Atria Investments Inc Makes New $302,000 Investment in Jefferies Financial Group Inc. $JEF

Atria Investments Inc bought a new stake in shares of Jefferies Financial Group Inc. (NYSE:JEF) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 5,517 shares of the financial services provider’s stock, valued at approximately $302,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hantz Financial Services Inc. increased its position in Jefferies Financial Group by 3,577.8% during the second quarter. Hantz Financial Services Inc. now owns 993 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 966 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of Jefferies Financial Group by 4.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 30,882 shares of the financial services provider’s stock valued at $1,689,000 after purchasing an additional 1,340 shares during the period. Bessemer Group Inc. grew its stake in shares of Jefferies Financial Group by 48.8% during the 2nd quarter. Bessemer Group Inc. now owns 912 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 299 shares during the period. State of New Jersey Common Pension Fund D increased its position in shares of Jefferies Financial Group by 16.1% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 48,227 shares of the financial services provider’s stock valued at $2,638,000 after purchasing an additional 6,700 shares during the last quarter. Finally, Carnegie Investment Counsel lifted its stake in shares of Jefferies Financial Group by 5.4% in the 2nd quarter. Carnegie Investment Counsel now owns 9,970 shares of the financial services provider’s stock worth $545,000 after purchasing an additional 511 shares during the period. 60.88% of the stock is owned by institutional investors.

Jefferies Financial Group Price Performance

NYSE:JEF opened at $59.36 on Thursday. The business’s 50-day simple moving average is $59.61 and its two-hundred day simple moving average is $56.64. Jefferies Financial Group Inc. has a 52 week low of $39.28 and a 52 week high of $82.68. The stock has a market cap of $12.24 billion, a PE ratio of 20.40 and a beta of 1.53. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.76.

Jefferies Financial Group (NYSE:JEF) last released its quarterly earnings data 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. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.75 billion. Jefferies Financial Group had a return on equity of 7.25% and a net margin of 7.40%.The business’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.75 earnings per share. As a group, analysts forecast that Jefferies Financial Group Inc. will post 4.41 EPS for the current fiscal year.

Jefferies Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 17th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Monday, November 17th. Jefferies Financial Group’s dividend payout ratio (DPR) is 54.98%.

Wall Street Analyst Weigh In

JEF has been the subject of several recent research reports. Telsey Advisory Group set a $74.00 target price on shares of Jefferies Financial Group in a research report on Tuesday, September 30th. BMO Capital Markets cut their price objective on shares of Jefferies Financial Group from $69.00 to $55.00 and set a “market perform” rating for the company in a research report on Friday, October 17th. Morgan Stanley set a $74.00 price objective on Jefferies Financial Group in a research note on Wednesday, October 8th. Capital One Financial set a $55.00 target price on Jefferies Financial Group in a research report on Friday, October 17th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Jefferies Financial Group in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $68.83.

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.