By otakuyassine3@gmail.com 
Federated Hermes Inc. raised its position in Jefferies Financial Group Inc. (NYSE:JEF – Free Report) by 8.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 15,439 shares of the financial services provider’s stock after buying an additional 1,245 shares during the quarter. Federated Hermes Inc.’s holdings in Jefferies Financial Group were worth $1,210,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hemington Wealth Management increased its stake in Jefferies Financial Group by 71.8% in the fourth quarter. Hemington Wealth Management now owns 335 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 140 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of Jefferies Financial Group in the 4th quarter valued at $27,000. Stephens Consulting LLC acquired a new position in shares of Jefferies Financial Group during the 4th quarter worth $29,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Jefferies Financial Group during the 3rd quarter worth $32,000. Finally, GAMMA Investing LLC boosted its stake in Jefferies Financial Group by 158.3% in the fourth quarter. GAMMA Investing LLC now owns 514 shares of the financial services provider’s stock valued at $40,000 after buying an additional 315 shares in the last quarter. 60.88% of the stock is currently owned by institutional investors and hedge funds.
Jefferies Financial Group Trading Up 2.6 %
JEF opened at $43.89 on Tuesday. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.07 and a quick ratio of 1.07. Jefferies Financial Group Inc. has a fifty-two week low of $39.28 and a fifty-two week high of $82.68. The company’s 50 day moving average price is $58.78 and its two-hundred day moving average price is $68.17. The firm has a market capitalization of $9.05 billion, a price-to-earnings ratio of 14.73 and a beta of 1.29.
Jefferies Financial Group (NYSE:JEF – Get Free Report) last posted its quarterly earnings data on Wednesday, March 26th. The financial services provider reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.28). The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.93 billion. Jefferies Financial Group had a net margin of 10.57% and a return on equity of 7.92%. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.87 earnings per share. As a group, research analysts predict that Jefferies Financial Group Inc. will post 4.41 earnings per share for the current year.
Jefferies Financial Group Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Monday, May 19th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.65%. The ex-dividend date is Monday, May 19th. Jefferies Financial Group’s payout ratio is presently 55.36%.
Analyst Upgrades and Downgrades
Several brokerages have commented on JEF. Morgan Stanley downgraded Jefferies Financial Group from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $75.00 to $41.00 in a research note on Monday, April 7th. The Goldman Sachs Group set a $75.00 price objective on shares of Jefferies Financial Group in a research report on Wednesday, March 5th. StockNews.com lowered shares of Jefferies Financial Group from a “hold” rating to a “sell” rating in a research report on Monday, March 31st. Finally, Oppenheimer cut Jefferies Financial Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th.
View Our Latest Stock Report on Jefferies Financial Group
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.
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