Proficio Capital Partners LLC purchased a new position in shares of Jefferies Financial Group Inc. (NYSE:JEF – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 32,771 shares of the financial services provider’s stock, valued at approximately $2,569,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. boosted its stake in Jefferies Financial Group by 925.4% in the 4th quarter. Assetmark Inc. now owns 2,584 shares of the financial services provider’s stock worth $203,000 after purchasing an additional 2,332 shares in the last quarter. Massachusetts Mutual Life Insurance Co. acquired a new stake in shares of Jefferies Financial Group during the third quarter worth $286,476,000. Friedenthal Financial purchased a new stake in shares of Jefferies Financial Group during the fourth quarter valued at $772,000. JPMorgan Chase & Co. increased its position in shares of Jefferies Financial Group by 7.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,504,513 shares of the financial services provider’s stock valued at $154,153,000 after acquiring an additional 167,270 shares during the period. Finally, Plato Investment Management Ltd purchased a new position in Jefferies Financial Group in the 4th quarter worth $788,000. Hedge funds and other institutional investors own 60.88% of the company’s stock.
Jefferies Financial Group Price Performance
Jefferies Financial Group stock opened at $58.44 on Wednesday. The company has a fifty day simple moving average of $69.13 and a 200-day simple moving average of $69.49. 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 capitalization of $12.05 billion, a price-to-earnings ratio of 19.61 and a beta of 1.37. Jefferies Financial Group Inc. has a 52-week low of $40.72 and a 52-week high of $82.68.
Jefferies Financial Group Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Friday, February 14th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Jefferies Financial Group’s previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.74%. Jefferies Financial Group’s dividend payout ratio is currently 53.69%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on JEF shares. The Goldman Sachs Group set a $75.00 target price on Jefferies Financial Group in a report on Wednesday, March 5th. Morgan Stanley decreased their price objective on shares of Jefferies Financial Group from $92.00 to $81.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Finally, Oppenheimer cut their price objective on shares of Jefferies Financial Group from $82.00 to $81.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd.
View Our Latest Analysis on JEF
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.
Recommended Stories
- Five stocks we like better than Jefferies Financial Group
- Stock Splits, Do They Really Impact Investors?
- Arqit Stock Soars as NVIDIA’s GTC Fuels Quantum Excitement
- How to Read Stock Charts for Beginners
- 3 Must-Own Stocks to Build Wealth This Decade
- Consumer Staples Stocks, Explained
- Advanced Micro Devices Eyes AI Market Growth—Is AMD a Buy?
Want to see what other hedge funds are holding JEF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jefferies Financial Group Inc. (NYSE:JEF – Free Report).
Receive News & Ratings for Jefferies Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jefferies Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.