Western Wealth Management LLC Sells 3,548 Shares of Jefferies Financial Group Inc. (NYSE:JEF)

Western Wealth Management LLC decreased its position in Jefferies Financial Group Inc. (NYSE:JEF) by 28.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,807 shares of the financial services provider’s stock after selling 3,548 shares during the period. Western Wealth Management LLC’s holdings in Jefferies Financial Group were worth $356,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Belpointe Asset Management LLC grew its holdings in shares of Jefferies Financial Group by 56.7% during the 1st quarter. Belpointe Asset Management LLC now owns 1,147 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 415 shares during the period. Washington Trust Advisors Inc. bought a new position in Jefferies Financial Group during the 3rd quarter valued at approximately $45,000. Allworth Financial LP raised its stake in Jefferies Financial Group by 56.6% during the fourth quarter. Allworth Financial LP now owns 1,126 shares of the financial services provider’s stock valued at $46,000 after buying an additional 407 shares during the last quarter. Ronald Blue Trust Inc. boosted its holdings in Jefferies Financial Group by 175.7% in the third quarter. Ronald Blue Trust Inc. now owns 1,362 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 868 shares in the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new stake in shares of Jefferies Financial Group in the second quarter worth $53,000. Institutional investors own 60.88% of the company’s stock.

Analyst Ratings Changes

JEF has been the subject of a number of recent analyst reports. Oppenheimer boosted their price objective on shares of Jefferies Financial Group from $52.00 to $54.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. StockNews.com lowered Jefferies Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, April 13th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $43.33.

Jefferies Financial Group Stock Performance

NYSE JEF opened at $42.17 on Monday. The business has a 50-day moving average price of $42.83 and a 200-day moving average price of $39.05. The firm has a market cap of $8.94 billion, a price-to-earnings ratio of 34.57 and a beta of 1.37. Jefferies Financial Group Inc. has a twelve month low of $28.81 and a twelve month high of $47.39. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.28.

Jefferies Financial Group (NYSE:JEF) last announced its quarterly earnings results on Wednesday, March 27th. The financial services provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.76 by $0.11. Jefferies Financial Group had a net margin of 5.90% and a return on equity of 4.41%. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the previous year, the company earned $0.55 EPS. The business’s quarterly revenue was up 35.4% compared to the same quarter last year. As a group, equities research analysts predict that Jefferies Financial Group Inc. will post 3.38 EPS for the current fiscal year.

Jefferies Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Monday, May 20th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Friday, May 17th. Jefferies Financial Group’s payout ratio is 98.36%.

Jefferies Financial Group Company Profile

Jefferies Financial Group Inc operates as an investment banking and capital markets firm in the Americas, Europe, the Middle East, and the Asia-Pacific. 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, debt financing, restructurings or recapitalizations, and private capital advisory transactions; underwriting and placement services related to corporate debt, municipal bonds, mortgage-backed and asset-backed securities, equity and equity-linked securities, and loan syndication services; and corporate lending services.