Wells Fargo & Company MN Has $10.60 Million Stock Position in Jefferies Financial Group Inc. (NYSE:JEF)

Wells Fargo & Company MN boosted its position in shares of Jefferies Financial Group Inc. (NYSE:JEFFree Report) by 49.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 262,379 shares of the financial services provider’s stock after purchasing an additional 86,700 shares during the period. Wells Fargo & Company MN owned 0.12% of Jefferies Financial Group worth $10,603,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Coldstream Capital Management Inc. boosted its position in Jefferies Financial Group by 29.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 9,384 shares of the financial services provider’s stock valued at $379,000 after purchasing an additional 2,142 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Jefferies Financial Group by 1.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 78,222 shares of the financial services provider’s stock valued at $3,161,000 after purchasing an additional 1,090 shares during the last quarter. Norges Bank acquired a new stake in shares of Jefferies Financial Group in the fourth quarter worth about $88,852,000. Rock Point Advisors LLC lifted its position in shares of Jefferies Financial Group by 0.4% in the fourth quarter. Rock Point Advisors LLC now owns 353,377 shares of the financial services provider’s stock worth $14,280,000 after buying an additional 1,460 shares during the last quarter. Finally, Wade G W & Inc. acquired a new stake in shares of Jefferies Financial Group in the fourth quarter worth about $440,000. Institutional investors and hedge funds own 60.88% of the company’s stock.

Insider Transactions at Jefferies Financial Group

In other news, President Brian P. Friedman sold 55,000 shares of Jefferies Financial Group stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $46.30, for a total value of $2,546,500.00. Following the transaction, the president now directly owns 2,591,350 shares in the company, valued at $119,979,505. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, President Brian P. Friedman sold 55,000 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $46.30, for a total transaction of $2,546,500.00. Following the transaction, the president now directly owns 2,591,350 shares in the company, valued at $119,979,505. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard B. Handler sold 1,500,000 shares of the business’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $43.50, for a total value of $65,250,000.00. Following the transaction, the chief executive officer now owns 15,314,150 shares in the company, valued at $666,165,525. The disclosure for this sale can be found here. 20.40% of the stock is currently owned by corporate insiders.

Jefferies Financial Group Trading Down 0.8 %

Jefferies Financial Group stock opened at $46.13 on Tuesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.91 and a current ratio of 0.91. The business’s 50-day simple moving average is $44.67 and its 200-day simple moving average is $41.65. The firm has a market capitalization of $9.78 billion, a PE ratio of 37.81 and a beta of 1.33. Jefferies Financial Group Inc. has a 52 week low of $30.54 and a 52 week high of $47.87.

Jefferies Financial Group (NYSE:JEFGet Free Report) last posted its quarterly earnings data on Wednesday, March 27th. The financial services provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.52 billion. Jefferies Financial Group had a return on equity of 4.41% and a net margin of 5.90%. The firm’s revenue for the quarter was up 35.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 earnings per share. Equities research analysts forecast that Jefferies Financial Group Inc. will post 3.4 earnings per share for the current year.

Jefferies Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 20th were paid a $0.30 dividend. The ex-dividend date was Friday, May 17th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.60%. Jefferies Financial Group’s payout ratio is presently 98.36%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on JEF shares. StockNews.com raised Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report on Friday, May 17th. Oppenheimer boosted their price target on Jefferies Financial Group from $54.00 to $56.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Jefferies Financial Group presently has an average rating of “Buy” and a consensus target price of $44.00.

Check Out Our Latest Stock Report on JEF

Jefferies Financial Group Company Profile

(Free Report)

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.

Read More

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

Receive News & Ratings for Jefferies Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jefferies Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.