Jefferies Financial Group Inc. (NYSE:JEF) VP Rocco J. Nittoli Sells 7,000 Shares

Jefferies Financial Group Inc. (NYSE:JEFGet Rating) VP Rocco J. Nittoli sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $32.41, for a total transaction of $226,870.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Jefferies Financial Group Stock Performance

NYSE:JEF opened at $32.64 on Tuesday. Jefferies Financial Group Inc. has a twelve month low of $25.88 and a twelve month high of $44.47. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 1.04. The company has a 50-day moving average of $29.49 and a 200-day moving average of $32.23. The firm has a market cap of $7.59 billion, a price-to-earnings ratio of 7.45 and a beta of 1.41.

Jefferies Financial Group (NYSE:JEFGet Rating) last announced its earnings results on Monday, June 27th. The financial services provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.19). The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.26 billion. Jefferies Financial Group had a return on equity of 11.76% and a net margin of 17.23%. The business’s quarterly revenue was down 29.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.31 earnings per share. Analysts forecast that Jefferies Financial Group Inc. will post 2.93 earnings per share for the current fiscal year.

Jefferies Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Monday, August 15th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date is Friday, August 12th. Jefferies Financial Group’s dividend payout ratio is 27.40%.

Analyst Upgrades and Downgrades

JEF has been the subject of several recent research reports. Oppenheimer dropped their price objective on shares of Jefferies Financial Group from $50.00 to $47.00 and set an “outperform” rating for the company in a research report on Tuesday, June 7th. Morgan Stanley decreased their target price on shares of Jefferies Financial Group from $32.00 to $28.00 and set an “equal weight” rating for the company in a research note on Monday, July 18th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Jefferies Financial Group from $33.00 to $30.00 in a research note on Tuesday, June 28th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Jefferies Financial Group currently has an average rating of “Hold” and a consensus target price of $37.50.

Hedge Funds Weigh In On Jefferies Financial Group

A number of institutional investors have recently modified their holdings of JEF. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Jefferies Financial Group by 5.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,567 shares of the financial services provider’s stock worth $906,000 after buying an additional 1,446 shares in the last quarter. Allworth Financial LP bought a new stake in Jefferies Financial Group during the 1st quarter worth about $26,000. Janney Montgomery Scott LLC raised its holdings in Jefferies Financial Group by 160.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 35,005 shares of the financial services provider’s stock worth $1,358,000 after purchasing an additional 21,561 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in Jefferies Financial Group during the 4th quarter worth about $2,364,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Jefferies Financial Group by 7.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 100,144 shares of the financial services provider’s stock valued at $3,349,000 after acquiring an additional 6,676 shares during the last quarter. Institutional investors own 69.79% of the company’s stock.

Jefferies Financial Group Company Profile

(Get Rating)

Jefferies Financial Group Inc engages in the investment banking and capital markets, and asset management businesses in the Americas, Europe, the Middle East, Africa, and Asia. The company operates in Investment Banking and Capital Markets, Asset Management, Merchant Banking, and Corporate segments. It provides investment banking, advisory services with respect to mergers or acquisitions, restructurings or recapitalizations and private capital advisory transactions; equity and debt underwriting; and corporate lending.

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Insider Buying and Selling by Quarter for Jefferies Financial Group (NYSE:JEF)

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