Jefferies Financial Group Inc. (NYSE:JEF) Shares Acquired by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC boosted its position in Jefferies Financial Group Inc. (NYSE:JEF) by 12.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,396,255 shares of the financial services provider’s stock after acquiring an additional 389,385 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 1.65% of Jefferies Financial Group worth $168,998,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Jefferies Financial Group in the 4th quarter valued at about $88,852,000. PNC Financial Services Group Inc. increased its position in shares of Jefferies Financial Group by 1.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 78,222 shares of the financial services provider’s stock worth $3,161,000 after acquiring an additional 1,090 shares in the last quarter. Coldstream Capital Management Inc. increased its position in shares of Jefferies Financial Group by 29.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 9,384 shares of the financial services provider’s stock worth $379,000 after acquiring an additional 2,142 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Jefferies Financial Group by 49.4% in the 4th quarter. Wells Fargo & Company MN now owns 262,379 shares of the financial services provider’s stock valued at $10,603,000 after acquiring an additional 86,700 shares during the period. Finally, Corient Private Wealth LLC lifted its holdings in shares of Jefferies Financial Group by 0.4% during the 4th quarter. Corient Private Wealth LLC now owns 102,662 shares of the financial services provider’s stock valued at $4,149,000 after acquiring an additional 455 shares in the last quarter. Hedge funds and other institutional investors own 60.88% of the company’s stock.

Jefferies Financial Group Stock Down 0.4 %

Shares of Jefferies Financial Group stock opened at $62.07 on Friday. Jefferies Financial Group Inc. has a 1-year low of $31.38 and a 1-year high of $62.67. The company has a market capitalization of $12.75 billion, a PE ratio of 34.29 and a beta of 1.32. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.91. The business has a 50-day moving average of $57.12 and a 200-day moving average of $49.56.

Jefferies Financial Group (NYSE:JEF) last issued its quarterly earnings data on Wednesday, June 26th. The financial services provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 59.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 EPS. As a group, equities analysts forecast that Jefferies Financial Group Inc. will post 3.27 EPS for the current fiscal year.

Jefferies Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.26%. This is an increase from Jefferies Financial Group’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, August 19th. Jefferies Financial Group’s dividend payout ratio is 77.35%.

Analyst Ratings Changes

Several research analysts have commented on JEF shares. Oppenheimer raised their price objective on Jefferies Financial Group from $64.00 to $66.00 and gave the company an “outperform” rating in a research report on Friday, September 13th. StockNews.com downgraded Jefferies Financial Group from a “buy” rating to a “hold” rating in a report on Friday, June 21st. Morgan Stanley upped their price target on Jefferies Financial Group from $44.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. Finally, UBS Group assumed coverage on shares of Jefferies Financial Group in a research note on Tuesday, September 17th. They set a “buy” rating and a $67.00 price objective on the stock.

Insiders Place Their Bets

In related news, Director Mitsui Financial Grou Sumitomo bought 9,247,081 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were acquired at an average price of $59.67 per share, for a total transaction of $551,773,323.27. Following the purchase, the director now owns 9,247,081 shares in the company, valued at approximately $551,773,323.27. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 20.40% of the stock is owned by company insiders.

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.