QRG Capital Management Inc. Sells 20,732 Shares of Jefferies Financial Group Inc. $JEF

QRG Capital Management Inc. lessened its holdings in Jefferies Financial Group Inc. (NYSE:JEFFree Report) by 86.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,247 shares of the financial services provider’s stock after selling 20,732 shares during the quarter. QRG Capital Management Inc.’s holdings in Jefferies Financial Group were worth $212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Voya Investment Management LLC boosted its stake in Jefferies Financial Group by 71.8% in the third quarter. Voya Investment Management LLC now owns 50,453 shares of the financial services provider’s stock valued at $3,301,000 after acquiring an additional 21,085 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Jefferies Financial Group by 9.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,990,180 shares of the financial services provider’s stock worth $388,374,000 after purchasing an additional 578,013 shares during the period. Brian Low Financial Group LLC purchased a new position in Jefferies Financial Group in the third quarter valued at approximately $1,358,000. Covea Finance bought a new position in Jefferies Financial Group during the third quarter valued at $11,488,000. Finally, Franklin Resources Inc. increased its position in Jefferies Financial Group by 151.5% in the second quarter. Franklin Resources Inc. now owns 259,531 shares of the financial services provider’s stock worth $14,194,000 after buying an additional 156,346 shares during the last quarter. 60.88% of the stock is owned by hedge funds and other institutional investors.

Jefferies Financial Group News Summary

Here are the key news stories impacting Jefferies Financial Group this week:

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on JEF shares. UBS Group reaffirmed a “buy” rating on shares of Jefferies Financial Group in a research report on Tuesday, December 30th. Oppenheimer upped their price objective on shares of Jefferies Financial Group from $81.00 to $97.00 and gave the company an “outperform” rating in a report on Thursday, December 11th. Zacks Research lowered shares of Jefferies Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. The Goldman Sachs Group lowered their price target 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. Finally, Telsey Advisory Group set a $74.00 price target on shares of Jefferies Financial Group in a research note on Tuesday, September 30th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $72.71.

View Our Latest Research Report on JEF

Jefferies Financial Group Trading Down 1.7%

Shares of JEF opened at $62.25 on Monday. Jefferies Financial Group Inc. has a twelve month low of $39.28 and a twelve month high of $77.83. The stock has a market cap of $12.84 billion, a PE ratio of 22.00 and a beta of 1.51. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.76. The business’s 50-day moving average price is $60.66 and its 200-day moving average price is $59.82.

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

Jefferies Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders 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 annualized dividend and a dividend yield of 2.6%. Jefferies Financial Group’s dividend payout ratio (DPR) is presently 56.54%.

About Jefferies Financial Group

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Jefferies Financial Group (NYSE:JEF)

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