Jefferies Financial Group Inc. (NYSE:JEF) Stock Holdings Decreased by Farther Finance Advisors LLC

Farther Finance Advisors LLC lowered its stake in Jefferies Financial Group Inc. (NYSE:JEF) by 9.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 9,594 shares of the financial services provider’s stock after selling 1,051 shares during the period. Farther Finance Advisors LLC’s holdings in Jefferies Financial Group were worth $514,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of JEF. V Square Quantitative Management LLC bought a new stake in shares of Jefferies Financial Group in the 4th quarter worth about $27,000. Principal Securities Inc. grew its position in shares of Jefferies Financial Group by 161.4% during the 4th quarter. Principal Securities Inc. now owns 575 shares of the financial services provider’s stock valued at $45,000 after buying an additional 355 shares during the last quarter. Private Trust Co. NA grew its position in shares of Jefferies Financial Group by 346.6% during the 4th quarter. Private Trust Co. NA now owns 652 shares of the financial services provider’s stock valued at $51,000 after buying an additional 506 shares during the last quarter. IFP Advisors Inc grew its position in shares of Jefferies Financial Group by 758.1% during the 4th quarter. IFP Advisors Inc now owns 738 shares of the financial services provider’s stock valued at $58,000 after buying an additional 652 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of Jefferies Financial Group by 45.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 907 shares of the financial services provider’s stock valued at $72,000 after buying an additional 284 shares during the last quarter. Institutional investors own 60.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on JEF shares. Morgan Stanley downgraded shares of Jefferies Financial Group from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $75.00 to $41.00 in a research report on Monday, April 7th. Wall Street Zen downgraded shares of Jefferies Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, May 13th. The Goldman Sachs Group boosted their price objective on shares of Jefferies Financial Group from $55.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, May 15th. Finally, Oppenheimer downgraded shares of Jefferies Financial Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Jefferies Financial Group presently has a consensus rating of “Hold” and a consensus price target of $62.75.

Jefferies Financial Group Price Performance

NYSE JEF opened at $52.21 on Monday. Jefferies Financial Group Inc. has a 52 week low of $39.28 and a 52 week high of $82.68. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.57. The stock has a market cap of $10.77 billion, a price-to-earnings ratio of 17.52 and a beta of 1.45. The company has a 50-day moving average price of $48.42 and a two-hundred day moving average price of $62.16.

Jefferies Financial Group (NYSE:JEF) last posted its earnings results on Wednesday, March 26th. The financial services provider reported $0.60 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.28). The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.93 billion. Jefferies Financial Group had a return on equity of 7.92% and a net margin of 10.57%. Jefferies Financial Group’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter last year, the company posted $0.87 EPS. Analysts forecast that Jefferies Financial Group Inc. will post 4.41 EPS for the current year.

Jefferies Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Monday, May 19th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend was Monday, May 19th. Jefferies Financial Group’s dividend payout ratio is currently 55.36%.

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.