Steward Partners Investment Advisory LLC Purchases 375 Shares of Jefferies Financial Group Inc. (NYSE:JEF)

Steward Partners Investment Advisory LLC lifted its position in Jefferies Financial Group Inc. (NYSE:JEF) by 13.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,175 shares of the financial services provider’s stock after purchasing an additional 375 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Jefferies Financial Group were worth $249,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Hemington Wealth Management increased its holdings in shares of Jefferies Financial Group by 71.8% in the fourth quarter. Hemington Wealth Management now owns 335 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 140 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Jefferies Financial Group in the fourth quarter worth $27,000. Stephens Consulting LLC bought a new position in shares of Jefferies Financial Group in the fourth quarter worth $29,000. GAMMA Investing LLC increased its holdings in shares of Jefferies Financial Group by 158.3% in the fourth quarter. GAMMA Investing LLC now owns 514 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 315 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Jefferies Financial Group in the third quarter worth $32,000. Institutional investors own 60.88% of the company’s stock.

Jefferies Financial Group Stock Up 4.0 %

JEF opened at $56.42 on Friday. The stock has a market cap of $11.63 billion, a PE ratio of 18.93 and a beta of 1.37. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.57. Jefferies Financial Group Inc. has a 52 week low of $40.72 and a 52 week high of $82.68. The business’s fifty day simple moving average is $70.02 and its 200 day simple moving average is $69.36.

Jefferies Financial Group (NYSE:JEF) last posted its quarterly earnings results on Wednesday, January 8th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.06). Jefferies Financial Group had a net margin of 10.57% and a return on equity of 7.92%. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the previous year, the company earned $0.30 earnings per share. The business’s quarterly revenue was up 63.4% on a year-over-year basis. As a group, research analysts expect that Jefferies Financial Group Inc. will post 4.41 earnings per share for the current fiscal year.

Jefferies Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Friday, February 14th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.84%. This is a positive change from Jefferies Financial Group’s previous quarterly dividend of $0.35. The ex-dividend date was Friday, February 14th. Jefferies Financial Group’s dividend payout ratio is presently 53.69%.

Analysts Set New Price Targets

JEF has been the topic of several research analyst reports. Oppenheimer decreased their price target on shares of Jefferies Financial Group from $82.00 to $81.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. The Goldman Sachs Group set a $75.00 target price on Jefferies Financial Group in a research note on Wednesday, March 5th. Finally, Morgan Stanley reduced their target price on Jefferies Financial Group from $92.00 to $81.00 and set an “overweight” rating on the stock in a research note on Thursday.

Jefferies Financial Group Company 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.