Sequoia Financial Advisors LLC Grows Position in Jefferies Financial Group Inc. $JEF

by · The Cerbat Gem

Sequoia Financial Advisors LLC grew its stake in shares of Jefferies Financial Group Inc. (NYSE:JEF – Free Report) by 13.9% in the second quarter, HoldingsChannel.com reports. The firm owned 169,445 shares of the financial services provider’s stock after buying an additional 20,728 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Jefferies Financial Group were worth $9,267,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Elequin Capital LP raised its holdings in shares of Jefferies Financial Group by 117.9% during the first quarter. Elequin Capital LP now owns 549 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 297 shares in the last quarter. JCIC Asset Management Inc. raised its holdings in shares of Jefferies Financial Group by 193.8% during the first quarter. JCIC Asset Management Inc. now owns 705 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 465 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Jefferies Financial Group by 123.9% during the first quarter. GAMMA Investing LLC now owns 1,151 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 637 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Jefferies Financial Group by 87.9% during the first quarter. IFP Advisors Inc now owns 1,387 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 649 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Jefferies Financial Group during the first quarter valued at approximately $78,000. Institutional investors own 60.88% of the company’s stock.

Jefferies Financial Group Price Performance

Shares of NYSE:JEF opened at $53.81 on Tuesday. Jefferies Financial Group Inc. has a 1-year low of $39.28 and a 1-year high of $82.68. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.05 and a quick ratio of 1.05. The business has a fifty day moving average price of $62.77 and a 200-day moving average price of $55.26. The company has a market capitalization of $11.10 billion, a PE ratio of 18.49 and a beta of 1.51.

Jefferies Financial Group (NYSE:JEF – Get Free Report) last issued its quarterly earnings results on Monday, September 29th. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.22. Jefferies Financial Group had a return on equity of 7.25% and a net margin of 7.40%.The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same period last year, the company earned $0.75 earnings per share. The company’s revenue was up 21.6% on a year-over-year basis. As a group, equities analysts expect that Jefferies Financial Group Inc. will post 4.41 EPS for the current fiscal year.

Jefferies Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Monday, November 17th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $1.60 annualized dividend and a dividend yield of 3.0%. Jefferies Financial Group’s dividend payout ratio (DPR) is 54.98%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. BMO Capital Markets assumed coverage on Jefferies Financial Group in a report on Friday, October 3rd. They set a “market perform” rating and a $69.00 target price for the company. Morgan Stanley set a $74.00 price objective on Jefferies Financial Group in a report on Wednesday, October 8th. Zacks Research upgraded Jefferies Financial Group from a “hold” rating to a “strong-buy” rating in a report on Friday, October 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Jefferies Financial Group in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Jefferies Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, September 20th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

Check Out Our Latest 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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