.20 dividend on an annualized basis and a yield of 3.88%. Jefferies Financial Group’s payout ratio is presently 51.28%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Oppenheimer dropped their price objective on shares of Jefferies Financial Group from $42.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, April 6th. Morgan Stanley cut shares of Jefferies Financial Group from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $28.00 to $27.00 in a report on Wednesday, April 12th. Finally, StockNews.com assumed coverage on shares of Jefferies Financial Group in a research note on Thursday, May 18th. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $36.00.

Jefferies Financial Group Profile

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Jefferies Financial Group, Inc is a holding company, which engages in the provision of financial services. It operates through Investment Banking and Capital Markets, and Asset Management. The Investment Banking and Capital Markets segment provides investment banking, capital markets, and other related services.