Bfsg LLC Cuts Stake in Jefferies Financial Group Inc. (NYSE:JEF)

Bfsg LLC lowered its stake in shares of Jefferies Financial Group Inc. (NYSE:JEF) by 13.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,356 shares of the financial services provider’s stock after selling 1,265 shares during the period. Bfsg LLC’s holdings in Jefferies Financial Group were worth $514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of JEF. Creative Planning increased its holdings in Jefferies Financial Group by 18.2% in the 3rd quarter. Creative Planning now owns 28,273 shares of the financial services provider’s stock valued at $1,740,000 after acquiring an additional 4,349 shares during the last quarter. Ritholtz Wealth Management bought a new stake in shares of Jefferies Financial Group in the third quarter worth about $229,000. UMB Bank n.a. lifted its position in shares of Jefferies Financial Group by 5.2% in the third quarter. UMB Bank n.a. now owns 8,080 shares of the financial services provider’s stock worth $497,000 after buying an additional 401 shares in the last quarter. USA Financial Formulas bought a new position in Jefferies Financial Group during the third quarter valued at approximately $346,000. Finally, Daymark Wealth Partners LLC grew its holdings in Jefferies Financial Group by 21.5% during the 3rd quarter. Daymark Wealth Partners LLC now owns 5,925 shares of the financial services provider’s stock valued at $365,000 after buying an additional 1,050 shares in the last quarter. Hedge funds and other institutional investors own 60.88% of the company’s stock.

Jefferies Financial Group Stock Up 0.9 %

NYSE JEF opened at $67.26 on Friday. Jefferies Financial Group Inc. has a 52 week low of $31.38 and a 52 week high of $67.79. The firm has a market capitalization of $13.82 billion, a price-to-earnings ratio of 37.16 and a beta of 1.32. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The company has a fifty day moving average of $60.05 and a two-hundred day moving average of $52.04.

Jefferies Financial Group (NYSE:JEF) last issued its quarterly earnings results on Wednesday, September 25th. The financial services provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.03). The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.71 billion. Jefferies Financial Group had a net margin of 9.27% and a return on equity of 6.46%. The business’s revenue for the quarter was up 42.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.32 earnings per share. On average, analysts predict that Jefferies Financial Group Inc. will post 3.13 earnings per share for the current year.

Jefferies Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 18th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Monday, November 18th. Jefferies Financial Group’s dividend payout ratio is currently 77.35%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on JEF. Morgan Stanley increased their target price on Jefferies Financial Group from $59.00 to $64.00 and gave the company an “equal weight” rating in a research report on Monday, September 23rd. StockNews.com downgraded shares of Jefferies Financial Group from a “buy” rating to a “hold” rating in a report on Friday, June 21st. UBS Group started coverage on shares of Jefferies Financial Group in a report on Tuesday, September 17th. They issued a “buy” rating and a $67.00 price target for the company. Finally, Oppenheimer boosted their price objective on Jefferies Financial Group from $64.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, September 13th.

Insider Activity at Jefferies Financial Group

In other Jefferies Financial Group news, President Brian P. Friedman sold 200,000 shares of the stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $63.09, for a total value of $12,618,000.00. Following the sale, the president now owns 604,606 shares in the company, valued at $38,144,592.54. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, President Brian P. Friedman sold 200,000 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $63.09, for a total value of $12,618,000.00. Following the transaction, the president now directly owns 604,606 shares in the company, valued at approximately $38,144,592.54. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mitsui Financial Grou Sumitomo acquired 9,247,081 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were bought at an average price of $59.67 per share, with a total value of $551,773,323.27. Following the acquisition, the director now directly owns 9,247,081 shares in the company, valued at $551,773,323.27. The disclosure for this purchase can be found here. 20.40% of the stock is owned by company insiders.

Jefferies Financial Group 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.