Point72 DIFC Ltd Purchases New Shares in Jefferies Financial Group Inc. (NYSE:JEF)

Point72 DIFC Ltd purchased a new stake in shares of Jefferies Financial Group Inc. (NYSE:JEF) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 13,158 shares of the financial services provider’s stock, valued at approximately $810,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Cetera Advisors LLC bought a new stake in shares of Jefferies Financial Group during the 1st quarter worth approximately $267,000. Park Avenue Securities LLC lifted its stake in Jefferies Financial Group by 1.9% in the second quarter. Park Avenue Securities LLC now owns 24,963 shares of the financial services provider’s stock worth $1,242,000 after acquiring an additional 468 shares during the period. SG Americas Securities LLC lifted its position in shares of Jefferies Financial Group by 2,392.0% in the 2nd quarter. SG Americas Securities LLC now owns 58,587 shares of the financial services provider’s stock worth $2,915,000 after purchasing an additional 56,236 shares during the period. Artemis Investment Management LLP purchased a new stake in Jefferies Financial Group during the second quarter worth $58,211,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Jefferies Financial Group by 1,386.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 141,963 shares of the financial services provider’s stock worth $7,064,000 after purchasing an additional 132,414 shares during the last quarter. Hedge funds and other institutional investors own 60.88% of the company’s stock.

Jefferies Financial Group Stock Performance

Shares of JEF stock opened at $77.97 on Friday. Jefferies Financial Group Inc. has a 12-month low of $36.10 and a 12-month high of $80.53. The company has a market capitalization of $16.02 billion, a P/E ratio of 33.32 and a beta of 1.35. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.53. The business’s 50 day moving average is $69.00 and its two-hundred day moving average is $58.63.

Jefferies Financial Group (NYSE:JEF) last issued its quarterly earnings results on Wednesday, September 25th. The financial services provider reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Jefferies Financial Group had a net margin of 9.27% and a return on equity of 6.40%. The company’s quarterly revenue was up 42.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.32 earnings per share. Analysts expect that Jefferies Financial Group Inc. will post 3.13 EPS for the current fiscal year.

Jefferies Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 18th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a yield of 1.80%. Jefferies Financial Group’s payout ratio is presently 59.83%.

Insider Transactions at Jefferies Financial Group

In other news, Director Mitsui Financial Grou Sumitomo purchased 9,247,081 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was acquired at an average price of $59.67 per share, with a total value of $551,773,323.27. Following the purchase, the director now directly owns 9,247,081 shares in the company, valued at approximately $551,773,323.27. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert D. Beyer sold 46,200 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $64.07, for a total value of $2,960,034.00. Following the sale, the director now directly owns 100,375 shares of the company’s stock, valued at approximately $6,431,026.25. This trade represents a 31.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,286,923 shares of company stock worth $88,999,151 in the last ninety days. Insiders own 20.40% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Morgan Stanley increased their price target on Jefferies Financial Group from $59.00 to $64.00 and gave the company an “equal weight” rating in a research note on Monday, September 23rd. UBS Group assumed 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 on the stock. Finally, Oppenheimer lifted their price objective on Jefferies Financial Group from $73.00 to $83.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th.

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.