BB&T Securities LLC acquired a new position in shares of Jefferies Financial Group Inc (NYSE:JEF) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 147,849 shares of the financial services provider’s stock, valued at approximately $3,362,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Envestnet Asset Management Inc. purchased a new position in shares of Jefferies Financial Group in the 2nd quarter worth about $106,000. Victory Capital Management Inc. purchased a new position in shares of Jefferies Financial Group in the 2nd quarter worth about $108,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Jefferies Financial Group in the 2nd quarter worth about $109,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Jefferies Financial Group in the 2nd quarter worth about $112,000. Finally, Smithfield Trust Co. purchased a new position in shares of Jefferies Financial Group in the 2nd quarter worth about $114,000. 74.18% of the stock is currently owned by hedge funds and other institutional investors.
JEF has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Jefferies Financial Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 13th. Keefe, Bruyette & Woods initiated coverage on shares of Jefferies Financial Group in a report on Monday, August 20th. They issued an “outperform” rating and a $29.00 price target on the stock. Finally, ValuEngine raised shares of Jefferies Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 25th.
Shares of NYSE:JEF opened at $22.89 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $7.64 billion, a P/E ratio of 14.00 and a beta of 1.16. Jefferies Financial Group Inc has a fifty-two week low of $21.61 and a fifty-two week high of $28.30.
Jefferies Financial Group (NYSE:JEF) last issued its quarterly earnings results on Thursday, July 26th. The financial services provider reported $2.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.88 by $0.15. The company had revenue of $911.15 million for the quarter, compared to the consensus estimate of $789.70 million. Jefferies Financial Group had a net margin of 7.60% and a return on equity of 4.52%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 EPS. analysts expect that Jefferies Financial Group Inc will post 1.46 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Monday, September 17th will be paid a $0.125 dividend. This is a boost from Jefferies Financial Group’s previous quarterly dividend of $0.10. This represents a $0.50 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Friday, September 14th. Jefferies Financial Group’s payout ratio is currently 24.24%.
About Jefferies Financial Group
Jefferies Financial Group Inc, a financial services company, offers a range of products and services in investment banking, equities, fixed income, and wealth management in the Americas, Europe, and Asia. It engages in the debt capital market, equity capital market, merger and acquisition, private capital advisory, and restructuring and recapitalization businesses.
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