NBC Securities Inc. Has $153,000 Stake in Jefferies Financial Group Inc. (NYSE:JEF)

NBC Securities Inc. lessened its holdings in shares of Jefferies Financial Group Inc. (NYSE:JEF) by 11.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,490 shares of the financial services provider’s stock after selling 468 shares during the period. NBC Securities Inc.’s holdings in Jefferies Financial Group were worth $153,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Naples Money Management LLC bought a new stake in Jefferies Financial Group during the fourth quarter worth about $29,000. Allworth Financial LP boosted its position in shares of Jefferies Financial Group by 56.6% during the 4th quarter. Allworth Financial LP now owns 1,126 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 407 shares in the last quarter. Altshuler Shaham Ltd bought a new position in Jefferies Financial Group in the fourth quarter valued at approximately $47,000. Headlands Technologies LLC acquired a new position in Jefferies Financial Group during the fourth quarter valued at approximately $71,000. Finally, CWM LLC raised its position in Jefferies Financial Group by 105.7% during the first quarter. CWM LLC now owns 2,139 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 1,099 shares in the last quarter. 60.88% of the stock is owned by institutional investors.

Jefferies Financial Group Stock Down 0.3 %

Shares of JEF opened at $45.75 on Monday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.91 and a current ratio of 0.91. Jefferies Financial Group Inc. has a 52 week low of $31.12 and a 52 week high of $47.87. The stock has a market capitalization of $9.70 billion, a price-to-earnings ratio of 37.50 and a beta of 1.33. The stock has a fifty day moving average of $44.97 and a 200-day moving average of $42.59.

Jefferies Financial Group (NYSE:JEF) last posted its earnings results on Wednesday, March 27th. The financial services provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.76 by $0.11. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.52 billion. Jefferies Financial Group had a return on equity of 4.41% and a net margin of 5.90%. The business’s quarterly revenue was up 35.4% on a year-over-year basis. During the same period last year, the company earned $0.55 earnings per share. As a group, sell-side analysts anticipate that Jefferies Financial Group Inc. will post 3.21 earnings per share for the current fiscal year.

Jefferies Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 20th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend was Friday, May 17th. Jefferies Financial Group’s payout ratio is 98.36%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Oppenheimer lifted their price target on Jefferies Financial Group from $56.00 to $57.00 and gave the company an “outperform” rating in a research note on Friday, June 14th. StockNews.com downgraded Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $44.33.

Insider Activity

In related news, President Brian P. Friedman sold 55,000 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $46.30, for a total value of $2,546,500.00. Following the sale, the president now owns 2,591,350 shares of the company’s stock, valued at $119,979,505. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Richard B. Handler sold 1,500,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $43.50, for a total value of $65,250,000.00. Following the transaction, the chief executive officer now owns 15,314,150 shares in the company, valued at approximately $666,165,525. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Brian P. Friedman sold 55,000 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $46.30, for a total transaction of $2,546,500.00. Following the completion of the sale, the president now directly owns 2,591,350 shares in the company, valued at $119,979,505. The disclosure for this sale can be found here. Insiders own 20.40% of the company’s stock.

Jefferies Financial Group Profile

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.