Shell Asset Management Co. Sells 3,166 Shares of Jefferies Financial Group Inc. (NYSE:JEF)

Posted by Defense World Staff on May 5th, 2023

Shell Asset Management Co. lessened its position in shares of Jefferies Financial Group Inc. (NYSE:JEF – Get Rating) by 17.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,099 shares of the financial services provider’s stock after selling 3,166 shares during the quarter. Shell Asset Management Co.’s holdings in Jefferies Financial Group were worth $518,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Jefferies Financial Group by 1.3% during the first quarter. BlackRock Inc. now owns 18,482,896 shares of the financial services provider’s stock worth $607,163,000 after purchasing an additional 233,844 shares in the last quarter. First Trust Advisors LP raised its stake in Jefferies Financial Group by 44.6% in the first quarter. First Trust Advisors LP now owns 7,152,883 shares of the financial services provider’s stock valued at $234,972,000 after buying an additional 2,207,065 shares during the last quarter. State Street Corp boosted its holdings in Jefferies Financial Group by 0.9% in the first quarter. State Street Corp now owns 5,753,327 shares of the financial services provider’s stock worth $188,997,000 after acquiring an additional 52,336 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Jefferies Financial Group by 1.2% during the third quarter. Dimensional Fund Advisors LP now owns 4,191,649 shares of the financial services provider’s stock worth $123,652,000 after acquiring an additional 50,914 shares during the last quarter. Finally, LSV Asset Management increased its holdings in shares of Jefferies Financial Group by 0.3% during the third quarter. LSV Asset Management now owns 3,887,210 shares of the financial services provider’s stock valued at $114,673,000 after acquiring an additional 9,900 shares in the last quarter. Hedge funds and other institutional investors own 66.04% of the company’s stock.

Jefferies Financial Group Stock Down 4.1 %

Shares of JEF opened at $29.08 on Friday. The company has a market capitalization of $6.79 billion, a price-to-earnings ratio of 12.43 and a beta of 1.38. Jefferies Financial Group Inc. has a 52 week low of $25.88 and a 52 week high of $40.80. The stock’s 50-day moving average price is $32.20 and its 200-day moving average price is $35.16. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.04.

Jefferies Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 26th. Stockholders of record on Monday, May 15th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, May 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.13%. Jefferies Financial Group’s payout ratio is 51.28%.

Analysts Set New Price Targets

Several research firms have weighed in on JEF. The Goldman Sachs Group downgraded shares of Jefferies Financial Group from a “buy” rating to a “neutral” rating and set a $40.00 target price on the stock. in a research report on Tuesday, January 10th. StockNews.com assumed coverage on Jefferies Financial Group in a report on Sunday, March 26th. They set a “hold” rating for the company. Oppenheimer cut their price target on shares of Jefferies Financial Group from $42.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, April 6th. Finally, Morgan Stanley lowered shares of Jefferies Financial Group from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $28.00 to $27.00 in a research report on Wednesday, April 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Jefferies Financial Group currently has an average rating of “Hold” and an average price target of $36.00.

Jefferies Financial Group Profile

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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.

Institutional Ownership by Quarter for Jefferies Financial Group (NYSE:JEF)

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