SeaBridge Investment Advisors LLC raised its stake in shares of Jefferies Financial Group Inc (NYSE:JEF) by 7.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,816 shares of the financial services provider’s stock after acquiring an additional 3,989 shares during the quarter. SeaBridge Investment Advisors LLC’s holdings in Jefferies Financial Group were worth $1,038,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of JEF. FMR LLC bought a new position in Jefferies Financial Group during the 2nd quarter valued at $1,280,000. Schroder Investment Management Group bought a new position in Jefferies Financial Group during the 2nd quarter valued at $20,632,000. Bank of New York Mellon Corp bought a new position in Jefferies Financial Group during the 2nd quarter valued at $260,247,000. State of Alaska Department of Revenue boosted its stake in Jefferies Financial Group by 10.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 63,623 shares of the financial services provider’s stock valued at $1,396,000 after acquiring an additional 6,230 shares during the last quarter. Finally, Manning & Napier Group LLC bought a new position in Jefferies Financial Group during the 3rd quarter valued at $315,000. Hedge funds and other institutional investors own 76.88% of the company’s stock.
Jefferies Financial Group stock opened at $19.85 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.36 and a current ratio of 1.36. Jefferies Financial Group Inc has a 1 year low of $16.20 and a 1 year high of $25.45. The stock has a market capitalization of $6.48 billion, a PE ratio of 12.03 and a beta of 1.35.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 28th. Stockholders of record on Friday, February 15th will be given a $0.125 dividend. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.52%. Jefferies Financial Group’s payout ratio is currently 30.30%.
A number of research firms have commented on JEF. Zacks Investment Research upgraded shares of Jefferies Financial Group from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Friday, January 4th. Oppenheimer reduced their price objective on shares of Jefferies Financial Group from $32.00 to $30.00 in a research note on Friday, January 11th.
Jefferies Financial Group Profile
Jefferies Financial Group Inc, a financial services company, engages in investment banking and capital markets, asset management, and direct investing businesses in the Americas, Europe, and Asia. the company also offers equities research, sales, and trading services; equity finance services comprising financing, securities lending, and other prime brokerage services; and wealth management services to high net worth individuals, their families and businesses, private equity and venture funds, and small institutions.
Further Reading: Balance Sheet
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