Wealth Enhancement Advisory Services LLC Has $8.17 Million Holdings in Jefferies Financial Group Inc. $JEF

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Jefferies Financial Group Inc. (NYSE:JEF) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 143,469 shares of the financial services provider’s stock after acquiring an additional 1,940 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.07% of Jefferies Financial Group worth $8,169,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Elequin Capital LP grew its holdings in Jefferies Financial Group by 117.9% in the 1st quarter. Elequin Capital LP now owns 549 shares of the financial services provider’s stock valued at $29,000 after buying an additional 297 shares during the last quarter. JCIC Asset Management Inc. increased its position in Jefferies Financial Group by 193.8% during the first quarter. JCIC Asset Management Inc. now owns 705 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 465 shares during the period. GAMMA Investing LLC raised its stake in 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. IFP Advisors Inc boosted its holdings in Jefferies Financial Group by 87.9% in the 1st quarter. IFP Advisors Inc now owns 1,387 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 649 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in Jefferies Financial Group in the 1st quarter valued at $78,000. 60.88% of the stock is owned by institutional investors.

Jefferies Financial Group Trading Down 2.2%

NYSE JEF opened at $68.16 on Wednesday. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.05 and a quick ratio of 1.05. The stock’s 50-day moving average is $61.64 and its 200-day moving average is $54.91. Jefferies Financial Group Inc. has a one year low of $39.28 and a one year high of $82.68. The firm has a market cap of $14.06 billion, a P/E ratio of 25.72 and a beta of 1.49.

Jefferies Financial Group (NYSE:JEF) last posted its earnings results on Wednesday, June 25th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.04). Jefferies Financial Group had a return on equity of 6.59% and a net margin of 7.70%.The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the company posted $0.64 earnings per share. Jefferies Financial Group’s revenue for the quarter was down 1.3% compared to the same quarter last year. Sell-side analysts anticipate that Jefferies Financial Group Inc. will post 4.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on JEF. Morgan Stanley lifted their price target on shares of Jefferies Financial Group from $54.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Monday, September 8th. Zacks Research upgraded Jefferies Financial Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 4th. Finally, Wall Street Zen upgraded Jefferies Financial Group from a “sell” rating to a “hold” rating in a report on Saturday. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $71.67.

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.