Mutual of America Capital Management LLC Has $4.46 Million Stock Position in Jefferies Financial Group Inc. (NYSE:JEF)

Mutual of America Capital Management LLC lessened its holdings in shares of Jefferies Financial Group Inc. (NYSE:JEFFree Report) by 3.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 101,023 shares of the financial services provider’s stock after selling 3,290 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Jefferies Financial Group were worth $4,455,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JEF. Dimensional Fund Advisors LP increased its position in shares of Jefferies Financial Group by 1.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,405,866 shares of the financial services provider’s stock worth $178,046,000 after acquiring an additional 51,633 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Jefferies Financial Group by 76.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,236,862 shares of the financial services provider’s stock valued at $130,802,000 after purchasing an additional 1,406,920 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of Jefferies Financial Group in the fourth quarter valued at about $2,435,000. Azora Capital LP acquired a new position in shares of Jefferies Financial Group during the fourth quarter worth about $5,419,000. Finally, Jump Financial LLC acquired a new stake in Jefferies Financial Group in the 4th quarter valued at approximately $1,638,000. 60.88% of the stock is currently owned by institutional investors.

Insider Transactions at Jefferies Financial Group

In other Jefferies Financial Group news, CEO Richard B. Handler sold 1,500,000 shares of the stock in a transaction on Wednesday, April 24th. The stock was 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 owns 15,314,150 shares in the company, valued at approximately $666,165,525. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Jefferies Financial Group news, CEO Richard B. Handler sold 1,500,000 shares of the stock in a transaction that occurred 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 owns 15,314,150 shares in the company, valued at approximately $666,165,525. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Brian P. Friedman sold 55,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were 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 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 owned by corporate insiders.

Jefferies Financial Group Trading Up 2.0 %

Jefferies Financial Group stock opened at $52.55 on Thursday. 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 stock has a 50-day simple moving average of $46.74 and a 200 day simple moving average of $43.62. The stock has a market capitalization of $11.14 billion, a P/E ratio of 29.03 and a beta of 1.34. Jefferies Financial Group Inc. has a 52 week low of $31.38 and a 52 week high of $52.62.

Jefferies Financial Group (NYSE:JEFGet Free Report) last released its quarterly earnings data on Wednesday, June 26th. The financial services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.63 by $0.01. Jefferies Financial Group had a net margin of 7.82% and a return on equity of 5.37%. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the previous year, the company earned $0.29 earnings per share. The company’s quarterly revenue was up 59.6% on a year-over-year basis. Analysts expect that Jefferies Financial Group Inc. will post 3.16 earnings per share for the current year.

Jefferies Financial Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Monday, August 19th will be given a $0.35 dividend. This is an increase from Jefferies Financial Group’s previous quarterly dividend of $0.30. The ex-dividend date is Monday, August 19th. This represents a $1.40 annualized dividend and a dividend yield of 2.66%. Jefferies Financial Group’s dividend payout ratio is presently 66.30%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. StockNews.com downgraded shares of Jefferies Financial Group from a “buy” rating to a “hold” rating in a report on Friday, June 21st. Oppenheimer raised their price target on Jefferies Financial Group from $56.00 to $57.00 and gave the company an “outperform” rating in a research note on Friday, June 14th. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Jefferies Financial Group currently has an average rating of “Moderate Buy” and a consensus price target of $44.33.

Check Out Our Latest Research Report on Jefferies Financial Group

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.

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

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