Teachers Retirement System of The State of Kentucky reduced its stake in shares of Jefferies Financial Group Inc (NYSE:JEF) by 16.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,300 shares of the financial services provider’s stock after selling 5,500 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Jefferies Financial Group were worth $621,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. purchased a new stake in shares of Jefferies Financial Group during the 2nd quarter worth $106,000. Victory Capital Management Inc. purchased a new stake in shares of Jefferies Financial Group during the 2nd quarter worth $108,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of Jefferies Financial Group during the 2nd quarter worth $109,000. Palo Capital Inc. purchased a new stake in shares of Jefferies Financial Group during the 3rd quarter worth $108,000. Finally, Summit Trail Advisors LLC purchased a new stake in shares of Jefferies Financial Group during the 2nd quarter worth $114,000. Hedge funds and other institutional investors own 76.98% of the company’s stock.
Jefferies Financial Group stock opened at $20.11 on Thursday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.57 and a quick ratio of 0.57. Jefferies Financial Group Inc has a one year low of $19.60 and a one year high of $28.30. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 12.19 and a beta of 1.03.
Jefferies Financial Group (NYSE:JEF) last released its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). Jefferies Financial Group had a net margin of 10.07% and a return on equity of 5.07%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $869.80 million. As a group, equities analysts predict that Jefferies Financial Group Inc will post 1.27 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Monday, November 19th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date was Friday, November 16th. Jefferies Financial Group’s dividend payout ratio (DPR) is presently 30.30%.
A number of equities research analysts recently weighed in on JEF shares. Zacks Investment Research cut Jefferies Financial Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 10th. Keefe, Bruyette & Woods started coverage on Jefferies Financial Group in a research note on Monday, August 20th. They set an “outperform” rating and a $29.00 price objective for the company.
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Jefferies Financial Group Company Profile
Jefferies Financial Group Inc, a financial services company, offers a range of products and services in investment banking, equities, fixed income, and wealth management in the Americas, Europe, and Asia. It engages in the debt capital market, equity capital market, merger and acquisition, private capital advisory, and restructuring and recapitalization businesses.
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