Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Jefferies Financial Group Inc (NYSE:JEF) in the third quarter, HoldingsChannel.com reports. The fund purchased 55,136 shares of the financial services provider’s stock, valued at approximately $1,211,000.
Several other large investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. purchased a new position in shares of Jefferies Financial Group during the 2nd quarter valued at approximately $106,000. Victory Capital Management Inc. purchased a new position in shares of Jefferies Financial Group during the 2nd quarter valued at approximately $108,000. Palo Capital Inc. purchased a new position in shares of Jefferies Financial Group during the 3rd quarter valued at approximately $108,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Jefferies Financial Group during the 2nd quarter valued at approximately $109,000. Finally, Summit Trail Advisors LLC purchased a new position in shares of Jefferies Financial Group during the 2nd quarter valued at approximately $114,000. 76.98% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE JEF opened at $20.11 on Thursday. The firm has a market capitalization of $6.50 billion, a P/E ratio of 12.19 and a beta of 1.03. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.97. Jefferies Financial Group Inc has a one year low of $19.60 and a one year high of $28.30.
Jefferies Financial Group (NYSE:JEF) last issued its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.03). The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $869.80 million. Jefferies Financial Group had a return on equity of 5.07% and a net margin of 10.07%. Equities research analysts expect that Jefferies Financial Group Inc will post 1.27 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Monday, November 19th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend was Friday, November 16th. Jefferies Financial Group’s payout ratio is presently 30.30%.
JEF has been the subject of several recent research reports. Zacks Investment Research raised shares of Jefferies Financial Group from a “sell” rating to a “hold” rating in a report on Thursday. Keefe, Bruyette & Woods began coverage on shares of Jefferies Financial Group in a report on Monday, August 20th. They issued an “outperform” rating and a $29.00 price target for the company.
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Jefferies Financial Group 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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