Envestnet Portfolio Solutions Inc. Takes $1.14 Million Position in Jefferies Financial Group Inc. (NYSE:JEF)

Envestnet Portfolio Solutions Inc. acquired a new position in shares of Jefferies Financial Group Inc. (NYSE:JEF - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 14,496 shares of the financial services provider's stock, valued at approximately $1,136,000.

A number of other institutional investors also recently bought and sold shares of JEF. Hemington Wealth Management boosted its stake in shares of Jefferies Financial Group by 71.8% during the fourth 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 period. V Square Quantitative Management LLC acquired a new stake in Jefferies Financial Group during the 4th quarter worth approximately $27,000. Stephens Consulting LLC purchased a new position in shares of Jefferies Financial Group in the 4th quarter valued at approximately $29,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Jefferies Financial Group in the 3rd quarter valued at approximately $32,000. Finally, GAMMA Investing LLC increased its holdings in shares of 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 purchasing an additional 315 shares during the period. 60.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group set a $75.00 price objective on shares of Jefferies Financial Group in a research report on Wednesday, March 5th. Morgan Stanley lowered their target price on shares of Jefferies Financial Group from $92.00 to $81.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Finally, Oppenheimer lowered shares of Jefferies Financial Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th.

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Jefferies Financial Group Price Performance

NYSE:JEF traded down $0.43 during trading hours on Tuesday, hitting $61.74. The company's stock had a trading volume of 1,436,932 shares, compared to its average volume of 1,427,070. Jefferies Financial Group Inc. has a 52-week low of $40.72 and a 52-week high of $82.68. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07. The business's 50-day moving average is $67.68 and its two-hundred day moving average is $69.58. The company has a market capitalization of $12.73 billion, a PE ratio of 20.72 and a beta of 1.37.

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 analysts' consensus estimates of $0.97 by ($0.06). The company had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $1.83 billion. Jefferies Financial Group had a net margin of 10.57% and a return on equity of 7.92%. The business'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 earned $0.30 EPS. As a group, research analysts anticipate that Jefferies Financial Group Inc. will post 4.41 EPS for the current fiscal year.

Jefferies Financial Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Friday, February 14th were paid 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 annualized dividend and a dividend yield of 2.59%. Jefferies Financial Group's payout ratio is 53.69%.

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.