Jefferies Financial Group Inc. (NYSE:JEF) Shares Bought by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. grew its position in Jefferies Financial Group Inc. (NYSE:JEF) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,067,647 shares of the financial services provider’s stock after purchasing an additional 15,678 shares during the period. Burgundy Asset Management Ltd. owned approximately 0.52% of Jefferies Financial Group worth $53,126,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Rothschild Investment LLC acquired a new position in Jefferies Financial Group during the second quarter valued at approximately $25,000. Massmutual Trust Co. FSB ADV raised its stake in shares of Jefferies Financial Group by 75.7% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 520 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 224 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Jefferies Financial Group by 1,993.8% during the 2nd quarter. Versant Capital Management Inc now owns 670 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 638 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Jefferies Financial Group during the 2nd quarter worth $48,000. Finally, Daiwa Securities Group Inc. acquired a new stake in Jefferies Financial Group in the 2nd quarter valued at $80,000. 60.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on JEF shares. Morgan Stanley boosted their price objective on Jefferies Financial Group from $44.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. StockNews.com lowered Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, June 21st. UBS Group started coverage on shares of Jefferies Financial Group in a research report on Tuesday. They issued a “buy” rating and a $67.00 price objective for the company. Finally, Oppenheimer boosted their target price on shares of Jefferies Financial Group from $64.00 to $66.00 and gave the stock an “outperform” rating in a research report on Friday, September 13th.

Jefferies Financial Group Stock Down 0.1 %

Shares of NYSE JEF opened at $60.77 on Thursday. 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 1 year low of $31.38 and a 1 year high of $62.04. The stock’s 50-day simple moving average is $56.61 and its 200-day simple moving average is $49.20. The firm has a market cap of $12.49 billion, a price-to-earnings ratio of 33.57 and a beta of 1.32.

Jefferies Financial Group (NYSE:JEF) last posted its quarterly earnings data on Wednesday, June 26th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.01. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.59 billion. Jefferies Financial Group had a return on equity of 5.37% and a net margin of 7.82%. Jefferies Financial Group’s revenue for the quarter was up 59.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 EPS. As a group, equities analysts anticipate that Jefferies Financial Group Inc. will post 3.27 earnings per share for the current fiscal year.

Jefferies Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were issued a $0.35 dividend. The ex-dividend date of this dividend was Monday, August 19th. This is a boost from Jefferies Financial Group’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a yield of 2.30%. Jefferies Financial Group’s dividend payout ratio is currently 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.