Bayforest Capital Ltd Has $33,000 Stake in Jefferies Financial Group Inc. $JEF

Bayforest Capital Ltd reduced its stake in Jefferies Financial Group Inc. (NYSE:JEF) by 95.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 508 shares of the financial services provider’s stock after selling 9,564 shares during the period. Bayforest Capital Ltd’s holdings in Jefferies Financial Group were worth $33,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Jefferies Financial Group during the second quarter worth about $107,356,000. Eminence Capital LP acquired a new stake in shares of Jefferies Financial Group during the 2nd quarter worth approximately $79,958,000. Federated Hermes Inc. increased its stake in Jefferies Financial Group by 6,056.0% in the second quarter. Federated Hermes Inc. now owns 949,070 shares of the financial services provider’s stock valued at $51,905,000 after acquiring an additional 933,653 shares during the last quarter. Fisher Asset Management LLC increased its stake in Jefferies Financial Group by 45.2% in the second quarter. Fisher Asset Management LLC now owns 2,082,840 shares of the financial services provider’s stock valued at $113,911,000 after acquiring an additional 648,762 shares during the last quarter. Finally, Holocene Advisors LP acquired a new position in Jefferies Financial Group during the second quarter valued at approximately $32,395,000. Institutional investors own 60.88% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on JEF shares. Zacks Research lowered Jefferies Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. Wall Street Zen raised Jefferies Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, September 20th. Capital One Financial set a $55.00 price objective on shares of Jefferies Financial Group in a research report on Friday, October 17th. Morgan Stanley set a $78.00 target price on Jefferies Financial Group and gave the company an “overweight” rating in a research report on Monday, December 8th. Finally, Telsey Advisory Group set a $74.00 price objective on Jefferies Financial Group in a report on Tuesday, September 30th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $72.71.

Jefferies Financial Group Price Performance

Shares of NYSE JEF opened at $64.21 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.76. The stock has a fifty day simple moving average of $59.89 and a two-hundred day simple moving average of $59.47. Jefferies Financial Group Inc. has a 1-year low of $39.28 and a 1-year high of $78.21. The firm has a market cap of $13.24 billion, a price-to-earnings ratio of 22.69 and a beta of 1.51.

Jefferies Financial Group (NYSE:JEF) last announced its quarterly earnings results on Wednesday, January 7th. The financial services provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.13. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Jefferies Financial Group had a return on equity of 7.31% and a net margin of 6.56%.The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 earnings per share. Analysts anticipate that Jefferies Financial Group Inc. will post 4.41 earnings per share for the current year.

Jefferies Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.5%. Jefferies Financial Group’s dividend payout ratio is presently 56.54%.

About Jefferies Financial Group

Jefferies Financial Group Inc is a diversified financial services company that provides a range of investment banking, capital markets and asset management services to corporations, governments and institutional investors worldwide. Through its core platform, Jefferies offers advisory services for mergers and acquisitions, debt and equity underwriting, restructuring and recapitalization. The firm also operates a global sales and trading business covering equities, fixed income and foreign exchange products, complemented by equity research and macroeconomic analysis.

In addition to its capital markets franchise, Jefferies maintains a growing asset management division that delivers customized investment solutions across public and private markets.