New York State Teachers Retirement System decreased its holdings in shares of Jefferies Financial Group Inc (NYSE:JEF) by 8.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 467,514 shares of the financial services provider’s stock after selling 41,760 shares during the quarter. New York State Teachers Retirement System owned about 0.16% of Jefferies Financial Group worth $8,990,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Motco acquired a new stake in shares of Jefferies Financial Group during the first quarter worth $29,000. Penserra Capital Management LLC acquired a new stake in shares of Jefferies Financial Group during the first quarter worth $101,000. Advisor Group Inc. boosted its holdings in shares of Jefferies Financial Group by 63.1% during the fourth quarter. Advisor Group Inc. now owns 8,059 shares of the financial services provider’s stock worth $139,000 after purchasing an additional 3,117 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Jefferies Financial Group during the fourth quarter worth $142,000. Finally, Carroll Financial Associates Inc. acquired a new stake in shares of Jefferies Financial Group during the first quarter worth $161,000. Institutional investors and hedge funds own 74.91% of the company’s stock.
A number of research analysts recently weighed in on JEF shares. ValuEngine upgraded Jefferies Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Keefe, Bruyette & Woods started coverage on Jefferies Financial Group in a report on Thursday, July 11th. They issued a “market perform” rating and a $23.00 target price on the stock.
Shares of Jefferies Financial Group stock opened at $18.10 on Friday. Jefferies Financial Group Inc has a twelve month low of $16.20 and a twelve month high of $24.24. The stock has a market capitalization of $5.71 billion, a P/E ratio of 13.12 and a beta of 1.40. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.03. The business’s fifty day moving average price is $20.49 and its 200 day moving average price is $19.72.
Jefferies Financial Group (NYSE:JEF) last issued its earnings results on Wednesday, July 3rd. The financial services provider reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.17. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.01 billion. The company’s quarterly revenue was up 20.9% compared to the same quarter last year. As a group, sell-side analysts predict that Jefferies Financial Group Inc will post 1.34 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Monday, August 19th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Friday, August 16th. Jefferies Financial Group’s payout ratio is currently 61.73%.
Jefferies Financial Group Profile
Jefferies Financial Group Inc, a financial services company, engages in investment banking and capital markets, asset management, and direct investing businesses in the Americas, Europe, and Asia. the company also offers equities research, sales, and trading services; equity finance services comprising financing, securities lending, and other prime brokerage services; and wealth management services to high net worth individuals, their families and businesses, private equity and venture funds, and small institutions.
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