QRG Capital Management Inc. Sells 20,732 Shares of Jefferies Financial Group Inc. $JEF

QRG Capital Management Inc. lowered its stake in shares of Jefferies Financial Group Inc. (NYSE:JEFFree Report) by 86.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,247 shares of the financial services provider’s stock after selling 20,732 shares during the period. QRG Capital Management Inc.’s holdings in Jefferies Financial Group were worth $212,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System increased its stake in Jefferies Financial Group by 0.4% in the second quarter. Louisiana State Employees Retirement System now owns 45,800 shares of the financial services provider’s stock valued at $2,505,000 after acquiring an additional 200 shares during the last quarter. State of Michigan Retirement System increased its position in shares of Jefferies Financial Group by 0.5% during the 2nd quarter. State of Michigan Retirement System now owns 39,216 shares of the financial services provider’s stock valued at $2,145,000 after purchasing an additional 200 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Jefferies Financial Group by 3.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,580 shares of the financial services provider’s stock valued at $415,000 after buying an additional 224 shares in the last quarter. HB Wealth Management LLC lifted its position in Jefferies Financial Group by 4.6% in the 2nd quarter. HB Wealth Management LLC now owns 6,188 shares of the financial services provider’s stock worth $338,000 after buying an additional 270 shares during the last quarter. Finally, ProShare Advisors LLC boosted its stake in Jefferies Financial Group by 4.2% in the second quarter. ProShare Advisors LLC now owns 7,225 shares of the financial services provider’s stock worth $395,000 after buying an additional 289 shares in the last quarter. 60.88% of the stock is currently owned by hedge funds and other institutional investors.

Jefferies Financial Group Trading Down 1.7%

Shares of JEF opened at $62.25 on Monday. The stock has a market capitalization of $12.84 billion, a P/E ratio of 22.00 and a beta of 1.51. Jefferies Financial Group Inc. has a twelve month low of $39.28 and a twelve month high of $77.83. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.76. The firm has a fifty day simple moving average of $60.66 and a two-hundred day simple moving average of $59.82.

Jefferies Financial Group (NYSE:JEFGet Free Report) last issued its quarterly earnings data on Wednesday, January 7th. The financial services provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.83 by $0.13. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.01 billion. Jefferies Financial Group had a net margin of 6.56% and a return on equity of 7.31%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 earnings per share. On average, research analysts anticipate that Jefferies Financial Group Inc. will post 4.41 EPS for the current year.

Jefferies Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $1.60 dividend on an annualized basis and a yield of 2.6%. Jefferies Financial Group’s dividend payout ratio is presently 56.54%.

Wall Street Analysts Forecast Growth

Several research firms have commented on JEF. Weiss Ratings reissued a “hold (c-)” rating on shares of Jefferies Financial Group in a research note on Monday, December 29th. Capital One Financial set a $55.00 target price on shares of Jefferies Financial Group in a research report on Friday, October 17th. Oppenheimer boosted their price target on shares of Jefferies Financial Group from $81.00 to $97.00 and gave the stock an “outperform” rating in a research note on Thursday, December 11th. Zacks Research cut Jefferies Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. Finally, BMO Capital Markets lowered their target price on Jefferies Financial Group from $69.00 to $55.00 and set a “market perform” rating for the company in a research note on Friday, October 17th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Jefferies Financial Group has a consensus rating of “Moderate Buy” and an average price target of $72.71.

View Our Latest Stock Report on Jefferies Financial Group

Key Jefferies Financial Group News

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Jefferies Financial Group Company Profile

(Free Report)

Jefferies Financial Group Inc is a diversified financial services company that provides a range of investment banking, capital markets and asset management services to corporations, governments and institutional investors worldwide. Through its core platform, Jefferies offers advisory services for mergers and acquisitions, debt and equity underwriting, restructuring and recapitalization. The firm also operates a global sales and trading business covering equities, fixed income and foreign exchange products, complemented by equity research and macroeconomic analysis.

In addition to its capital markets franchise, Jefferies maintains a growing asset management division that delivers customized investment solutions across public and private markets.

Further Reading

Want to see what other hedge funds are holding JEF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jefferies Financial Group Inc. (NYSE:JEFFree Report).

Institutional Ownership by Quarter for Jefferies Financial Group (NYSE:JEF)

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