Wells Fargo & Company MN Has $25.12 Million Stock Holdings in Jefferies Financial Group Inc. (NYSE:JEF)

Wells Fargo & Company MN lifted its position in shares of Jefferies Financial Group Inc. (NYSE:JEF - Free Report) by 15.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 320,455 shares of the financial services provider's stock after purchasing an additional 42,821 shares during the period. Wells Fargo & Company MN owned 0.16% of Jefferies Financial Group worth $25,124,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in JEF. Hemington Wealth Management lifted its holdings 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 worth $26,000 after buying an additional 140 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in Jefferies Financial Group by 14.2% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,223 shares of the financial services provider's stock valued at $96,000 after purchasing an additional 152 shares during the period. Caprock Group LLC grew its position in shares of Jefferies Financial Group by 4.5% during the 4th quarter. Caprock Group LLC now owns 3,844 shares of the financial services provider's stock worth $301,000 after purchasing an additional 165 shares in the last quarter. Greenleaf Trust increased its holdings in shares of Jefferies Financial Group by 2.8% during the fourth quarter. Greenleaf Trust now owns 6,554 shares of the financial services provider's stock worth $514,000 after purchasing an additional 179 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Jefferies Financial Group by 0.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 33,087 shares of the financial services provider's stock valued at $2,594,000 after buying an additional 234 shares during the period. 60.88% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. The Goldman Sachs Group set a $75.00 target price on shares of Jefferies Financial Group in a report on Wednesday, March 5th. Morgan Stanley downgraded Jefferies Financial Group from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $75.00 to $41.00 in a report on Monday, April 7th. Oppenheimer cut Jefferies Financial Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Finally, StockNews.com lowered Jefferies Financial Group from a "hold" rating to a "sell" rating in a research note on Monday, March 31st.

Jefferies Financial Group Price Performance

JEF stock traded up $0.38 during midday trading on Tuesday, reaching $44.15. 1,170,515 shares of the stock were exchanged, compared to its average volume of 1,568,385. Jefferies Financial Group Inc. has a 52 week low of $39.28 and a 52 week high of $82.68. The company has a fifty day moving average price of $58.78 and a 200 day moving average price of $68.17. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $9.10 billion, a PE ratio of 14.81 and a beta of 1.29.

Jefferies Financial Group (NYSE:JEF - Get Free Report) last released its quarterly earnings data on Wednesday, March 26th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.28). Jefferies Financial Group had a net margin of 10.57% and a return on equity of 7.92%. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same period in the prior year, the company earned $0.87 EPS. The business's quarterly revenue was down 8.4% compared to the same quarter last year. As a group, analysts expect that Jefferies Financial Group Inc. will post 4.41 EPS for the current fiscal year.

Jefferies Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Monday, May 19th will be issued a $0.40 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.60 dividend on an annualized basis and a yield of 3.62%. Jefferies Financial Group's payout ratio is 55.36%.

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.