GAMMA Investing LLC Raises Stock Position in Jefferies Financial Group Inc. $JEF

GAMMA Investing LLC lifted its position in shares of Jefferies Financial Group Inc. (NYSE:JEF) by 62.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,875 shares of the financial services provider’s stock after buying an additional 724 shares during the quarter. GAMMA Investing LLC’s holdings in Jefferies Financial Group were worth $103,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bison Wealth LLC purchased a new stake in Jefferies Financial Group during the 4th quarter worth about $224,000. Parallel Advisors LLC raised its stake in shares of Jefferies Financial Group by 285.8% in the 1st quarter. Parallel Advisors LLC now owns 6,851 shares of the financial services provider’s stock valued at $367,000 after acquiring an additional 5,075 shares during the period. NBC Securities Inc. raised its stake in shares of Jefferies Financial Group by 114,500.0% in the 1st quarter. NBC Securities Inc. now owns 3,438 shares of the financial services provider’s stock valued at $184,000 after acquiring an additional 3,435 shares during the period. Fulton Bank N.A. increased its holdings in Jefferies Financial Group by 4.1% in the 1st quarter. Fulton Bank N.A. now owns 15,414 shares of the financial services provider’s stock valued at $826,000 after purchasing an additional 602 shares in the last quarter. Finally, Secure Asset Management LLC acquired a new stake in Jefferies Financial Group in the 1st quarter valued at $696,000. Hedge funds and other institutional investors own 60.88% of the company’s stock.

Jefferies Financial Group Price Performance

Shares of NYSE:JEF opened at $63.42 on Thursday. The stock has a fifty day moving average of $62.81 and a 200-day moving average of $55.37. The company has a market capitalization of $13.08 billion, a PE ratio of 21.79 and a beta of 1.51. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.05 and a current ratio of 1.05. Jefferies Financial Group Inc. has a one year low of $39.28 and a one year high of $82.68.

Jefferies Financial Group (NYSE:JEF) last issued its quarterly earnings results on Monday, September 29th. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.22. Jefferies Financial Group had a return on equity of 7.29% and a net margin of 7.40%.The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter last year, the business posted $0.75 EPS. Jefferies Financial Group’s revenue was up 21.6% on a year-over-year basis. As a group, equities analysts anticipate that Jefferies Financial Group Inc. will post 4.41 EPS for the current fiscal year.

Jefferies Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 17th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, November 17th. Jefferies Financial Group’s payout ratio is 54.98%.

Analysts Set New Price Targets

JEF has been the topic of several recent research reports. Wall Street Zen raised Jefferies Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 20th. Telsey Advisory Group set a $74.00 price objective on shares of Jefferies Financial Group in a research report on Tuesday. Morgan Stanley upped their target price on shares of Jefferies Financial Group from $72.00 to $74.00 and gave the company an “equal weight” rating in a research note on Tuesday. Finally, Zacks Research raised Jefferies Financial Group from a “strong sell” rating to a “hold” rating in a report on Thursday, September 4th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $72.75.

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.