Amundi Sells 639,893 Shares of Jefferies Financial Group Inc. (NYSE:JEF)

Amundi trimmed its position in Jefferies Financial Group Inc. (NYSE:JEF - Free Report) by 99.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,088 shares of the financial services provider's stock after selling 639,893 shares during the quarter. Amundi's holdings in Jefferies Financial Group were worth $166,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Blankinship & Foster LLC purchased a new position in shares of Jefferies Financial Group during the fourth quarter valued at $293,000. Mesirow Financial Investment Management Inc. acquired a new stake in Jefferies Financial Group during the 4th quarter worth about $201,000. Edgestream Partners L.P. grew its stake in Jefferies Financial Group by 65.5% during the 4th quarter. Edgestream Partners L.P. now owns 78,642 shares of the financial services provider's stock valued at $6,166,000 after acquiring an additional 31,119 shares in the last quarter. Lisanti Capital Growth LLC increased its holdings in shares of Jefferies Financial Group by 5.9% in the 4th quarter. Lisanti Capital Growth LLC now owns 29,575 shares of the financial services provider's stock valued at $2,319,000 after purchasing an additional 1,655 shares during the period. Finally, Vestmark Advisory Solutions Inc. purchased a new stake in shares of Jefferies Financial Group in the fourth quarter worth approximately $245,000. 60.88% of the stock is owned by hedge funds and other institutional investors.

Jefferies Financial Group Stock Down 0.7 %

JEF traded down $0.43 during midday trading on Tuesday, hitting $61.74. 1,436,931 shares of the company's stock traded hands, compared to its average volume of 1,423,981. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $12.73 billion, a PE ratio of 20.72 and a beta of 1.37. The stock's fifty day simple moving average is $67.88 and its 200-day simple moving average is $69.54. Jefferies Financial Group Inc. has a one year low of $40.72 and a one year high of $82.68.

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Jefferies Financial Group (NYSE:JEF - Get Free Report) last released its quarterly earnings results on Wednesday, January 8th. The financial services provider reported $0.91 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by ($0.06). The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.83 billion. Jefferies Financial Group had a net margin of 10.57% and a return on equity of 7.92%. The firm's revenue for the quarter was up 63.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 EPS. As a group, equities analysts anticipate that Jefferies Financial Group Inc. will post 4.41 earnings per share for the current fiscal year.

Jefferies Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Friday, February 14th were issued a dividend of $0.40 per share. This is a positive change from Jefferies Financial Group's previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.59%. Jefferies Financial Group's dividend payout ratio is currently 53.69%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on JEF. Oppenheimer downgraded shares of Jefferies Financial Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Morgan Stanley decreased their target price on shares of Jefferies Financial Group from $92.00 to $81.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Finally, The Goldman Sachs Group set a $75.00 price target on shares of Jefferies Financial Group in a research note on Wednesday, March 5th.

Jefferies Financial Group Profile

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.