Oppenheimer & Co. Inc. Has $18.42 Million Stake in Jefferies Financial Group Inc. (NYSE:JEF)

Oppenheimer & Co. Inc. increased its stake in Jefferies Financial Group Inc. (NYSE:JEF - Free Report) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 299,297 shares of the financial services provider's stock after purchasing an additional 7,889 shares during the quarter. Oppenheimer & Co. Inc. owned approximately 0.15% of Jefferies Financial Group worth $18,422,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JEF. Marshall Wace LLP lifted its holdings in Jefferies Financial Group by 365.9% in the 2nd quarter. Marshall Wace LLP now owns 1,947,192 shares of the financial services provider's stock worth $96,892,000 after purchasing an additional 1,529,218 shares during the last quarter. Artemis Investment Management LLP acquired a new position in shares of Jefferies Financial Group during the second quarter worth approximately $58,211,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Jefferies Financial Group by 15.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 7,049,815 shares of the financial services provider's stock worth $350,799,000 after buying an additional 936,424 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Jefferies Financial Group during the second quarter worth approximately $21,148,000. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Jefferies Financial Group by 12.9% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,396,255 shares of the financial services provider's stock worth $168,998,000 after buying an additional 389,385 shares during the last quarter. 60.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Jefferies Financial Group

In other Jefferies Financial Group news, Director Mitsui Financial Grou Sumitomo bought 9,247,081 shares of the firm's stock in a transaction dated Thursday, September 19th. The shares were bought at an average price of $59.67 per share, for a total transaction of $551,773,323.27. Following the completion of the acquisition, the director now owns 9,247,081 shares of the company's stock, valued at approximately $551,773,323.27. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, President Brian P. Friedman sold 200,000 shares of the company's stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $63.09, for a total transaction of $12,618,000.00. Following the transaction, the president now owns 604,606 shares of the company's stock, valued at $38,144,592.54. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mitsui Financial Grou Sumitomo purchased 9,247,081 shares of the business's stock in a transaction dated Thursday, September 19th. The shares were purchased at an average cost of $59.67 per share, for a total transaction of $551,773,323.27. Following the purchase, the director now directly owns 9,247,081 shares of the company's stock, valued at $551,773,323.27. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 1,286,923 shares of company stock worth $88,999,151. Insiders own 20.40% of the company's stock.

Jefferies Financial Group Price Performance

NYSE:JEF traded up $0.26 during trading hours on Wednesday, reaching $74.58. The company had a trading volume of 2,171,393 shares, compared to its average volume of 1,267,042. The stock has a 50-day moving average of $63.38 and a two-hundred day moving average of $55.18. Jefferies Financial Group Inc. has a one year low of $34.34 and a one year high of $75.81. The firm has a market capitalization of $15.33 billion, a PE ratio of 32.09 and a beta of 1.31. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.53.

Jefferies Financial Group (NYSE:JEF - Get Free Report) last announced its quarterly earnings results on Wednesday, September 25th. The financial services provider reported $0.75 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.03). The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.71 billion. Jefferies Financial Group had a net margin of 9.27% and a return on equity of 6.40%. The business's revenue was up 42.4% on a year-over-year basis. During the same quarter last year, the company earned $0.32 earnings per share. Analysts forecast that Jefferies Financial Group Inc. will post 3.13 earnings per share for the current year.

Jefferies Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Monday, November 18th. Jefferies Financial Group's payout ratio is presently 59.83%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on JEF shares. Oppenheimer boosted their price objective on Jefferies Financial Group from $71.00 to $73.00 and gave the company an "outperform" rating in a research report on Tuesday, November 5th. UBS Group started coverage on Jefferies Financial Group in a research report on Tuesday, September 17th. They set a "buy" rating and a $67.00 price objective on the stock. Finally, Morgan Stanley boosted their price objective on Jefferies Financial Group from $59.00 to $64.00 and gave the company an "equal weight" rating in a research report on Monday, September 23rd.

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.