Creative Planning increased its position in shares of Jefferies Financial Group Inc. (NYSE:JEF – Free Report) by 34.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,948 shares of the financial services provider’s stock after buying an additional 4,351 shares during the quarter. Creative Planning’s holdings in Jefferies Financial Group were worth $562,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of JEF. HighTower Advisors LLC lifted its stake in Jefferies Financial Group by 7.8% in the 1st quarter. HighTower Advisors LLC now owns 46,910 shares of the financial services provider’s stock valued at $1,541,000 after acquiring an additional 3,383 shares in the last quarter. Citigroup Inc. raised its stake in shares of Jefferies Financial Group by 5.5% during the 1st quarter. Citigroup Inc. now owns 132,567 shares of the financial services provider’s stock worth $4,355,000 after purchasing an additional 6,890 shares in the last quarter. Natixis Advisors L.P. raised its stake in shares of Jefferies Financial Group by 14.0% during the 1st quarter. Natixis Advisors L.P. now owns 14,518 shares of the financial services provider’s stock worth $477,000 after purchasing an additional 1,785 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Jefferies Financial Group by 8.9% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 70,910 shares of the financial services provider’s stock worth $2,329,000 after purchasing an additional 5,778 shares in the last quarter. Finally, BlackRock Inc. raised its stake in shares of Jefferies Financial Group by 1.3% during the 1st 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. Institutional investors and hedge funds own 70.80% of the company’s stock.
Jefferies Financial Group Stock Performance
Shares of NYSE JEF opened at $32.65 on Thursday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.95 and a quick ratio of 0.95. The stock’s fifty day moving average price is $35.72 and its two-hundred day moving average price is $33.62. Jefferies Financial Group Inc. has a one year low of $28.34 and a one year high of $40.80. The firm has a market cap of $6.87 billion, a price-to-earnings ratio of 23.66 and a beta of 1.40.
Jefferies Financial Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Monday, November 13th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.68%. The ex-dividend date is Thursday, November 9th. Jefferies Financial Group’s dividend payout ratio (DPR) is currently 86.96%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the company. Morgan Stanley upgraded Jefferies Financial Group from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $27.00 to $36.00 in a research note on Wednesday, July 12th. TheStreet upgraded Jefferies Financial Group from a “c+” rating to a “b-” rating in a research note on Monday, July 17th. The Goldman Sachs Group upgraded Jefferies Financial Group from a “buy” rating to a “conviction-buy” rating in a research note on Tuesday, September 5th. StockNews.com upgraded Jefferies Financial Group from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Oppenheimer increased their price target on Jefferies Financial Group from $39.00 to $43.00 and gave the company an “outperform” rating in a research note on Wednesday, September 6th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Jefferies Financial Group presently has an average rating of “Moderate Buy” and a consensus price target of $39.00.
Get Our Latest Report on Jefferies Financial Group
Insider Transactions at Jefferies Financial Group
In other news, Chairman Joseph S. Steinberg sold 134,217 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $35.79, for a total transaction of $4,803,626.43. Following the sale, the chairman now directly owns 15,744,184 shares of the company’s stock, valued at approximately $563,484,345.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Chairman Joseph S. Steinberg sold 134,217 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $35.79, for a total transaction of $4,803,626.43. Following the completion of the sale, the chairman now directly owns 15,744,184 shares in the company, valued at approximately $563,484,345.36. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Joseph S. Steinberg sold 225,311 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $35.87, for a total value of $8,081,905.57. Following the sale, the chairman now owns 16,225,385 shares of the company’s stock, valued at $582,004,559.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 578,320 shares of company stock valued at $20,948,017. 20.10% of the stock is owned by corporate insiders.
Jefferies Financial Group Company Profile
Jefferies Financial Group Inc engages in the investment banking and capital markets, and asset management businesses in the Americas, Europe, the Middle East, and Asia. 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, restructurings or recapitalizations and private capital advisory transactions; equity and debt underwriting; and corporate lending.
Featured Articles
- Five stocks we like better than Jefferies Financial Group
- What is a Bond Market Holiday? How to Invest and Trade
- Dollar Tree Won’t Be Trading At a Discount For Much Longer
- How to Invest in the Best Canadian Stocks
- ASML Holding is a Great Buy but at a Cheaper Price
- Investing in Blue-Chip Stocks
- Oversold and Overextended, Abbott Laboratories is a Great Buy
Want to see what other hedge funds are holding JEF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jefferies Financial Group Inc. (NYSE:JEF – Free Report).
Receive News & Ratings for Jefferies Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jefferies Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.
