Caprock Group LLC Increases Stock Position in Jefferies Financial Group Inc. (NYSE:JEF)

Caprock Group LLC raised its holdings in shares of Jefferies Financial Group Inc. (NYSE:JEF) by 4.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,844 shares of the financial services provider’s stock after purchasing an additional 165 shares during the period. Caprock Group LLC’s holdings in Jefferies Financial Group were worth $301,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. CIBC Asset Management Inc lifted its stake in shares of Jefferies Financial Group by 3.4% in the 3rd quarter. CIBC Asset Management Inc now owns 6,162 shares of the financial services provider’s stock worth $379,000 after purchasing an additional 204 shares during the period. Gateway Investment Advisers LLC raised its position in Jefferies Financial Group by 0.5% in the fourth quarter. Gateway Investment Advisers LLC now owns 55,801 shares of the financial services provider’s stock worth $4,375,000 after acquiring an additional 256 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Jefferies Financial Group by 4.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,765 shares of the financial services provider’s stock worth $337,000 after acquiring an additional 295 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Jefferies Financial Group by 158.3% during the 4th quarter. GAMMA Investing LLC now owns 514 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 315 shares during the period. Finally, Atomi Financial Group Inc. increased its stake in shares of Jefferies Financial Group by 5.3% in the 4th quarter. Atomi Financial Group Inc. now owns 7,012 shares of the financial services provider’s stock worth $550,000 after purchasing an additional 352 shares in the last quarter. Hedge funds and other institutional investors own 60.88% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on JEF. Morgan Stanley upgraded Jefferies Financial Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $67.00 to $97.00 in a research report on Monday, December 9th. Oppenheimer reduced their target price on shares of Jefferies Financial Group from $82.00 to $81.00 and set an “outperform” rating for the company in a report on Friday, January 3rd.

Jefferies Financial Group Trading Up 1.4 %

Shares of Jefferies Financial Group stock opened at $76.36 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.57. The firm has a market cap of $15.74 billion, a price-to-earnings ratio of 25.62 and a beta of 1.34. Jefferies Financial Group Inc. has a twelve month low of $39.58 and a twelve month high of $82.68. The business has a 50-day moving average price of $77.40 and a 200-day moving average price of $67.87.

Jefferies Financial Group (NYSE:JEF) last posted its earnings results on Wednesday, January 8th. The financial services provider reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.06). The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Jefferies Financial Group had a net margin of 10.57% and a return on equity of 7.92%. The company’s revenue for the quarter was up 63.4% compared to the same quarter last year. During the same period last year, the business posted $0.30 earnings per share. Equities research analysts anticipate that Jefferies Financial Group Inc. will post 4.55 EPS for the current fiscal year.

Jefferies Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.10%. This is a positive change from Jefferies Financial Group’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, February 14th. Jefferies Financial Group’s payout ratio is presently 46.98%.

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.