3,535 Shares in Jefferies Financial Group Inc. (NYSE:JEF) Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC acquired a new stake in shares of Jefferies Financial Group Inc. (NYSE:JEF) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,535 shares of the financial services provider’s stock, valued at approximately $218,000.

Other large investors also recently modified their holdings of the company. Sei Investments Co. boosted its stake in Jefferies Financial Group by 92.2% in the 1st quarter. Sei Investments Co. now owns 376,597 shares of the financial services provider’s stock valued at $16,608,000 after buying an additional 180,702 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Jefferies Financial Group by 1,386.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 141,963 shares of the financial services provider’s stock valued at $7,064,000 after purchasing an additional 132,414 shares during the last quarter. Tocqueville Asset Management L.P. acquired a new position in Jefferies Financial Group in the first quarter valued at about $2,722,000. Fulton Bank N.A. bought a new stake in Jefferies Financial Group during the second quarter worth about $726,000. Finally, Seven Eight Capital LP increased its holdings in shares of Jefferies Financial Group by 199.1% during the first quarter. Seven Eight Capital LP now owns 27,541 shares of the financial services provider’s stock worth $1,215,000 after buying an additional 18,332 shares in the last quarter. 60.88% of the stock is currently owned by institutional investors.

Insider Activity at Jefferies Financial Group

In other Jefferies Financial Group news, Director Mitsui Financial Grou Sumitomo bought 9,247,081 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was bought at an average price of $59.67 per share, for a total transaction of $551,773,323.27. Following the transaction, the director now owns 9,247,081 shares of the company’s stock, valued at approximately $551,773,323.27. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, President Brian P. Friedman sold 200,000 shares of Jefferies Financial Group stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $63.09, for a total transaction of $12,618,000.00. Following the transaction, the president now owns 604,606 shares of the company’s stock, valued at $38,144,592.54. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mitsui Financial Grou Sumitomo bought 9,247,081 shares of the stock in a transaction on Thursday, September 19th. The stock was purchased at an average cost of $59.67 per share, with a total value of $551,773,323.27. Following the purchase, the director now directly owns 9,247,081 shares of the company’s stock, valued at approximately $551,773,323.27. The disclosure for this purchase can be found here. 20.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

JEF has been the topic of several recent analyst reports. Oppenheimer boosted their target price on Jefferies Financial Group from $64.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday, September 13th. UBS Group started coverage on Jefferies Financial Group in a report on Tuesday, September 17th. They set a “buy” rating and a $67.00 target price on the stock. Finally, Morgan Stanley lifted their price target on Jefferies Financial Group from $59.00 to $64.00 and gave the company an “equal weight” rating in a report on Monday, September 23rd.

Jefferies Financial Group Stock Down 1.9 %

NYSE:JEF opened at $64.24 on Thursday. The company has a market cap of $13.20 billion, a price-to-earnings ratio of 35.49 and a beta of 1.32. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.91 and a current ratio of 0.91. The stock’s fifty day moving average price is $60.68 and its two-hundred day moving average price is $52.63. Jefferies Financial Group Inc. has a 52-week low of $31.38 and a 52-week high of $67.79.

Jefferies Financial Group (NYSE:JEF) last posted its quarterly earnings results on Wednesday, September 25th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.03). The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.71 billion. Jefferies Financial Group had a net margin of 9.27% and a return on equity of 6.46%. Jefferies Financial Group’s revenue was up 42.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 EPS. On average, analysts anticipate that Jefferies Financial Group Inc. will post 3.13 EPS for the current year.

Jefferies Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 18th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Monday, November 18th. Jefferies Financial Group’s dividend payout ratio (DPR) is 77.35%.

About Jefferies Financial Group

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.