Edgestream Partners L.P. Grows Stock Position in Jefferies Financial Group Inc. (NYSE:JEF)

Edgestream Partners L.P. increased its holdings in shares of Jefferies Financial Group Inc. (NYSE:JEF - Free Report) by 65.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 78,642 shares of the financial services provider's stock after buying an additional 31,119 shares during the quarter. Edgestream Partners L.P.'s holdings in Jefferies Financial Group were worth $6,166,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Hemington Wealth Management raised its position in Jefferies Financial Group by 71.8% in the fourth quarter. Hemington Wealth Management now owns 335 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 140 shares during the last quarter. Caprock Group LLC raised its position in Jefferies Financial Group by 4.5% in the fourth quarter. Caprock Group LLC now owns 3,844 shares of the financial services provider's stock valued at $301,000 after purchasing an additional 165 shares during the last quarter. Greenleaf Trust raised its position in Jefferies Financial Group by 2.8% in the fourth quarter. Greenleaf Trust now owns 6,554 shares of the financial services provider's stock valued at $514,000 after purchasing an additional 179 shares during the last quarter. CIBC Asset Management Inc raised its position in Jefferies Financial Group by 3.4% in the third quarter. CIBC Asset Management Inc now owns 6,162 shares of the financial services provider's stock valued at $379,000 after purchasing an additional 204 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in Jefferies Financial Group by 0.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 33,087 shares of the financial services provider's stock valued at $2,594,000 after purchasing an additional 234 shares during the last quarter. 60.88% of the stock is currently owned by institutional investors.

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Jefferies Financial Group Trading Down 2.6 %

NYSE JEF traded down $1.52 during trading hours on Friday, hitting $56.24. 3,711,133 shares of the company's stock were exchanged, compared to its average volume of 1,385,477. The stock has a 50-day simple moving average of $72.47 and a 200 day simple moving average of $69.55. Jefferies Financial Group Inc. has a 1-year low of $40.72 and a 1-year high of $82.68. The firm has a market cap of $11.59 billion, a price-to-earnings ratio of 18.87 and a beta of 1.37. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.57.

Jefferies Financial Group (NYSE:JEF - Get Free Report) last announced its quarterly earnings results 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). The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.83 billion. Jefferies Financial Group had a return on equity of 7.92% and a net margin of 10.57%. The firm's revenue was up 63.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.30 EPS. On average, equities analysts forecast that Jefferies Financial Group Inc. will post 4.41 EPS for the current fiscal year.

Jefferies Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Friday, February 14th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Jefferies Financial Group's previous quarterly dividend of $0.35. Jefferies Financial Group's dividend payout ratio (DPR) is currently 53.69%.

Wall Street Analysts Forecast Growth

Several research firms have commented on JEF. Oppenheimer dropped their target price on Jefferies Financial Group from $82.00 to $81.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. Morgan Stanley upgraded Jefferies Financial Group from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $67.00 to $97.00 in a research report on Monday, December 9th.

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.