New York State Teachers Retirement System Trims Holdings in Jefferies Financial Group Inc. (NYSE:JEF)

Posted by Defense World Staff on Apr 15th, 2023

New York State Teachers Retirement System reduced its holdings in shares of Jefferies Financial Group Inc. (NYSE:JEF – Get Rating) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 263,038 shares of the financial services provider’s stock after selling 405 shares during the quarter. New York State Teachers Retirement System owned 0.11% of Jefferies Financial Group worth $9,017,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ellevest Inc. purchased a new position in shares of Jefferies Financial Group during the 3rd quarter valued at approximately $29,000. Evermay Wealth Management LLC purchased a new position in shares of Jefferies Financial Group during the 4th quarter valued at approximately $34,000. Ronald Blue Trust Inc. boosted its stake in shares of Jefferies Financial Group by 332.2% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,556 shares of the financial services provider’s stock valued at $43,000 after buying an additional 1,196 shares during the last quarter. Guardian Wealth Advisors LLC purchased a new position in shares of Jefferies Financial Group during the 3rd quarter valued at approximately $54,000. Finally, Quadrant Capital Group LLC boosted its stake in shares of Jefferies Financial Group by 87.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,926 shares of the financial services provider’s stock valued at $57,000 after buying an additional 900 shares during the last quarter. 66.04% of the stock is currently owned by hedge funds and other institutional investors.

Jefferies Financial Group Stock Performance

JEF stock opened at $30.97 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.16 and a current ratio of 1.07. The stock has a market capitalization of $7.23 billion, a price-to-earnings ratio of 13.24 and a beta of 1.38. Jefferies Financial Group Inc. has a 1 year low of $25.88 and a 1 year high of $40.80. The stock’s fifty day moving average is $34.38 and its two-hundred day moving average is $35.15.

Jefferies Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 26th. Shareholders of record on Monday, May 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend is Friday, May 12th. Jefferies Financial Group’s payout ratio is 51.28%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. The Goldman Sachs Group cut Jefferies Financial Group from a “buy” rating to a “neutral” rating and set a $40.00 price objective on the stock. in a research note on Tuesday, January 10th. StockNews.com assumed coverage on Jefferies Financial Group in a research note on Sunday, March 26th. They set a “hold” rating on the stock. Oppenheimer reduced their price objective on Jefferies Financial Group from $42.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, April 6th. Morgan Stanley cut Jefferies Financial Group from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $28.00 to $27.00 in a research note on Wednesday. Finally, Keefe, Bruyette & Woods cut Jefferies Financial Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $38.00 to $37.00 in a research note on Wednesday, December 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $36.00.

About Jefferies Financial Group

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Jefferies Financial Group, Inc is a holding company, which engages in the provision of financial services. It operates through Investment Banking and Capital Markets, and Asset Management. The Investment Banking and Capital Markets segment provides investment banking, capital markets, and other related services.