Geode Capital Management LLC Has $171.22 Million Stake in Jefferies Financial Group Inc. (NYSE:JEF)

Geode Capital Management LLC decreased its position in shares of Jefferies Financial Group Inc. (NYSE:JEF - Free Report) by 2.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,781,009 shares of the financial services provider's stock after selling 73,323 shares during the period. Geode Capital Management LLC owned about 1.35% of Jefferies Financial Group worth $171,215,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of JEF. Allspring Global Investments Holdings LLC increased its holdings in Jefferies Financial Group by 15.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,049,815 shares of the financial services provider's stock valued at $350,799,000 after purchasing an additional 936,424 shares in the last quarter. Massachusetts Mutual Life Insurance Co. acquired a new stake in shares of Jefferies Financial Group in the third quarter valued at $286,476,000. Dimensional Fund Advisors LP increased its stake in shares of Jefferies Financial Group by 1.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,232,280 shares of the financial services provider's stock valued at $210,591,000 after buying an additional 76,327 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Jefferies Financial Group by 12.9% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,396,255 shares of the financial services provider's stock valued at $168,998,000 after buying an additional 389,385 shares during the last quarter. Finally, FMR LLC lifted its position in Jefferies Financial Group by 782.5% during the 3rd quarter. FMR LLC now owns 3,286,958 shares of the financial services provider's stock worth $202,312,000 after buying an additional 2,914,504 shares in the last quarter. Institutional investors own 60.88% of the company's stock.

Insider Buying and Selling at Jefferies Financial Group

In other news, CEO Richard B. Handler sold 400,000 shares of Jefferies Financial Group stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $72.26, for a total transaction of $28,904,000.00. Following the transaction, the chief executive officer now directly owns 14,971,288 shares of the company's stock, valued at $1,081,825,270.88. This trade represents a 2.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mitsui Financial Grou Sumitomo purchased 9,247,081 shares of the firm's stock in a transaction dated Thursday, September 19th. The stock was purchased at an average cost of $59.67 per share, with a total value of $551,773,323.27. Following the acquisition, the director now directly owns 9,247,081 shares in the company, valued at $551,773,323.27. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 1,286,923 shares of company stock valued at $88,999,151. 20.40% of the stock is currently owned by company insiders.

Jefferies Financial Group Trading Up 1.0 %

Jefferies Financial Group stock traded up $0.83 during trading hours on Monday, reaching $81.75. 896,340 shares of the company's stock traded hands, compared to its average volume of 1,265,887. The firm has a market capitalization of $16.80 billion, a price-to-earnings ratio of 34.94 and a beta of 1.35. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.03 and a current ratio of 1.03. Jefferies Financial Group Inc. has a fifty-two week low of $37.95 and a fifty-two week high of $82.04. The firm's 50 day moving average is $71.45 and its 200-day moving average is $60.35.

Jefferies Financial Group (NYSE:JEF - Get Free Report) last announced its quarterly earnings data on Wednesday, September 25th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.03). The business 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%. Jefferies Financial Group's revenue was up 42.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 earnings per share. On average, analysts predict that Jefferies Financial Group Inc. will post 3.13 earnings per share for the current year.

Jefferies Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 18th were issued a $0.35 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a yield of 1.71%. Jefferies Financial Group's dividend payout ratio is presently 59.83%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. UBS Group began coverage on shares of Jefferies Financial Group in a research report on Tuesday, September 17th. They issued a "buy" rating and a $67.00 price objective for the company. Oppenheimer raised their price target on shares of Jefferies Financial Group from $73.00 to $83.00 and gave the company an "outperform" rating in a report on Thursday, November 14th. Finally, Morgan Stanley raised Jefferies Financial Group from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $67.00 to $97.00 in a 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.