Atomi Financial Group Inc. Boosts Stock Position in Jefferies Financial Group Inc. (NYSE:JEF)

Atomi Financial Group Inc. increased its stake in Jefferies Financial Group Inc. (NYSE:JEF) by 17.9% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,399 shares of the financial services provider’s stock after buying an additional 821 shares during the period. Atomi Financial Group Inc.’s holdings in Jefferies Financial Group were worth $269,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV lifted its position in Jefferies Financial Group by 75.7% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 520 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 224 shares in the last quarter. Versant Capital Management Inc lifted its position in Jefferies Financial Group by 1,993.8% in the 2nd quarter. Versant Capital Management Inc now owns 670 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 638 shares in the last quarter. Altshuler Shaham Ltd bought a new position in Jefferies Financial Group in the 4th quarter valued at approximately $47,000. Headlands Technologies LLC bought a new position in Jefferies Financial Group in the 4th quarter valued at approximately $71,000. Finally, Family Firm Inc. bought a new position in Jefferies Financial Group in the 2nd quarter valued at approximately $81,000. Hedge funds and other institutional investors own 60.88% of the company’s stock.

Jefferies Financial Group Price Performance

Shares of Jefferies Financial Group stock opened at $58.18 on Thursday. Jefferies Financial Group Inc. has a one year low of $31.38 and a one year high of $59.45. The stock’s fifty day moving average is $54.02 and its 200 day moving average is $47.50. The stock has a market cap of $11.96 billion, a P/E ratio of 32.14 and a beta of 1.34. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.91 and a current ratio of 0.91.

Jefferies Financial Group (NYSE:JEF) last announced its earnings results on Wednesday, June 26th. The financial services provider reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01. Jefferies Financial Group had a return on equity of 5.37% and a net margin of 7.82%. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same period last year, the firm earned $0.29 EPS. Jefferies Financial Group’s revenue for the quarter was up 59.6% compared to the same quarter last year. Sell-side analysts anticipate that Jefferies Financial Group Inc. will post 3.16 earnings per share for the current year.

Jefferies Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Monday, August 19th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, August 19th. This is a boost from Jefferies Financial Group’s previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a yield of 2.41%. Jefferies Financial Group’s dividend payout ratio (DPR) is currently 77.35%.

Wall Street Analysts Forecast Growth

JEF has been the topic of several analyst reports. Oppenheimer upped their price objective on Jefferies Financial Group from $56.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, June 14th. Morgan Stanley increased their price target on Jefferies Financial Group from $44.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. Finally, StockNews.com cut Jefferies Financial Group from a “buy” rating to a “hold” rating in a report on Friday, June 21st.

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.