Trivest Advisors Ltd purchased a new stake in shares of Jefferies Financial Group Inc. (NYSE:JEF - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 178,640 shares of the financial services provider's stock, valued at approximately $14,005,000. Trivest Advisors Ltd owned 0.09% of Jefferies Financial Group as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hemington Wealth Management raised 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 acquiring an additional 140 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Jefferies Financial Group during the fourth quarter valued at approximately $27,000. Stephens Consulting LLC purchased a new position in Jefferies Financial Group in the 4th quarter worth approximately $29,000. GAMMA Investing LLC grew its position in Jefferies Financial Group by 158.3% in the 4th quarter. GAMMA Investing LLC now owns 514 shares of the financial services provider's stock worth $40,000 after purchasing an additional 315 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in Jefferies Financial Group in the 3rd quarter worth approximately $32,000. 60.88% of the stock is owned by institutional investors.
Jefferies Financial Group Price Performance
Shares of NYSE JEF traded up $0.28 during trading on Friday, hitting $59.46. The company had a trading volume of 1,907,305 shares, compared to its average volume of 1,424,431. The stock has a fifty day simple moving average of $68.05 and a two-hundred day simple moving average of $69.51. 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 firm has a market capitalization of $12.26 billion, a price-to-earnings ratio of 19.95 and a beta of 1.37. Jefferies Financial Group Inc. has a fifty-two week low of $40.72 and a fifty-two week high of $82.68.
Jefferies Financial Group (NYSE:JEF - Get Free Report) last released its quarterly earnings results on Wednesday, January 8th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($0.06). Jefferies Financial Group had a net margin of 10.57% and a return on equity of 7.92%. The company had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $1.83 billion. During the same period last year, the firm posted $0.30 earnings per share. Jefferies Financial Group's revenue was up 63.4% on a year-over-year basis. On average, research analysts expect that Jefferies Financial Group Inc. will post 4.41 earnings per share for the current year.
Jefferies Financial Group Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Friday, February 14th were given a $0.40 dividend. This is an increase from Jefferies Financial Group's previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.60 annualized dividend and a yield of 2.69%. Jefferies Financial Group's dividend payout ratio is 53.69%.
Analyst Ratings Changes
A number of research firms recently weighed in on JEF. Morgan Stanley lowered their target price on shares of Jefferies Financial Group from $92.00 to $81.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. The Goldman Sachs Group set a $75.00 target price on shares of Jefferies Financial Group in a research note on Wednesday, March 5th. Finally, Oppenheimer downgraded shares of Jefferies Financial Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday.
Read Our Latest Stock Report on JEF
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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