Jefferies Financial Group Inc. (NYSE:JEF) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its position in Jefferies Financial Group Inc. (NYSE:JEF – Get Rating) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 48,795 shares of the financial services provider’s stock after selling 423 shares during the period. Thrivent Financial for Lutherans’ holdings in Jefferies Financial Group were worth $1,673,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of JEF. BlackRock Inc. lifted its position in shares of Jefferies Financial Group by 1.3% in the first quarter. BlackRock Inc. now owns 18,482,896 shares of the financial services provider’s stock valued at $607,163,000 after acquiring an additional 233,844 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Jefferies Financial Group by 44.6% in the first quarter. First Trust Advisors LP now owns 7,152,883 shares of the financial services provider’s stock valued at $234,972,000 after acquiring an additional 2,207,065 shares in the last quarter. State Street Corp lifted its position in shares of Jefferies Financial Group by 0.9% in the first quarter. State Street Corp now owns 5,753,327 shares of the financial services provider’s stock valued at $188,997,000 after acquiring an additional 52,336 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Jefferies Financial Group by 1.2% in the third quarter. Dimensional Fund Advisors LP now owns 4,191,649 shares of the financial services provider’s stock worth $123,652,000 after buying an additional 50,914 shares in the last quarter. Finally, LSV Asset Management lifted its stake in shares of Jefferies Financial Group by 0.3% in the third quarter. LSV Asset Management now owns 3,887,210 shares of the financial services provider’s stock worth $114,673,000 after buying an additional 9,900 shares in the last quarter. 66.04% of the stock is currently owned by hedge funds and other institutional investors.

Jefferies Financial Group Price Performance

Shares of JEF stock opened at $30.39 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.07 and a quick ratio of 1.07. The firm’s 50-day moving average is $30.79 and its two-hundred day moving average is $34.94. Jefferies Financial Group Inc. has a 12 month low of $25.88 and a 12 month high of $40.80. The company has a market capitalization of $7.09 billion, a PE ratio of 12.99 and a beta of 1.38.

Jefferies Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 26th. Shareholders of record on Monday, May 15th will be given a $0.30 dividend. The ex-dividend date is Friday, May 12th. This represents a $1.20 dividend on an annualized basis and a yield of 3.95%. Jefferies Financial Group’s dividend payout ratio is currently 51.28%.

Analyst Ratings Changes

Several research firms have recently weighed in on JEF. Oppenheimer decreased their price target on shares of Jefferies Financial Group from $42.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, April 6th. StockNews.com initiated coverage on Jefferies Financial Group in a research report on Thursday. They set a “hold” rating on the stock. Finally, Morgan Stanley downgraded Jefferies Financial Group from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $28.00 to $27.00 in a research report on Wednesday, April 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Jefferies Financial Group currently has an average rating of “Hold” and a consensus price target of $36.00.

Jefferies Financial Group Profile

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Jefferies Financial Group, Inc is a holding company, which engages in the provision of financial services. It operates through Investment Banking and Capital Markets, and Asset Management. The Investment Banking and Capital Markets segment provides investment banking, capital markets, and other related services.