Edgestream Partners L.P. Sells 31,607 Shares of Jefferies Financial Group Inc. $JEF

Edgestream Partners L.P. cut its position in shares of Jefferies Financial Group Inc. (NYSE:JEF) by 39.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,693 shares of the financial services provider’s stock after selling 31,607 shares during the quarter. Edgestream Partners L.P.’s holdings in Jefferies Financial Group were worth $2,663,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GoodHaven Capital Management LLC grew its holdings in Jefferies Financial Group by 0.5% during the 2nd quarter. GoodHaven Capital Management LLC now owns 442,287 shares of the financial services provider’s stock worth $24,189,000 after acquiring an additional 2,300 shares during the period. Norges Bank bought a new stake in shares of Jefferies Financial Group during the 2nd quarter valued at about $107,356,000. Hsbc Holdings PLC boosted its position in shares of Jefferies Financial Group by 26.3% during the 2nd quarter. Hsbc Holdings PLC now owns 35,729 shares of the financial services provider’s stock valued at $1,964,000 after purchasing an additional 7,441 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Jefferies Financial Group by 3.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,580 shares of the financial services provider’s stock worth $415,000 after purchasing an additional 224 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its holdings in Jefferies Financial Group by 1.2% in the second quarter. State Board of Administration of Florida Retirement System now owns 204,662 shares of the financial services provider’s stock worth $11,193,000 after purchasing an additional 2,330 shares in the last quarter. Institutional investors and hedge funds own 60.88% of the company’s stock.

Jefferies Financial Group Trading Up 0.8%

NYSE:JEF opened at $58.86 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a 50-day moving average of $56.19 and a 200-day moving average of $57.24. The company has a market cap of $12.14 billion, a PE ratio of 20.23 and a beta of 1.52. 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 announced its quarterly earnings results on Monday, September 29th. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.22. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Jefferies Financial Group had a net margin of 7.40% and a return on equity of 7.25%. The firm’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 EPS. As a group, equities research analysts expect that Jefferies Financial Group Inc. will post 4.41 EPS for the current fiscal year.

Jefferies Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 17th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, November 17th. This represents a $1.60 annualized dividend and a yield of 2.7%. Jefferies Financial Group’s dividend payout ratio is 54.98%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Morgan Stanley set a $74.00 price target on Jefferies Financial Group in a report on Wednesday, October 8th. Zacks Research lowered shares of Jefferies Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Monday. Telsey Advisory Group set a $74.00 price target on shares of Jefferies Financial Group in a report on Tuesday, September 30th. Wall Street Zen upgraded shares of Jefferies Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, September 20th. Finally, The Goldman Sachs Group cut their price objective on shares of Jefferies Financial Group from $84.00 to $74.00 and set a “buy” rating on the stock in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $68.83.

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.