Pacer Advisors Inc. boosted its holdings in shares of Jefferies Financial Group Inc. (NYSE:JEF – Free Report) by 6.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,350 shares of the financial services provider’s stock after buying an additional 2,828 shares during the quarter. Pacer Advisors Inc.’s holdings in Jefferies Financial Group were worth $3,555,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of JEF. Bank of Montreal Can increased its holdings in shares of Jefferies Financial Group by 10.7% during the 2nd quarter. Bank of Montreal Can now owns 21,866 shares of the financial services provider’s stock valued at $1,089,000 after acquiring an additional 2,110 shares during the last quarter. Mackenzie Financial Corp grew its holdings in Jefferies Financial Group by 18.1% during the second quarter. Mackenzie Financial Corp now owns 31,619 shares of the financial services provider’s stock valued at $1,573,000 after purchasing an additional 4,851 shares during the last quarter. Creative Planning grew its holdings in Jefferies Financial Group by 14.3% during the second quarter. Creative Planning now owns 23,924 shares of the financial services provider’s stock valued at $1,190,000 after purchasing an additional 2,995 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Jefferies Financial Group by 4.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,765 shares of the financial services provider’s stock valued at $337,000 after purchasing an additional 295 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Jefferies Financial Group in the second quarter worth $1,215,000. 60.88% of the stock is currently owned by institutional investors.
Jefferies Financial Group Trading Up 1.9 %
Shares of JEF opened at $77.15 on Friday. The stock’s 50-day moving average price is $77.75 and its 200 day moving average price is $67.17. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.53. The firm has a market capitalization of $15.85 billion, a price-to-earnings ratio of 25.89 and a beta of 1.35. Jefferies Financial Group Inc. has a 12-month low of $39.58 and a 12-month high of $82.68.
Jefferies Financial Group Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.07%. This is an increase from Jefferies Financial Group’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, February 14th. Jefferies Financial Group’s dividend payout ratio (DPR) is presently 46.98%.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on JEF. Oppenheimer lowered their target price on shares of Jefferies Financial Group from $82.00 to $81.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Morgan Stanley upgraded Jefferies Financial Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $67.00 to $97.00 in a research note on Monday, December 9th.
Check Out Our Latest Report on Jefferies Financial Group
Insider Activity
In other Jefferies Financial Group news, CEO Richard B. Handler sold 400,000 shares of Jefferies Financial Group stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $72.26, for a total transaction of $28,904,000.00. Following the completion of the transaction, the chief executive officer now directly owns 14,971,288 shares of the company’s stock, valued at approximately $1,081,825,270.88. This trade represents a 2.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Brian P. Friedman sold 393,397 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $72.17, for a total transaction of $28,391,461.49. Following the completion of the sale, the president now directly owns 560,507 shares in the company, valued at approximately $40,451,790.19. The trade was a 41.24 % decrease in their position. The disclosure for this sale can be found here. 20.40% of the stock is owned by company insiders.
About Jefferies Financial Group
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.
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