Burgundy Asset Management Ltd. Acquires New Shares in Jefferies Financial Group Inc. $JEF

Burgundy Asset Management Ltd. bought a new stake in Jefferies Financial Group Inc. (NYSE:JEF) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 299,958 shares of the financial services provider’s stock, valued at approximately $16,405,000. Burgundy Asset Management Ltd. owned approximately 0.15% of Jefferies Financial Group at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of JEF. Elequin Capital LP lifted its holdings in shares of Jefferies Financial Group by 117.9% during the 1st quarter. Elequin Capital LP now owns 549 shares of the financial services provider’s stock valued at $29,000 after buying an additional 297 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Jefferies Financial Group by 159.3% in the second quarter. EverSource Wealth Advisors LLC now owns 892 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 548 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Jefferies Financial Group by 48.8% during the 2nd quarter. Bessemer Group Inc. now owns 912 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 299 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Jefferies Financial Group by 3,577.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 993 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 966 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Jefferies Financial Group in the 1st quarter valued at $78,000. 60.88% of the stock is owned by institutional investors and hedge funds.

Jefferies Financial Group Stock Up 0.6%

Shares of JEF opened at $59.16 on Friday. The company has a 50-day simple moving average of $56.04 and a 200-day simple moving average of $57.34. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.05 and a current ratio of 1.05. Jefferies Financial Group Inc. has a 52 week low of $39.28 and a 52 week high of $82.68. The firm has a market capitalization of $12.20 billion, a P/E ratio of 20.33 and a beta of 1.52.

Jefferies Financial Group (NYSE:JEF) last posted its quarterly earnings results on Monday, September 29th. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.22. Jefferies Financial Group had a net margin of 7.40% and a return on equity of 7.25%. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the previous year, the company earned $0.75 earnings per share. The business’s revenue was up 21.6% compared to the same quarter last year. On average, equities research analysts expect that Jefferies Financial Group Inc. will post 4.41 earnings per share for the current year.

Jefferies Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 17th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Monday, November 17th. Jefferies Financial Group’s payout ratio is presently 54.98%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. BMO Capital Markets cut their target price on Jefferies Financial Group from $69.00 to $55.00 and set a “market perform” rating on the stock in a report on Friday, October 17th. The Goldman Sachs Group lowered their price objective on Jefferies Financial Group from $84.00 to $74.00 and set a “buy” rating on the stock in a report on Tuesday, October 14th. Wall Street Zen raised Jefferies Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 20th. Morgan Stanley set a $74.00 price objective on shares of Jefferies Financial Group in a report on Wednesday, October 8th. Finally, Capital One Financial set a $55.00 target price on shares of Jefferies Financial Group in a report on Friday, October 17th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Jefferies Financial Group presently has an average rating of “Hold” and an average target price of $68.83.

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.