LPL Financial LLC raised its stake in Jefferies Financial Group Inc. (NYSE:JEF – Free Report) by 212.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 93,860 shares of the financial services provider’s stock after acquiring an additional 63,772 shares during the quarter. LPL Financial LLC’s holdings in Jefferies Financial Group were worth $2,979,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Scissortail Wealth Management LLC acquired a new stake in shares of Jefferies Financial Group during the 1st quarter worth approximately $244,895,000. Belpointe Asset Management LLC acquired a new stake in shares of Jefferies Financial Group during the 4th quarter worth approximately $25,000. OLD Mission Capital LLC acquired a new stake in shares of Jefferies Financial Group during the 4th quarter worth approximately $28,000. CWM LLC boosted its position in shares of Jefferies Financial Group by 66.6% during the 1st quarter. CWM LLC now owns 958 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 383 shares in the last quarter. Finally, Ridgewood Investments LLC bought a new position in Jefferies Financial Group in the 1st quarter valued at approximately $70,000. 70.80% of the stock is owned by institutional investors.
Insider Buying and Selling
In other Jefferies Financial Group news, Chairman Joseph S. Steinberg sold 134,217 shares of Jefferies Financial Group stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $35.79, for a total value of $4,803,626.43. Following the sale, the chairman now owns 15,744,184 shares of the company’s stock, valued at $563,484,345.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Jefferies Financial Group news, Chairman Joseph S. Steinberg sold 134,217 shares of Jefferies Financial Group stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $35.79, for a total value of $4,803,626.43. Following the sale, the chairman now owns 15,744,184 shares of the company’s stock, valued at $563,484,345.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Joseph S. Steinberg sold 225,311 shares of Jefferies Financial Group stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $35.87, for a total transaction of $8,081,905.57. Following the completion of the sale, the chairman now directly owns 16,225,385 shares in the company, valued at approximately $582,004,559.95. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 578,320 shares of company stock worth $20,948,017. 20.10% of the stock is owned by insiders.
Jefferies Financial Group Trading Up 0.2 %
Jefferies Financial Group (NYSE:JEF – Get Free Report) last issued its quarterly earnings data on Tuesday, June 27th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.22). The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. Jefferies Financial Group had a net margin of 9.21% and a return on equity of 6.23%. The firm’s quarterly revenue was down 22.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 earnings per share. Analysts expect that Jefferies Financial Group Inc. will post 1.58 EPS for the current fiscal year.
Jefferies Financial Group Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Monday, August 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.30%. The ex-dividend date was Friday, August 11th. Jefferies Financial Group’s dividend payout ratio (DPR) is presently 61.86%.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the stock. Morgan Stanley raised shares of Jefferies Financial Group from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $27.00 to $36.00 in a research note on Wednesday, July 12th. Oppenheimer raised their price target on shares of Jefferies Financial Group from $40.00 to $45.00 in a research note on Tuesday, June 13th. StockNews.com began coverage on shares of Jefferies Financial Group in a research note on Thursday, August 17th. They set a “hold” rating for the company. TheStreet raised shares of Jefferies Financial Group from a “c+” rating to a “b-” rating in a research note on Monday, July 17th. Finally, The Goldman Sachs Group raised shares of Jefferies Financial Group from a “buy” rating to a “conviction-buy” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $39.50.
About Jefferies Financial Group
Jefferies Financial Group Inc engages in the investment banking and capital markets, and asset management businesses in the Americas, Europe, the Middle East, and Asia. The company operates in two segments, Investment Banking and Capital Markets, and Asset Management. 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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