Invesco Ltd. boosted its position in Jefferies Financial Group Inc. (NYSE:JEF - Free Report) by 27.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,293,767 shares of the financial services provider's stock after acquiring an additional 1,127,335 shares during the quarter. Invesco Ltd. owned 2.57% of Jefferies Financial Group worth $415,031,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the business. 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 valued at $26,000 after purchasing an additional 140 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Jefferies Financial Group in the 4th quarter valued at $27,000. Stephens Consulting LLC acquired a new position in shares of Jefferies Financial Group in the 4th quarter valued at about $29,000. GAMMA Investing LLC boosted its position in shares of Jefferies Financial Group by 158.3% during the 4th 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 in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Jefferies Financial Group in the third quarter valued at approximately $32,000. 60.88% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on JEF shares. Morgan Stanley downgraded Jefferies Financial Group from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $75.00 to $41.00 in a research note on Monday, April 7th. Oppenheimer lowered shares of Jefferies Financial Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. StockNews.com downgraded shares of Jefferies Financial Group from a "hold" rating to a "sell" rating in a research report on Monday, March 31st. Finally, The Goldman Sachs Group set a $75.00 price target on Jefferies Financial Group in a research report on Wednesday, March 5th.
View Our Latest Analysis on Jefferies Financial Group
Jefferies Financial Group Stock Performance
JEF traded up $1.25 during trading hours on Monday, hitting $44.01. The stock had a trading volume of 402,121 shares, compared to its average volume of 1,561,086. The stock has a market cap of $9.07 billion, a PE ratio of 14.77 and a beta of 1.29. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.57. The company's fifty day simple moving average is $59.41 and its 200 day simple moving average is $68.29. Jefferies Financial Group Inc. has a 1 year low of $39.28 and a 1 year high of $82.68.
Jefferies Financial Group (NYSE:JEF - Get Free Report) last posted its quarterly earnings results on Wednesday, March 26th. The financial services provider reported $0.60 EPS for the quarter, missing analysts' consensus estimates of $0.88 by ($0.28). Jefferies Financial Group had a return on equity of 7.92% and a net margin of 10.57%. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the previous year, the business earned $0.87 earnings per share. Jefferies Financial Group's revenue was down 8.4% on a year-over-year basis. Equities analysts anticipate that Jefferies Financial Group Inc. will post 4.41 earnings per share for the current year.
Jefferies Financial Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Monday, May 19th will be given a $0.40 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.64%. Jefferies Financial Group's dividend payout ratio (DPR) is presently 55.36%.
About Jefferies Financial Group
(
Free Report)
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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