2,850 Shares in Jefferies Financial Group Inc. (NYSE:JEF) Bought by Eagle Ridge Investment Management

Eagle Ridge Investment Management bought a new position in shares of Jefferies Financial Group Inc. (NYSE:JEF) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,850 shares of the financial services provider’s stock, valued at approximately $223,000.

Several other large investors have also bought and sold shares of JEF. Creative Planning raised its position in shares of Jefferies Financial Group by 14.3% in the 2nd quarter. Creative Planning now owns 23,924 shares of the financial services provider’s stock worth $1,190,000 after acquiring an additional 2,995 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Jefferies Financial Group by 4.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,765 shares of the financial services provider’s stock worth $337,000 after acquiring an additional 295 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Jefferies Financial Group in the 2nd quarter worth about $1,215,000. Atomi Financial Group Inc. raised its position in shares of Jefferies Financial Group by 23.4% in the 3rd quarter. Atomi Financial Group Inc. now owns 6,660 shares of the financial services provider’s stock worth $410,000 after acquiring an additional 1,261 shares in the last quarter. Finally, Daymark Wealth Partners LLC raised its position in shares of Jefferies Financial Group by 21.5% in the 3rd quarter. Daymark Wealth Partners LLC now owns 5,925 shares of the financial services provider’s stock worth $365,000 after acquiring an additional 1,050 shares in the last quarter. 60.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Oppenheimer lowered their price objective on Jefferies Financial Group from $82.00 to $81.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Morgan Stanley raised 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 report on Monday, December 9th.

Jefferies Financial Group Stock Performance

Shares of JEF opened at $76.36 on Friday. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a 50-day moving average of $77.40 and a 200-day moving average of $67.87. The company has a market cap of $15.74 billion, a PE ratio of 25.62 and a beta of 1.34. Jefferies Financial Group Inc. has a one year low of $39.58 and a one year high of $82.68.

Jefferies Financial Group (NYSE:JEF) last issued its earnings results on Wednesday, January 8th. The financial services provider reported $0.91 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.06). The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.83 billion. Jefferies Financial Group had a net margin of 10.57% and a return on equity of 7.92%. The business’s quarterly revenue was up 63.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 earnings per share. On average, equities research analysts predict that Jefferies Financial Group Inc. will post 4.55 EPS for the current fiscal year.

Jefferies Financial Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Friday, February 14th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Jefferies Financial Group’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a dividend yield of 2.10%. Jefferies Financial Group’s dividend payout ratio (DPR) is currently 46.98%.

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.