Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of Jefferies Financial Group Inc (NYSE:JEF) by 10.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 804,814 shares of the financial services provider’s stock after purchasing an additional 75,240 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned 0.24% of Jefferies Financial Group worth $17,674,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Wells Fargo & Company MN purchased a new position in Jefferies Financial Group during the 2nd quarter valued at about $12,917,000. Great West Life Assurance Co. Can purchased a new position in Jefferies Financial Group during the 2nd quarter valued at about $134,713,000. Janus Henderson Group PLC purchased a new position in Jefferies Financial Group during the 2nd quarter valued at about $2,871,000. Raymond James & Associates purchased a new position in Jefferies Financial Group during the 2nd quarter valued at about $6,278,000. Finally, Philadelphia Trust Co. purchased a new position in Jefferies Financial Group during the 2nd quarter valued at about $10,825,000. 73.97% of the stock is owned by hedge funds and other institutional investors.
Shares of Jefferies Financial Group stock opened at $21.99 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a market cap of $7.12 billion, a P/E ratio of 13.33 and a beta of 1.02. Jefferies Financial Group Inc has a 12 month low of $19.60 and a 12 month high of $28.30.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Monday, November 19th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend is Friday, November 16th. Jefferies Financial Group’s payout ratio is presently 30.30%.
A number of equities analysts recently commented on JEF shares. Zacks Investment Research cut Jefferies Financial Group from a “buy” rating to a “hold” rating in a report on Friday, September 7th. ValuEngine upgraded Jefferies Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 25th. Finally, Keefe, Bruyette & Woods started coverage on Jefferies Financial Group in a report on Monday, August 20th. They set an “outperform” rating and a $29.00 target price for the company.
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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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