Commonwealth Equity Services LLC Trims Stock Holdings in Jefferies Financial Group Inc. (NYSE:JEF)

Commonwealth Equity Services LLC trimmed its holdings in Jefferies Financial Group Inc. (NYSE:JEF – Get Rating) by 8.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,219 shares of the financial services provider’s stock after selling 2,635 shares during the period. Commonwealth Equity Services LLC’s holdings in Jefferies Financial Group were worth $1,035,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Kingsview Wealth Management LLC grew its position in shares of Jefferies Financial Group by 12.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 89,479 shares of the financial services provider’s stock valued at $2,640,000 after purchasing an additional 9,650 shares in the last quarter. Point72 Hong Kong Ltd grew its position in shares of Jefferies Financial Group by 135.4% during the 3rd quarter. Point72 Hong Kong Ltd now owns 12,885 shares of the financial services provider’s stock valued at $380,000 after purchasing an additional 7,412 shares in the last quarter. PGGM Investments purchased a new position in shares of Jefferies Financial Group during the 3rd quarter valued at $1,456,000. Moody Aldrich Partners LLC purchased a new position in shares of Jefferies Financial Group during the 4th quarter valued at $985,000. Finally, First Heartland Consultants Inc. purchased a new position in shares of Jefferies Financial Group during the 4th quarter valued at $210,000. 66.04% of the stock is currently owned by hedge funds and other institutional investors.

Jefferies Financial Group Stock Performance

NYSE JEF opened at $30.39 on Monday. The company has a 50-day simple moving average of $30.79 and a two-hundred day simple moving average of $34.94. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.04. Jefferies Financial Group Inc. has a 12-month low of $25.88 and a 12-month high of $40.80. The firm has a market cap of $7.09 billion, a price-to-earnings ratio of 12.99 and a beta of 1.38.

Jefferies Financial Group Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on JEF. StockNews.com began coverage on shares of Jefferies Financial Group in a research report on Thursday. They set a “hold” rating for the company. Oppenheimer cut their target price on shares of Jefferies Financial Group from $42.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, April 6th. Finally, Morgan Stanley lowered shares of Jefferies Financial Group from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $28.00 to $27.00 in a research report on Wednesday, April 12th. One 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 stock. Based on data from MarketBeat, Jefferies Financial Group has an average rating of “Hold” and an average target price of $36.00.

Jefferies Financial Group Company 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.