Optimal Asset Management Inc. Purchases New Stake in Jefferies Financial Group Inc. (NYSE:JEF)

Optimal Asset Management Inc. purchased a new stake in Jefferies Financial Group Inc. (NYSE:JEF) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 14,500 shares of the financial services provider’s stock, valued at approximately $436,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Duality Advisers LP raised its stake in shares of Jefferies Financial Group by 91.0% during the first quarter. Duality Advisers LP now owns 74,786 shares of the financial services provider’s stock valued at $2,251,000 after purchasing an additional 35,623 shares during the period. Miller Howard Investments Inc. NY purchased a new stake in shares of Jefferies Financial Group during the first quarter valued at approximately $45,640,000. Russell Investments Group Ltd. raised its stake in shares of Jefferies Financial Group by 18.0% during the first quarter. Russell Investments Group Ltd. now owns 291,954 shares of the financial services provider’s stock valued at $8,807,000 after purchasing an additional 44,450 shares during the period. Schroder Investment Management Group raised its stake in shares of Jefferies Financial Group by 44.5% during the fourth quarter. Schroder Investment Management Group now owns 147,913 shares of the financial services provider’s stock valued at $3,638,000 after purchasing an additional 45,530 shares during the period. Finally, Hosking Partners LLP raised its stake in shares of Jefferies Financial Group by 19.4% during the first quarter. Hosking Partners LLP now owns 924,206 shares of the financial services provider’s stock valued at $27,819,000 after purchasing an additional 150,018 shares during the period. Institutional investors own 68.26% of the company’s stock.

JEF has been the topic of a number of analyst reports. Oppenheimer initiated coverage on shares of Jefferies Financial Group in a research note on Monday, June 28th. They set a “buy” rating and a $40.00 price objective on the stock. TheStreet raised shares of Jefferies Financial Group from a “c+” rating to a “b-” rating in a research report on Wednesday, March 24th. Finally, Zacks Investment Research downgraded shares of Jefferies Financial Group from a “hold” rating to a “sell” rating in a research report on Friday, June 25th.

JEF stock opened at $33.53 on Thursday. Jefferies Financial Group Inc. has a twelve month low of $15.99 and a twelve month high of $35.69. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.31 and a quick ratio of 2.31. The firm has a market capitalization of $8.28 billion, a P/E ratio of 5.86 and a beta of 1.47. The stock’s 50 day moving average is $32.11.

Jefferies Financial Group (NYSE:JEF) last released its quarterly earnings results on Sunday, June 27th. The financial services provider reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.40. Jefferies Financial Group had a net margin of 19.62% and a return on equity of 16.08%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.56 billion. On average, research analysts forecast that Jefferies Financial Group Inc. will post 4.09 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 27th. Shareholders of record on Monday, August 16th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend is Friday, August 13th. This is an increase from Jefferies Financial Group’s previous quarterly dividend of $0.20. Jefferies Financial Group’s payout ratio is currently 30.19%.

In other Jefferies Financial Group news, Director Melissa Weiler acquired 4,000 shares of the firm’s stock in a transaction on Monday, July 19th. The stock was purchased at an average price of $32.00 per share, with a total value of $128,000.00. Following the completion of the acquisition, the director now directly owns 4,000 shares in the company, valued at approximately $128,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 17.10% of the company’s stock.

Jefferies Financial Group Company Profile

Jefferies Financial Group Inc engages in the investment banking and capital markets, asset management, and direct investing businesses in the Americas, Europe, the Middle East, Africa, and Asia. It operates through Investment Banking and Capital Markets, Asset Management, Merchant Banking, and Corporate segments.

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Institutional Ownership by Quarter for Jefferies Financial Group (NYSE:JEF)

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