Jefferies Financial Group Inc. (NYSE:JEF) Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH lowered its holdings in Jefferies Financial Group Inc. (NYSE:JEFFree Report) by 56.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 33,876 shares of the financial services provider’s stock after selling 44,433 shares during the quarter. Allianz Asset Management GmbH’s holdings in Jefferies Financial Group were worth $1,369,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Jefferies Financial Group during the fourth quarter worth approximately $88,852,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Jefferies Financial Group by 76.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,236,862 shares of the financial services provider’s stock worth $130,802,000 after acquiring an additional 1,406,920 shares in the last quarter. Invesco Ltd. grew its holdings in Jefferies Financial Group by 100.4% in the third quarter. Invesco Ltd. now owns 1,290,810 shares of the financial services provider’s stock valued at $47,282,000 after purchasing an additional 646,666 shares during the last quarter. Strs Ohio increased its holdings in Jefferies Financial Group by 1,126.9% during the 4th quarter. Strs Ohio now owns 587,412 shares of the financial services provider’s stock valued at $23,737,000 after acquiring an additional 539,534 shares in the last quarter. Finally, Donald Smith & CO. Inc. increased its stake in shares of Jefferies Financial Group by 18.5% during the 4th quarter. Donald Smith & CO. Inc. now owns 3,272,244 shares of the financial services provider’s stock worth $132,231,000 after purchasing an additional 510,125 shares in the last quarter. 60.88% of the stock is currently owned by institutional investors and hedge funds.

Jefferies Financial Group Stock Performance

NYSE JEF opened at $44.53 on Monday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.91. Jefferies Financial Group Inc. has a 1-year low of $31.12 and a 1-year high of $47.87. The firm has a market capitalization of $9.44 billion, a P/E ratio of 36.50 and a beta of 1.33. The business’s 50-day simple moving average is $44.69 and its 200-day simple moving average is $41.94.

Jefferies Financial Group (NYSE:JEFGet Free Report) last announced its quarterly earnings results on Wednesday, March 27th. The financial services provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the previous year, the company posted $0.55 earnings per share. Jefferies Financial Group’s revenue was up 35.4% compared to the same quarter last year. Equities analysts predict that Jefferies Financial Group Inc. will post 3.4 EPS for the current year.

Jefferies Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Monday, May 20th were issued a $0.30 dividend. The ex-dividend date was Friday, May 17th. This represents a $1.20 annualized dividend and a yield of 2.69%. Jefferies Financial Group’s dividend payout ratio is currently 98.36%.

Analyst Upgrades and Downgrades

JEF has been the subject of a number of analyst reports. Oppenheimer boosted their price objective on shares of Jefferies Financial Group from $54.00 to $56.00 and gave the company an “outperform” rating in a research report on Tuesday, April 30th. StockNews.com upgraded shares of Jefferies Financial Group from a “hold” rating to a “buy” rating in a report on Friday, May 17th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $44.00.

Check Out Our Latest Research Report on JEF

Insider Buying and Selling at Jefferies Financial Group

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

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.

See Also

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

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