Evelyn Partners Investment Management LLP Reduces Stock Holdings in Jefferies Financial Group Inc. $JEF

Evelyn Partners Investment Management LLP reduced its position in shares of Jefferies Financial Group Inc. (NYSE:JEF) by 34.2% in the fourth quarter, HoldingsChannel reports. The firm owned 17,596 shares of the financial services provider’s stock after selling 9,145 shares during the quarter. Evelyn Partners Investment Management LLP’s holdings in Jefferies Financial Group were worth $1,090,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in JEF. Bison Wealth LLC bought a new stake in Jefferies Financial Group during the fourth quarter valued at approximately $224,000. Arrowstreet Capital Limited Partnership bought a new position in Jefferies Financial Group in the second quarter worth approximately $3,325,000. EverSource Wealth Advisors LLC boosted its stake 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 during the last quarter. Amundi grew its position in shares of Jefferies Financial Group by 8.6% during the 2nd quarter. Amundi now owns 226,025 shares of the financial services provider’s stock valued at $12,798,000 after acquiring an additional 17,935 shares during the period. Finally, NewEdge Advisors LLC grew its position in shares of Jefferies Financial Group by 11.8% during the 2nd quarter. NewEdge Advisors LLC now owns 25,970 shares of the financial services provider’s stock valued at $1,420,000 after acquiring an additional 2,751 shares during the period. Hedge funds and other institutional investors own 60.88% of the company’s stock.

Jefferies Financial Group Trading Down 0.1%

Shares of JEF stock opened at $61.60 on Monday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a fifty day simple moving average of $50.41 and a two-hundred day simple moving average of $53.12. The firm has a market capitalization of $12.59 billion, a PE ratio of 20.81 and a beta of 1.54. Jefferies Financial Group Inc. has a 52-week low of $35.53 and a 52-week high of $71.04.

Jefferies Financial Group (NYSE:JEF) last announced its quarterly earnings data on Wednesday, March 25th. The financial services provider reported $0.70 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.19). The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Jefferies Financial Group had a net margin of 6.61% and a return on equity of 7.83%. Jefferies Financial Group’s revenue was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 earnings per share. On average, analysts predict that Jefferies Financial Group Inc. will post 3.86 EPS for the current fiscal year.

Jefferies Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.60 dividend on an annualized basis and a yield of 2.6%. Jefferies Financial Group’s payout ratio is currently 54.05%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Zacks Research raised Jefferies Financial Group from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. Morgan Stanley boosted their price target on Jefferies Financial Group from $44.00 to $50.00 and gave the company an “equal weight” rating in a report on Tuesday, June 9th. BMO Capital Markets raised their price objective on Jefferies Financial Group from $42.00 to $60.00 and gave the stock a “market perform” rating in a research note on Monday, June 8th. Loop Capital set a $60.00 price objective on Jefferies Financial Group in a research report on Monday, June 8th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Jefferies Financial Group in a research note on Friday, June 5th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $62.38.

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.