Truist Financial Corp Decreases Stake in Jefferies Financial Group Inc. $JEF

Truist Financial Corp cut its position in Jefferies Financial Group Inc. (NYSE:JEF) by 81.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,108 shares of the financial services provider’s stock after selling 55,729 shares during the period. Truist Financial Corp’s holdings in Jefferies Financial Group were worth $858,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of JEF. Root Financial Partners LLC purchased a new position in Jefferies Financial Group in the third quarter valued at $30,000. Chilton Capital Management LLC acquired a new position in shares of Jefferies Financial Group during the 3rd quarter worth about $36,000. EverSource Wealth Advisors LLC boosted its position in shares of Jefferies Financial Group by 159.3% during the 2nd 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 holdings in shares of Jefferies Financial Group by 48.8% in the 2nd quarter. Bessemer Group Inc. now owns 912 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 299 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its position 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 worth $54,000 after acquiring an additional 966 shares in the last quarter. 60.88% of the stock is owned by hedge funds and other institutional investors.

Jefferies Financial Group Stock Up 0.2%

Shares of NYSE:JEF opened at $60.12 on Wednesday. Jefferies Financial Group Inc. has a 1-year low of $39.28 and a 1-year high of $72.92. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market cap of $12.43 billion, a P/E ratio of 21.24 and a beta of 1.50. The firm has a fifty day moving average price of $61.77 and a 200 day moving average price of $60.17.

Jefferies Financial Group (NYSE:JEF) last announced its earnings results on Wednesday, January 7th. The financial services provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.13. Jefferies Financial Group had a net margin of 6.56% and a return on equity of 7.27%. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the prior year, the company earned $0.91 earnings per share. The business’s revenue was up 5.7% compared to the same quarter last year. Sell-side analysts predict that Jefferies Financial Group Inc. will post 4.41 EPS for the current year.

Jefferies Financial Group Announces Dividend

The business also recently disclosed 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. This represents a $1.60 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, February 17th. Jefferies Financial Group’s dividend payout ratio (DPR) is presently 56.54%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on JEF. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Jefferies Financial Group in a report on Monday, December 29th. UBS Group restated a “buy” rating on shares of Jefferies Financial Group in a research report on Tuesday, December 30th. Oppenheimer upped their target price on shares of Jefferies Financial Group from $81.00 to $97.00 and gave the company an “outperform” rating in a report on Thursday, December 11th. The Goldman Sachs Group cut their price target on shares of Jefferies Financial Group from $84.00 to $74.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. Finally, Morgan Stanley set a $78.00 price target on shares of Jefferies Financial Group and gave the company an “overweight” rating in a research report on Monday, December 8th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $72.71.

Jefferies Financial Group Profile

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.