Pictet Asset Management SA Sells 1,539 Shares of Jefferies Financial Group Inc. (NYSE:JEF)

Pictet Asset Management SA lowered its stake in shares of Jefferies Financial Group Inc. (NYSE:JEFGet Rating) by 10.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,714 shares of the financial services provider’s stock after selling 1,539 shares during the quarter. Pictet Asset Management SA’s holdings in Jefferies Financial Group were worth $351,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Jefferies Financial Group by 201.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,328,739 shares of the financial services provider’s stock valued at $109,350,000 after purchasing an additional 2,223,630 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Jefferies Financial Group by 44.6% in the 1st quarter. First Trust Advisors LP now owns 7,152,883 shares of the financial services provider’s stock valued at $234,972,000 after purchasing an additional 2,207,065 shares during the last quarter. Donald Smith & CO. Inc. boosted its stake in shares of Jefferies Financial Group by 17.9% in the 1st quarter. Donald Smith & CO. Inc. now owns 3,309,897 shares of the financial services provider’s stock valued at $108,730,000 after purchasing an additional 502,508 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Jefferies Financial Group by 187.0% in the 1st quarter. Renaissance Technologies LLC now owns 657,289 shares of the financial services provider’s stock valued at $21,592,000 after purchasing an additional 428,300 shares during the last quarter. Finally, Moerus Capital Management LLC boosted its stake in shares of Jefferies Financial Group by 49.1% in the 1st quarter. Moerus Capital Management LLC now owns 880,471 shares of the financial services provider’s stock valued at $28,923,000 after purchasing an additional 289,986 shares during the last quarter. Institutional investors own 67.62% of the company’s stock.

Jefferies Financial Group Stock Up 0.1 %

Jefferies Financial Group stock opened at $37.67 on Thursday. The company’s 50 day simple moving average is $33.28 and its 200 day simple moving average is $31.78. Jefferies Financial Group Inc. has a fifty-two week low of $25.88 and a fifty-two week high of $41.49. The firm has a market capitalization of $8.62 billion, a price-to-earnings ratio of 10.29 and a beta of 1.38. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.11 and a quick ratio of 2.11.

Jefferies Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 29th. Investors of record on Monday, November 14th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Thursday, November 10th. Jefferies Financial Group’s payout ratio is 32.79%.

Analysts Set New Price Targets

JEF has been the topic of several recent research reports. Oppenheimer reduced their target price on shares of Jefferies Financial Group to $46.00 in a research note on Wednesday, October 5th. The Goldman Sachs Group raised their target price on shares of Jefferies Financial Group from $33.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Keefe, Bruyette & Woods raised shares of Jefferies Financial Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $30.00 to $38.00 in a research note on Monday, September 5th. Finally, StockNews.com initiated coverage on shares of Jefferies Financial Group in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.25.

Insiders Place Their Bets

In other Jefferies Financial Group news, President Brian P. Friedman sold 500,000 shares of the firm’s stock in a transaction that occurred on Monday, October 24th. The shares were sold at an average price of $32.85, for a total transaction of $16,425,000.00. Following the sale, the president now directly owns 6,722,213 shares in the company, valued at approximately $220,824,697.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 17.90% 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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Institutional Ownership by Quarter for Jefferies Financial Group (NYSE:JEF)

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