22,003 Shares in Jefferies Financial Group Inc. $JEF Bought by CenterBook Partners LP
by Danessa Lincoln · The Markets DailyCenterBook Partners LP purchased a new position in shares of Jefferies Financial Group Inc. (NYSE:JEF – Free Report) during the third quarter, Holdings Channel reports. The firm purchased 22,003 shares of the financial services provider’s stock, valued at approximately $1,006,000.
Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Jefferies Financial Group during the 2nd quarter worth $834,947,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Jefferies Financial Group during the 2nd quarter valued at $127,242,000. Dimensional Fund Advisors LP lifted its position in shares of Jefferies Financial Group by 2.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,666,097 shares of the financial services provider’s stock valued at $110,015,000 after acquiring an additional 58,585 shares during the period. Bamco Inc. NY bought a new position in shares of Jefferies Financial Group in the second quarter worth $107,044,000. Finally, Freestone Grove Partners LP bought a new position in shares of Jefferies Financial Group in the second quarter worth $79,537,000. Institutional investors own 60.88% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the company. Morgan Stanley cut their target price on Jefferies Financial Group from $50.00 to $49.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 29th. The Goldman Sachs Group cut their target price on Jefferies Financial Group from $67.00 to $57.00 and set a “buy” rating on the stock in a report on Tuesday, September 29th. Wall Street Zen cut Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note on Monday, October 19th. Oppenheimer lowered their price objective on Jefferies Financial Group from $76.00 to $71.00 and set an “outperform” rating for the company in a research report on Tuesday, September 29th. Finally, UBS Group cut their price objective on Jefferies Financial Group from $65.00 to $61.00 and set a “neutral” rating on the stock in a research note on Friday, September 11th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Jefferies Financial Group has a consensus rating of “Hold” and an average price target of $56.86.
Jefferies Financial Group Stock Down 2.9%
Shares of Jefferies Financial Group stock opened at $47.98 on Wednesday. Jefferies Financial Group Inc. has a one year low of $35.53 and a one year high of $66.60. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.02 and a quick ratio of 1.02. The stock’s 50-day moving average is $47.72 and its 200 day moving average is $50.52. The firm has a market cap of $9.07 billion, a price-to-earnings ratio of 13.15 and a beta of 1.54.
Jefferies Financial Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 16th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.60 annualized dividend and a yield of 3.3%. Jefferies Financial Group’s payout ratio is 43.84%.
Jefferies Financial Group Profile
Jefferies Financial Group Inc. is a global financial services company whose principal business is conducted through Jefferies, its investment banking and capital markets business. Jefferies advises companies and financial sponsors on mergers and acquisitions, restructurings and other strategic matters, and helps clients raise capital through debt and equity offerings. It also provides securities research, sales and trading, and related services to institutional investors and other clients. The company serves clients across the Americas, Europe, the Middle East and Asia-Pacific.
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