Jefferies Financial Group Inc. (NYSE:JEF) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its stake in shares of Jefferies Financial Group Inc. (NYSE:JEF - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,151,171 shares of the financial services provider's stock after selling 19,406 shares during the period. Charles Schwab Investment Management Inc. owned 0.56% of Jefferies Financial Group worth $90,252,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of JEF. Hemington Wealth Management increased its holdings in shares of Jefferies Financial Group by 71.8% during the 4th quarter. Hemington Wealth Management now owns 335 shares of the financial services provider's stock worth $26,000 after buying an additional 140 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in Jefferies Financial Group in the fourth quarter valued at $27,000. Stephens Consulting LLC acquired a new position in shares of Jefferies Financial Group in the 4th quarter valued at $29,000. Wilmington Savings Fund Society FSB purchased a new stake in Jefferies Financial Group in the 3rd quarter valued at about $32,000. Finally, GAMMA Investing LLC lifted its position in Jefferies Financial Group by 158.3% in the fourth quarter. GAMMA Investing LLC now owns 514 shares of the financial services provider's stock valued at $40,000 after buying an additional 315 shares during the last quarter. 60.88% of the stock is owned by institutional investors and hedge funds.

Jefferies Financial Group Stock Down 4.8 %

Jefferies Financial Group stock traded down $2.71 during mid-day trading on Monday, reaching $53.54. 2,952,494 shares of the company's stock were exchanged, compared to its average volume of 1,391,752. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.57. Jefferies Financial Group Inc. has a twelve month low of $40.72 and a twelve month high of $82.68. The company has a market cap of $11.04 billion, a P/E ratio of 17.97 and a beta of 1.37. The company has a fifty day moving average of $71.96 and a 200-day moving average of $69.61.

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Jefferies Financial Group (NYSE:JEF - Get Free Report) last announced its quarterly earnings data on Wednesday, January 8th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.06). Jefferies Financial Group had a net margin of 10.57% and a return on equity of 7.92%. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the previous year, the business posted $0.30 earnings per share. The firm's revenue was up 63.4% on a year-over-year basis. Sell-side analysts expect that Jefferies Financial Group Inc. will post 4.41 EPS for the current 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 paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.99%. The ex-dividend date was Friday, February 14th. This is a boost from Jefferies Financial Group's previous quarterly dividend of $0.35. Jefferies Financial Group's dividend payout ratio (DPR) is presently 53.69%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on JEF shares. Oppenheimer reduced their price target on shares of Jefferies Financial Group from $82.00 to $81.00 and set an "outperform" rating on the stock in a research note on Friday, January 3rd. Morgan Stanley upgraded Jefferies Financial Group from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $67.00 to $97.00 in a research report on Monday, December 9th. Finally, The Goldman Sachs Group set a $75.00 price objective on Jefferies Financial Group in a report on Wednesday.

Jefferies Financial Group Company 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.