Franklin Resources Inc. raised its stake in shares of Jefferies Financial Group Inc. (NYSE:JEF – Get Rating) by 2,034.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 234,037 shares of the financial services provider’s stock after purchasing an additional 223,072 shares during the period. Franklin Resources Inc. owned 0.10% of Jefferies Financial Group worth $8,023,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vestmark Advisory Solutions Inc. grew its holdings in Jefferies Financial Group by 1.8% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 17,422 shares of the financial services provider’s stock valued at $597,000 after purchasing an additional 300 shares during the last quarter. Kwmg LLC grew its holdings in Jefferies Financial Group by 2.2% during the fourth quarter. Kwmg LLC now owns 15,466 shares of the financial services provider’s stock valued at $530,000 after purchasing an additional 331 shares during the last quarter. Ellevest Inc. grew its holdings in Jefferies Financial Group by 34.3% during the fourth quarter. Ellevest Inc. now owns 1,323 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 338 shares during the last quarter. Boenning & Scattergood Inc. boosted its position in shares of Jefferies Financial Group by 2.3% in the fourth quarter. Boenning & Scattergood Inc. now owns 17,566 shares of the financial services provider’s stock valued at $577,000 after acquiring an additional 400 shares during the period. Finally, Arizona State Retirement System boosted its position in shares of Jefferies Financial Group by 0.8% in the fourth quarter. Arizona State Retirement System now owns 52,475 shares of the financial services provider’s stock valued at $1,799,000 after acquiring an additional 407 shares during the period. Institutional investors and hedge funds own 66.04% of the company’s stock.
Jefferies Financial Group Stock Up 0.1 %
Shares of JEF stock opened at $30.10 on Friday. The stock has a market cap of $6.97 billion, a P/E ratio of 12.86 and a beta of 1.39. Jefferies Financial Group Inc. has a one year low of $25.88 and a one year high of $40.80. The stock has a fifty day moving average price of $30.73 and a 200 day moving average price of $34.66. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.07 and a quick ratio of 1.07.
Jefferies Financial Group Announces Dividend
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on JEF shares. Morgan Stanley cut Jefferies Financial Group from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $28.00 to $27.00 in a research report on Wednesday, April 12th. Oppenheimer reduced their price objective on Jefferies Financial Group from $42.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, April 6th. Finally, StockNews.com started coverage on Jefferies Financial Group in a research report on Thursday, May 18th. They issued a “hold” rating for the company. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $36.00.
Jefferies Financial Group Company Profile
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.
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