grace capital purchased a new stake in shares of Jefferies Financial Group Inc (NYSE:JEF) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 16,000 shares of the financial services provider’s stock, valued at approximately $364,000.
Other large investors have also bought and sold shares of the company. Envestnet Asset Management Inc. bought a new stake in shares of Jefferies Financial Group in the second quarter worth about $106,000. Victory Capital Management Inc. bought a new stake in shares of Jefferies Financial Group in the second quarter worth about $108,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of Jefferies Financial Group in the second quarter worth about $109,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Jefferies Financial Group in the second quarter worth about $112,000. Finally, Smithfield Trust Co. bought a new stake in shares of Jefferies Financial Group in the second quarter worth about $114,000. 74.18% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently commented on JEF shares. ValuEngine upgraded Jefferies Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 25th. Keefe, Bruyette & Woods started coverage on Jefferies Financial Group in a research report on Monday, August 20th. They issued an “outperform” rating and a $29.00 price target for the company. Finally, Zacks Investment Research upgraded Jefferies Financial Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 13th.
JEF opened at $22.89 on Friday. The stock has a market capitalization of $7.63 billion, a P/E ratio of 13.87 and a beta of 1.16. Jefferies Financial Group Inc has a 12 month low of $21.61 and a 12 month high of $28.30. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.97.
Jefferies Financial Group (NYSE:JEF) last released its quarterly earnings results on Thursday, July 26th. The financial services provider reported $2.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.88 by $0.15. The company had revenue of $911.15 million during the quarter, compared to analyst estimates of $789.70 million. Jefferies Financial Group had a return on equity of 4.52% and a net margin of 7.60%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $0.16 earnings per share. analysts anticipate that Jefferies Financial Group Inc will post 1.46 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Monday, September 17th will be given a $0.125 dividend. The ex-dividend date is Friday, September 14th. This represents a $0.50 annualized dividend and a yield of 2.18%. This is a positive change from Jefferies Financial Group’s previous quarterly dividend of $0.10. Jefferies Financial Group’s dividend payout ratio (DPR) is currently 24.24%.
About Jefferies Financial Group
Jefferies Financial Group Inc, a financial services company, offers a range of products and services in investment banking, equities, fixed income, and wealth management in the Americas, Europe, and Asia. It engages in the debt capital market, equity capital market, merger and acquisition, private capital advisory, and restructuring and recapitalization businesses.
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