Connective Capital Management LLC Has $237,000 Holdings in Jefferies Financial Group Inc. $JEF

Connective Capital Management LLC trimmed its holdings in shares of Jefferies Financial Group Inc. (NYSE:JEF) by 86.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,820 shares of the financial services provider’s stock after selling 24,334 shares during the quarter. Connective Capital Management LLC’s holdings in Jefferies Financial Group were worth $237,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Salomon & Ludwin LLC grew its position in shares of Jefferies Financial Group by 75.0% during the 4th quarter. Salomon & Ludwin LLC now owns 413 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 177 shares in the last quarter. Smithfield Trust Co acquired a new stake in shares of Jefferies Financial Group in the fourth quarter valued at approximately $27,000. Elyxium Wealth LLC acquired a new stake in shares of Jefferies Financial Group in the fourth quarter valued at approximately $28,000. Nvwm LLC acquired a new stake in shares of Jefferies Financial Group in the fourth quarter valued at approximately $31,000. Finally, Ramirez Asset Management Inc. bought a new stake in shares of Jefferies Financial Group in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 60.88% of the company’s stock.

Analysts Set New Price Targets

JEF has been the topic of a number of recent research reports. Loop Capital set a $60.00 price objective on Jefferies Financial Group in a research note on Monday, June 8th. BMO Capital Markets upped their target price on Jefferies Financial Group from $42.00 to $60.00 and gave the company a “market perform” rating in a research report on Monday, June 8th. UBS Group lowered Jefferies Financial Group from a “buy” rating to a “neutral” rating and increased their target price for the stock from $59.00 to $67.00 in a report on Thursday. Oppenheimer raised their price target on Jefferies Financial Group from $72.00 to $87.00 and gave the stock an “outperform” rating in a research report on Friday, June 12th. Finally, Weiss Ratings upgraded Jefferies Financial Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, June 12th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $63.38.

Jefferies Financial Group Stock Performance

Shares of NYSE:JEF opened at $62.24 on Friday. The company’s 50 day simple moving average is $52.03 and its 200 day simple moving average is $53.26. The stock has a market capitalization of $12.72 billion, a price-to-earnings ratio of 21.03 and a beta of 1.54. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.04 and a quick ratio of 1.04. Jefferies Financial Group Inc. has a 1 year low of $35.53 and a 1 year 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 firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.02 billion. Jefferies Financial Group had a net margin of 6.61% and a return on equity of 7.83%. The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.57 earnings per share. As a group, research analysts predict that Jefferies Financial Group Inc. will post 3.94 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. Stockholders of record on Monday, May 18th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.6%. Jefferies Financial Group’s payout ratio is 54.05%.

Jefferies Financial Group Company 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.