Qsemble Capital Management LP Purchases 683 Shares of Jefferies Financial Group Inc. (NYSE:JEF)

Qsemble Capital Management LP raised its position in shares of Jefferies Financial Group Inc. (NYSE:JEF) by 2.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,648 shares of the financial services provider’s stock after purchasing an additional 683 shares during the period. Qsemble Capital Management LP’s holdings in Jefferies Financial Group were worth $1,426,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. American Century Companies Inc. raised its position in shares of Jefferies Financial Group by 42.4% in the 2nd quarter. American Century Companies Inc. now owns 221,396 shares of the financial services provider’s stock worth $11,017,000 after acquiring an additional 65,962 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in shares of Jefferies Financial Group in the 2nd quarter worth $80,000. Texas Permanent School Fund Corp raised its position in shares of Jefferies Financial Group by 29.9% in the 2nd quarter. Texas Permanent School Fund Corp now owns 192,825 shares of the financial services provider’s stock worth $9,595,000 after acquiring an additional 44,437 shares in the last quarter. United Services Automobile Association raised its position in shares of Jefferies Financial Group by 2.0% in the 2nd quarter. United Services Automobile Association now owns 13,219 shares of the financial services provider’s stock worth $658,000 after acquiring an additional 264 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Jefferies Financial Group in the 2nd quarter worth $48,000. 60.88% of the stock is owned by institutional investors.

Jefferies Financial Group Trading Up 2.1 %

Shares of NYSE:JEF opened at $57.57 on Friday. The business’s 50-day moving average is $56.09 and its 200 day moving average is $48.72. Jefferies Financial Group Inc. has a 1 year low of $31.38 and a 1 year high of $59.97. The firm has a market capitalization of $11.83 billion, a P/E ratio of 31.81 and a beta of 1.32. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.91.

Jefferies Financial Group (NYSE:JEF) last announced its earnings results on Wednesday, June 26th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.01. Jefferies Financial Group had a return on equity of 5.37% and a net margin of 7.82%. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the company posted $0.29 EPS. The firm’s quarterly revenue was up 59.6% compared to the same quarter last year. On average, research analysts predict that Jefferies Financial Group Inc. will post 3.27 earnings per share for the current fiscal year.

Jefferies Financial Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.43%. The ex-dividend date was Monday, August 19th. This is an increase from Jefferies Financial Group’s previous quarterly dividend of $0.30. Jefferies Financial Group’s payout ratio is presently 77.35%.

Wall Street Analyst Weigh In

JEF has been the subject of several recent research reports. StockNews.com lowered Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, June 21st. Oppenheimer upped their target price on Jefferies Financial Group from $56.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, June 14th. Finally, Morgan Stanley upped their target price on Jefferies Financial Group from $44.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd.

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.