River & Mercantile Asset Management LLP reduced its stake in Jefferies Financial Group Inc (NYSE:JEF) by 19.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 120,801 shares of the financial services provider’s stock after selling 28,600 shares during the period. River & Mercantile Asset Management LLP’s holdings in Jefferies Financial Group were worth $2,653,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of JEF. BlackRock Inc. purchased a new stake in Jefferies Financial Group in the 2nd quarter valued at about $472,764,000. Bank of New York Mellon Corp purchased a new stake in Jefferies Financial Group during the second quarter worth about $260,247,000. Great West Life Assurance Co. Can purchased a new stake in Jefferies Financial Group during the second quarter worth about $134,713,000. Sterling Capital Management LLC purchased a new stake in Jefferies Financial Group during the second quarter worth about $99,637,000. Finally, Burgundy Asset Management Ltd. purchased a new stake in Jefferies Financial Group during the second quarter worth about $79,578,000. Hedge funds and other institutional investors own 76.98% of the company’s stock.
Shares of NYSE:JEF 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. The stock has a market cap of $6.32 billion, a price-to-earnings ratio of 11.53 and a beta of 1.03. Jefferies Financial Group Inc has a 1 year low of $18.85 and a 1 year high of $28.30.
Jefferies Financial Group (NYSE:JEF) last issued its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.03). The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $869.80 million. Jefferies Financial Group had a return on equity of 5.07% and a net margin of 10.07%. Analysts anticipate that Jefferies Financial Group Inc will post 1.27 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Monday, November 19th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, November 16th. This represents a $0.50 dividend on an annualized basis and a yield of 2.63%. Jefferies Financial Group’s dividend payout ratio (DPR) is presently 30.30%.
A number of analysts have issued reports on JEF shares. Zacks Investment Research upgraded shares of Jefferies Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday. Keefe, Bruyette & Woods started coverage on shares of Jefferies Financial Group in a research note on Monday, August 20th. They set an “outperform” rating and a $29.00 price target on the stock.
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Jefferies Financial Group Company 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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