Alliancebernstein L.P. increased its stake in shares of Jefferies Financial Group Inc (NYSE:JEF) by 2.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 499,730 shares of the financial services provider’s stock after buying an additional 12,273 shares during the quarter. Alliancebernstein L.P. owned about 0.15% of Jefferies Financial Group worth $10,974,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Envestnet Asset Management Inc. purchased a new stake in Jefferies Financial Group in the second quarter valued at $106,000. Victory Capital Management Inc. purchased a new stake in Jefferies Financial Group in the second quarter valued at $108,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Jefferies Financial Group in the second quarter valued at $109,000. Palo Capital Inc. purchased a new stake in Jefferies Financial Group in the third quarter valued at $108,000. Finally, Summit Trail Advisors LLC purchased a new stake in Jefferies Financial Group in the second quarter valued at $114,000. 76.98% of the stock is currently owned by institutional investors.
JEF stock opened at $19.02 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.57 and a current ratio of 0.57. Jefferies Financial Group Inc has a 52-week low of $18.85 and a 52-week high of $28.30. The stock has a market cap of $6.50 billion, a PE ratio of 11.53 and a beta of 1.03.
Jefferies Financial Group (NYSE:JEF) last posted its earnings results on Thursday, October 25th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.03). Jefferies Financial Group had a return on equity of 5.07% and a net margin of 10.07%. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $869.80 million. Sell-side analysts forecast that Jefferies Financial Group Inc will post 1.27 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Monday, November 19th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend was Friday, November 16th. Jefferies Financial Group’s payout ratio is currently 30.30%.
Several equities research analysts have commented on the stock. Zacks Investment Research lowered shares of Jefferies Financial Group from a “buy” rating to a “hold” rating in a report on Friday, September 7th. Keefe, Bruyette & Woods assumed coverage on shares of Jefferies Financial Group in a research note on Monday, August 20th. They set an “outperform” rating and a $29.00 target price on the stock.
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Jefferies Financial Group Profile
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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