6,426 Shares in Jefferies Financial Group Inc. (NYSE:JEF) Acquired by Net Worth Advisory Group

Net Worth Advisory Group bought a new stake in shares of Jefferies Financial Group Inc. (NYSE:JEF) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 6,426 shares of the financial services provider’s stock, valued at approximately $396,000.

A number of other institutional investors also recently added to or reduced their stakes in JEF. Allspring Global Investments Holdings LLC lifted its stake in Jefferies Financial Group by 15.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 7,049,815 shares of the financial services provider’s stock valued at $350,799,000 after buying an additional 936,424 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Jefferies Financial Group by 1.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,232,280 shares of the financial services provider’s stock valued at $210,591,000 after acquiring an additional 76,327 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Jefferies Financial Group by 12.9% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,396,255 shares of the financial services provider’s stock valued at $168,998,000 after acquiring an additional 389,385 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Jefferies Financial Group by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,168,909 shares of the financial services provider’s stock worth $107,925,000 after purchasing an additional 34,295 shares during the period. Finally, Marshall Wace LLP grew its position in Jefferies Financial Group by 365.9% during the 2nd quarter. Marshall Wace LLP now owns 1,947,192 shares of the financial services provider’s stock worth $96,892,000 after purchasing an additional 1,529,218 shares in the last quarter. Institutional investors and hedge funds own 60.88% of the company’s stock.

Wall Street Analysts Forecast Growth

JEF has been the subject of a number of research analyst reports. UBS Group began coverage on Jefferies Financial Group in a report on Tuesday, September 17th. They issued a “buy” rating and a $67.00 target price for the company. Morgan Stanley increased their price objective on Jefferies Financial Group from $59.00 to $64.00 and gave the stock an “equal weight” rating in a report on Monday, September 23rd. Finally, Oppenheimer lifted 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.

Jefferies Financial Group Price Performance

Jefferies Financial Group stock opened at $66.45 on Friday. Jefferies Financial Group Inc. has a 1 year low of $31.38 and a 1 year high of $67.79. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $13.65 billion, a P/E ratio of 36.71 and a beta of 1.32. The business has a 50-day moving average of $60.28 and a 200-day moving average of $52.27.

Jefferies Financial Group (NYSE:JEF) last issued its quarterly earnings data on Wednesday, September 25th. The financial services provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.71 billion. Jefferies Financial Group had a return on equity of 6.46% and a net margin of 9.27%. The company’s revenue was up 42.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 earnings per share. On average, equities analysts anticipate that Jefferies Financial Group Inc. will post 3.13 EPS 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 $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Monday, November 18th. Jefferies Financial Group’s dividend payout ratio (DPR) is presently 77.35%.

Insider Activity

In other news, Director Mitsui Financial Grou Sumitomo purchased 9,247,081 shares of Jefferies Financial Group stock in a transaction that occurred on Thursday, September 19th. The stock was acquired at an average cost of $59.67 per share, for a total transaction of $551,773,323.27. Following the purchase, the director now directly owns 9,247,081 shares of the company’s stock, valued at $551,773,323.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, President Brian P. Friedman sold 200,000 shares of Jefferies Financial Group stock in a transaction that occurred on 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 completion of the sale, the president now directly owns 604,606 shares in the company, valued at approximately $38,144,592.54. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mitsui Financial Grou Sumitomo purchased 9,247,081 shares of Jefferies Financial Group stock in a transaction that occurred on Thursday, September 19th. The shares were bought at an average cost of $59.67 per share, for a total transaction of $551,773,323.27. Following the transaction, the director now directly owns 9,247,081 shares of the company’s stock, valued at $551,773,323.27. The disclosure for this purchase can be found here. Insiders own 20.40% of the company’s stock.

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.