Shares of Jefferies Financial Group Inc. (NYSE:JEF – Get Free Report) gapped down before the market opened on Thursday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $55.92, but opened at $53.50. Jefferies Financial Group shares last traded at $54.54, with a volume of 540,861 shares changing hands.
The financial services provider reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.04). The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. Jefferies Financial Group had a return on equity of 6.62% and a net margin of 7.70%. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.64 EPS.
Jefferies Financial Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Monday, August 18th. Jefferies Financial Group’s dividend payout ratio is 55.36%.
Wall Street Analyst Weigh In
Get Our Latest Stock Analysis on Jefferies Financial Group
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Strs Ohio acquired a new stake in shares of Jefferies Financial Group in the first quarter valued at approximately $21,893,000. Intech Investment Management LLC increased its holdings in shares of Jefferies Financial Group by 63.8% in the first quarter. Intech Investment Management LLC now owns 320,523 shares of the financial services provider’s stock valued at $17,170,000 after purchasing an additional 124,853 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in shares of Jefferies Financial Group in the first quarter valued at approximately $290,000. Caxton Associates LLP acquired a new stake in Jefferies Financial Group during the 1st quarter worth $2,052,000. Finally, Sciencast Management LP acquired a new stake in Jefferies Financial Group during the 1st quarter worth $267,000. Institutional investors and hedge funds own 60.88% of the company’s stock.
Jefferies Financial Group Stock Down 0.4%
The business’s fifty day simple moving average is $50.55 and its 200 day simple moving average is $60.73. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.68. The stock has a market cap of $11.52 billion, a price-to-earnings ratio of 21.07 and a beta of 1.45.
Jefferies Financial Group Company 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.
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