Jefferies Financial Group Inc. (NYSE:JEF) Shares Sold by 1900 Wealth Management LLC

1900 Wealth Management LLC reduced its stake in Jefferies Financial Group Inc. (NYSE:JEF) by 15.0% during the 4th quarter, Holdings Channel reports. The fund owned 9,578 shares of the financial services provider’s stock after selling 1,690 shares during the quarter. 1900 Wealth Management LLC’s holdings in Jefferies Financial Group were worth $387,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of JEF. Naples Money Management LLC purchased a new position in Jefferies Financial Group in the fourth quarter valued at $29,000. Washington Trust Advisors Inc. purchased a new position in Jefferies Financial Group in the third quarter valued at $45,000. Allworth Financial LP increased its holdings in Jefferies Financial Group by 56.6% in the fourth quarter. Allworth Financial LP now owns 1,126 shares of the financial services provider’s stock valued at $46,000 after buying an additional 407 shares during the last quarter. Ronald Blue Trust Inc. grew its holdings in shares of Jefferies Financial Group by 175.7% during the third quarter. Ronald Blue Trust Inc. now owns 1,362 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 868 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of Jefferies Financial Group by 16.1% during the third quarter. Fifth Third Bancorp now owns 2,573 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 356 shares during the last quarter. Hedge funds and other institutional investors own 60.88% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on JEF shares. StockNews.com lowered Jefferies Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, April 13th. Oppenheimer raised their price target on Jefferies Financial Group from $52.00 to $54.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Jefferies Financial Group has a consensus rating of “Moderate Buy” and a consensus target price of $43.33.

Jefferies Financial Group Stock Performance

NYSE:JEF traded up $0.84 during mid-day trading on Tuesday, reaching $44.37. The stock had a trading volume of 215,077 shares, compared to its average volume of 1,043,166. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $9.41 billion, a price-to-earnings ratio of 35.68 and a beta of 1.37. Jefferies Financial Group Inc. has a twelve month low of $28.81 and a twelve month high of $47.39. The business has a 50 day simple moving average of $42.87 and a 200 day simple moving average of $39.11.

Jefferies Financial Group (NYSE:JEF) last posted its quarterly earnings results on Wednesday, March 27th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. Jefferies Financial Group had a net margin of 5.90% and a return on equity of 4.41%. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period last year, the firm earned $0.55 EPS. The company’s revenue for the quarter was up 35.4% on a year-over-year basis. On average, analysts expect that Jefferies Financial Group Inc. will post 3.38 earnings per share for the current fiscal year.

Jefferies Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Monday, May 20th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, May 17th. This represents a $1.20 annualized dividend and a dividend yield of 2.70%. Jefferies Financial Group’s dividend payout ratio is currently 98.36%.

Jefferies Financial Group 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.