Norges Bank Buys Shares of 2,349,258 Jefferies Financial Group Inc. $JEF

by · The Cerbat Gem

Norges Bank bought a new stake in Jefferies Financial Group Inc. (NYSE:JEF – Free Report) during the 4th quarter, Holdings Channel.com reports. The firm bought 2,349,258 shares of the financial services provider’s stock, valued at approximately $145,584,000.

Several other institutional investors have also recently bought and sold shares of the company. Eminence Capital LP lifted its stake in Jefferies Financial Group by 129.7% in the 3rd quarter. Eminence Capital LP now owns 3,358,561 shares of the financial services provider’s stock valued at $219,717,000 after acquiring an additional 1,896,547 shares in the last quarter. Geode Capital Management LLC lifted its stake in Jefferies Financial Group by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 2,942,554 shares of the financial services provider’s stock valued at $182,390,000 after acquiring an additional 24,171 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Jefferies Financial Group by 1.6% in the 3rd quarter. Fisher Asset Management LLC now owns 2,115,548 shares of the financial services provider’s stock valued at $138,399,000 after acquiring an additional 32,708 shares in the last quarter. Bank of America Corp DE increased its position in shares of Jefferies Financial Group by 5.2% during the 3rd quarter. Bank of America Corp DE now owns 1,777,169 shares of the financial services provider’s stock worth $116,262,000 after purchasing an additional 88,384 shares during the last quarter. Finally, NewEdge Wealth LLC boosted its holdings in shares of Jefferies Financial Group by 1.6% in the 4th quarter. NewEdge Wealth LLC now owns 924,615 shares of the financial services provider’s stock valued at $57,298,000 after buying an additional 14,812 shares during the last quarter. Institutional investors own 60.88% of the company’s stock.

Jefferies Financial Group Stock Down 2.6%

JEF stock opened at $52.85 on Thursday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.87. The firm has a market capitalization of $10.80 billion, a PE ratio of 17.85 and a beta of 1.54. Jefferies Financial Group Inc. has a 1-year low of $35.53 and a 1-year high of $71.04. The business’s 50 day simple moving average is $47.93 and its 200 day simple moving average is $52.93.

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

Jefferies Financial Group Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Zacks Research raised shares of Jefferies Financial Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 9th. Morgan Stanley cut shares of Jefferies Financial Group from an “overweight” rating to an “equal weight” rating and set a $49.00 target price for the company. in a research note on Monday, March 9th. Weiss Ratings cut shares of Jefferies Financial Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 18th. Oppenheimer decreased their target price on shares of Jefferies Financial Group from $97.00 to $74.00 and set an “outperform” rating for the company in a research note on Friday, March 13th. Finally, The Goldman Sachs Group raised their target price on shares of Jefferies Financial Group from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Jefferies Financial Group currently has an average rating of “Hold” and a consensus target price of $58.14.

Get Our Latest Stock Report on JEF

Jefferies Financial Group Company Profile

(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.

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