Jefferies Financial Group Inc. (NYSE:JEF) Shares Acquired by Truist Financial Corp

Truist Financial Corp grew its holdings in Jefferies Financial Group Inc. (NYSE:JEF) by 25.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,118 shares of the financial services provider’s stock after buying an additional 1,230 shares during the period. Truist Financial Corp’s holdings in Jefferies Financial Group were worth $480,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of JEF. Massachusetts Mutual Life Insurance Co. acquired a new stake in shares of Jefferies Financial Group in the third quarter valued at about $286,476,000. FMR LLC increased its position in Jefferies Financial Group by 782.5% during the third quarter. FMR LLC now owns 3,286,958 shares of the financial services provider’s stock worth $202,312,000 after purchasing an additional 2,914,504 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Jefferies Financial Group by 157.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 802,366 shares of the financial services provider’s stock worth $62,905,000 after purchasing an additional 490,389 shares during the last quarter. Fisher Asset Management LLC increased its position in Jefferies Financial Group by 95.7% during the third quarter. Fisher Asset Management LLC now owns 780,877 shares of the financial services provider’s stock worth $48,063,000 after purchasing an additional 381,893 shares during the last quarter. Finally, Barclays PLC increased its position in Jefferies Financial Group by 20.6% during the third quarter. Barclays PLC now owns 2,014,387 shares of the financial services provider’s stock worth $123,987,000 after purchasing an additional 344,409 shares during the last quarter. 60.88% of the stock is currently owned by institutional investors and hedge funds.

Jefferies Financial Group Trading Down 3.7 %

Shares of JEF stock opened at $63.78 on Tuesday. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $13.15 billion, a PE ratio of 21.40 and a beta of 1.34. The company has a 50-day moving average of $74.08 and a two-hundred day moving average of $69.60. Jefferies Financial Group Inc. has a 1-year low of $40.72 and a 1-year high of $82.68.

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

Jefferies Financial Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Friday, February 14th were paid a $0.40 dividend. This is a positive change from Jefferies Financial Group’s previous quarterly dividend of $0.35. The ex-dividend date was Friday, February 14th. This represents a $1.60 annualized dividend and a dividend yield of 2.51%. Jefferies Financial Group’s dividend payout ratio (DPR) is presently 53.69%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on JEF shares. Oppenheimer cut their price objective on shares of Jefferies Financial Group from $82.00 to $81.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Morgan Stanley raised shares of Jefferies Financial Group from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $67.00 to $97.00 in a research note on Monday, December 9th.

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.