Wittenberg Investment Management Inc. reduced its stake in shares of Jefferies Financial Group Inc. (NYSE:JEF - Free Report) by 12.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,770 shares of the financial services provider's stock after selling 5,667 shares during the quarter. Jefferies Financial Group comprises approximately 1.2% of Wittenberg Investment Management Inc.'s holdings, making the stock its 14th largest position. Wittenberg Investment Management Inc.'s holdings in Jefferies Financial Group were worth $3,118,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in JEF. Hemington Wealth Management boosted its position in 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 acquiring an additional 140 shares during the period. V Square Quantitative Management LLC acquired a new stake in Jefferies Financial Group in the fourth quarter worth about $27,000. Stephens Consulting LLC bought a new position in Jefferies Financial Group in the 4th quarter valued at about $29,000. GAMMA Investing LLC increased its stake in 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 buying an additional 315 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Jefferies Financial Group during the 3rd quarter worth about $32,000. 60.88% of the stock is currently owned by institutional investors.
Jefferies Financial Group Price Performance
Jefferies Financial Group stock traded down $0.44 during mid-day trading on Wednesday, hitting $40.62. The company's stock had a trading volume of 983,099 shares, compared to its average volume of 1,539,060. Jefferies Financial Group Inc. has a twelve month low of $38.97 and a twelve month high of $82.68. The stock's fifty day moving average price is $61.89 and its two-hundred day moving average price is $68.77. The stock has a market capitalization of $8.37 billion, a P/E ratio of 13.65 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.
Jefferies Financial Group (NYSE:JEF - Get Free Report) last announced its earnings results on Wednesday, March 26th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.88 by ($0.28). The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.93 billion. Jefferies Financial Group had a return on equity of 7.92% and a net margin of 10.57%. The firm's revenue for the quarter was down 8.4% on a year-over-year basis. During the same period last year, the firm earned $0.87 earnings per share. Research analysts forecast that Jefferies Financial Group Inc. will post 4.41 earnings per share for the current year.
Jefferies Financial Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Monday, May 19th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend is Monday, May 19th. Jefferies Financial Group's dividend payout ratio (DPR) is currently 55.36%.
Analysts Set New Price Targets
JEF has been the subject of several recent analyst reports. Oppenheimer cut shares of Jefferies Financial Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Morgan Stanley cut Jefferies Financial Group from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $75.00 to $41.00 in a research report on Monday. StockNews.com lowered Jefferies Financial Group from a "hold" rating to a "sell" rating in a report on Monday, March 31st. Finally, The Goldman Sachs Group set a $75.00 target price on Jefferies Financial Group in a report on Wednesday, March 5th.
Get Our Latest Stock Analysis on Jefferies Financial Group
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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