Jupiter Asset Management Ltd. Purchases Shares of 18,682 Jefferies Financial Group Inc. $JEF

by · The Cerbat Gem

Jupiter Asset Management Ltd. bought a new position in shares of Jefferies Financial Group Inc. (NYSE:JEF – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,682 shares of the financial services provider’s stock, valued at approximately $1,158,000.

A number of other hedge funds have also modified their holdings of JEF. Salomon & Ludwin LLC grew its position in shares of Jefferies Financial Group by 75.0% during the fourth quarter. Salomon & Ludwin LLC now owns 413 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 177 shares during the last quarter. Smithfield Trust Co purchased a new position in Jefferies Financial Group in the 4th quarter valued at $27,000. Elyxium Wealth LLC purchased a new position in Jefferies Financial Group in the 4th quarter valued at $28,000. Nvwm LLC purchased a new position in Jefferies Financial Group in the 4th quarter valued at $31,000. Finally, First Horizon Corp grew its position in Jefferies Financial Group by 68.1% in the 4th quarter. First Horizon Corp now owns 622 shares of the financial services provider’s stock valued at $39,000 after buying an additional 252 shares during the last quarter. 60.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. BMO Capital Markets lowered their price objective on shares of Jefferies Financial Group from $68.00 to $42.00 and set a “market perform” rating on the stock in a research report on Monday, March 23rd. UBS Group lowered their price objective on shares of Jefferies Financial Group from $76.00 to $59.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Morgan Stanley lowered shares of Jefferies Financial Group from an “overweight” rating to an “equal weight” rating and set a $49.00 price objective on the stock. in a research report on Monday, March 9th. Zacks Research upgraded shares of Jefferies Financial Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. Finally, Oppenheimer lowered their price objective on shares of Jefferies Financial Group from $97.00 to $74.00 and set an “outperform” rating on the stock in a research report on Friday, March 13th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Jefferies Financial Group has an average rating of “Hold” and an average target price of $58.14.

View Our Latest Research Report on Jefferies Financial Group

Jefferies Financial Group Price Performance

Jefferies Financial Group stock opened at $52.77 on Friday. Jefferies Financial Group Inc. has a one year low of $35.53 and a one year high of $71.04. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.04 and a current ratio of 1.04. The business has a fifty day moving average of $47.04 and a two-hundred day moving average of $53.03. The company has a market cap of $10.79 billion, a P/E ratio of 17.83 and a beta of 1.53.

Jefferies Financial Group (NYSE:JEF – Get Free Report) last released its earnings results on Wednesday, March 25th. The financial services provider reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.19). Jefferies Financial Group had a net margin of 6.61% and a return on equity of 7.83%. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same period last year, the business posted $0.57 EPS. Jefferies Financial Group’s revenue was up 26.6% compared to the same quarter last year. As a group, analysts predict that Jefferies Financial Group Inc. will post 3.79 earnings per share for the current fiscal year.

Jefferies Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, May 18th. Jefferies Financial Group’s payout ratio is 54.05%.

About Jefferies Financial Group

(Free Report)

Jefferies Financial Group Inc is a diversified financial services company that provides a range of investment banking, capital markets and asset management services to corporations, governments and institutional investors worldwide. Through its core platform, Jefferies offers advisory services for mergers and acquisitions, debt and equity underwriting, restructuring and recapitalization. The firm also operates a global sales and trading business covering equities, fixed income and foreign exchange products, complemented by equity research and macroeconomic analysis.

In addition to its capital markets franchise, Jefferies maintains a growing asset management division that delivers customized investment solutions across public and private markets.

Read More

Want to see what other hedge funds are holding JEF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jefferies Financial Group Inc. (NYSE:JEF – Free Report).