Vanguard Personalized Indexing Management LLC boosted its stake in Jefferies Financial Group Inc. (NYSE:JEF – Free Report) by 5.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 25,446 shares of the financial services provider’s stock after acquiring an additional 1,322 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Jefferies Financial Group were worth $932,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Belpointe Asset Management LLC increased its stake in Jefferies Financial Group by 56.7% during the first quarter. Belpointe Asset Management LLC now owns 1,147 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 415 shares during the period. Washington Trust Advisors Inc. purchased a new stake in Jefferies Financial Group during the third quarter worth about $45,000. Ronald Blue Trust Inc. increased its stake in Jefferies Financial Group by 175.7% during the third quarter. Ronald Blue Trust Inc. now owns 1,362 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 868 shares during the period. Itau Unibanco Holding S.A. purchased a new stake in Jefferies Financial Group during the second quarter worth about $53,000. Finally, Acadian Asset Management LLC purchased a new stake in Jefferies Financial Group during the second quarter worth about $63,000. 70.80% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of Jefferies Financial Group from a “hold” rating to a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $39.67.
Jefferies Financial Group Stock Performance
Shares of Jefferies Financial Group stock opened at $41.39 on Tuesday. Jefferies Financial Group Inc. has a one year low of $28.34 and a one year high of $41.96. The company has a market cap of $8.77 billion, a PE ratio of 37.63 and a beta of 1.37. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.95 and a current ratio of 0.95. The business has a 50-day simple moving average of $39.59 and a 200-day simple moving average of $36.69.
Jefferies Financial Group (NYSE:JEF – Get Free Report) last announced its quarterly earnings data on Monday, January 8th. The financial services provider reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. Jefferies Financial Group had a return on equity of 3.67% and a net margin of 5.88%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. On average, equities research analysts forecast that Jefferies Financial Group Inc. will post 3.54 EPS for the current fiscal year.
Jefferies Financial Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Friday, February 16th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Thursday, February 15th. Jefferies Financial Group’s dividend payout ratio is presently 109.09%.
About Jefferies Financial Group
Jefferies Financial Group Inc operates as an investment banking and capital markets firm in the Americas, Europe, the Middle East, and the Asia-Pacific. The company operates in two segments, Investment Banking and Capital Markets, and Asset Management. It provides investment banking, advisory services with respect to mergers or acquisitions, debt financing, restructurings or recapitalizations, and private capital advisory transactions; underwriting and placement services related to corporate debt, municipal bonds, mortgage-backed and asset-backed securities, equity and equity-linked securities, and loan syndication services; and corporate lending services.
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