State of Alaska Department of Revenue Has $1.02 Million Holdings in Jefferies Financial Group Inc. (NYSE:JEF)

State of Alaska Department of Revenue boosted its position in shares of Jefferies Financial Group Inc. (NYSE:JEF) by 3.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,079 shares of the financial services provider’s stock after buying an additional 570 shares during the period. State of Alaska Department of Revenue’s holdings in Jefferies Financial Group were worth $1,022,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Principal Securities Inc. boosted its stake in Jefferies Financial Group by 161.4% in the fourth 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 in the last quarter. Private Trust Co. NA lifted its holdings in shares of Jefferies Financial Group by 346.6% in the fourth quarter. Private Trust Co. NA now owns 652 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 506 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Jefferies Financial Group by 758.1% in the 4th quarter. IFP Advisors Inc now owns 738 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 652 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Jefferies Financial Group by 45.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 907 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 284 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Jefferies Financial Group by 123.9% during the 1st quarter. GAMMA Investing LLC now owns 1,151 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 637 shares during 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 $56.19 on Friday. The company has a market capitalization of $11.59 billion, a price-to-earnings ratio of 21.21 and a beta of 1.45. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.68. Jefferies Financial Group Inc. has a twelve month low of $39.28 and a twelve month high of $82.68. The stock has a fifty day simple moving average of $50.29 and a 200 day simple moving average of $60.89.

Jefferies Financial Group (NYSE:JEF) last released its earnings results on Wednesday, June 25th. The financial services provider reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.04). The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. Jefferies Financial Group had a net margin of 7.70% and a return on equity of 6.62%. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.64 EPS. Sell-side analysts expect that Jefferies Financial Group Inc. will post 4.41 EPS for the current year.

Jefferies Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.85%. The ex-dividend date is Monday, August 18th. Jefferies Financial Group’s dividend payout ratio (DPR) is presently 55.36%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wall Street Zen downgraded shares of Jefferies Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, May 13th. Morgan Stanley cut their price objective on Jefferies Financial Group from $55.00 to $54.00 and set an “equal weight” rating on the stock in a report on Thursday. The Goldman Sachs Group boosted their price objective on Jefferies Financial Group from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, May 15th. Finally, Oppenheimer cut Jefferies Financial Group from an “outperform” rating to a “market perform” rating in a 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 issued a buy rating to the stock. According to MarketBeat, Jefferies Financial Group currently has an average rating of “Hold” and a consensus price target of $66.00.

About Jefferies Financial Group

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.