Proficio Capital Partners LLC Invests $2.57 Million in Jefferies Financial Group Inc. (NYSE:JEF)

Proficio Capital Partners LLC bought a new position in Jefferies Financial Group Inc. (NYSE:JEF - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 32,771 shares of the financial services provider's stock, valued at approximately $2,569,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. GSA Capital Partners LLP acquired a new stake in Jefferies Financial Group during the third quarter valued at $332,000. Victory Capital Management Inc. boosted its position in Jefferies Financial Group by 45.5% during the third quarter. Victory Capital Management Inc. now owns 89,605 shares of the financial services provider's stock valued at $5,515,000 after purchasing an additional 28,011 shares during the last quarter. Huntington National Bank boosted its position in Jefferies Financial Group by 14,055.6% during the third quarter. Huntington National Bank now owns 1,274 shares of the financial services provider's stock valued at $78,000 after purchasing an additional 1,265 shares during the last quarter. CIBC Asset Management Inc boosted its position in Jefferies Financial Group by 3.4% during the third quarter. CIBC Asset Management Inc now owns 6,162 shares of the financial services provider's stock valued at $379,000 after purchasing an additional 204 shares during the last quarter. Finally, Natixis Advisors LLC boosted its position in Jefferies Financial Group by 5.5% during the third quarter. Natixis Advisors LLC now owns 34,562 shares of the financial services provider's stock valued at $2,127,000 after purchasing an additional 1,790 shares during the last quarter. Institutional investors and hedge funds own 60.88% of the company's stock.

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Jefferies Financial Group Stock Up 0.5 %

NYSE JEF traded up $0.28 during trading on Friday, hitting $59.46. 1,907,305 shares of the company traded hands, compared to its average volume of 1,422,303. Jefferies Financial Group Inc. has a 12 month low of $40.72 and a 12 month high of $82.68. The business has a fifty day simple moving average of $68.05 and a 200 day simple moving average of $69.34. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.57. The company has a market capitalization of $12.26 billion, a P/E ratio of 19.95 and a beta of 1.37.

Jefferies Financial Group (NYSE:JEF - Get Free Report) last posted its earnings results on Wednesday, January 8th. The financial services provider reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.06). The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.83 billion. Jefferies Financial Group had a net margin of 10.57% and a return on equity of 7.92%. Jefferies Financial Group's quarterly revenue was up 63.4% on a year-over-year basis. During the same quarter last year, the business earned $0.30 earnings per share. As a group, sell-side analysts predict that Jefferies Financial Group Inc. will post 4.41 EPS for the current year.

Jefferies Financial Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Friday, February 14th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Jefferies Financial Group's previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.69%. Jefferies Financial Group's payout ratio is presently 53.69%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Oppenheimer cut Jefferies Financial Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday. Morgan Stanley reduced their price objective on Jefferies Financial Group from $92.00 to $81.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Finally, The Goldman Sachs Group set a $75.00 target price on Jefferies Financial Group in a report on Wednesday, March 5th.

Jefferies Financial Group 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.