River & Mercantile Asset Management LLP reduced its position in Jefferies Financial Group Inc (NYSE:JEF) by 19.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 120,801 shares of the financial services provider’s stock after selling 28,600 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in Jefferies Financial Group were worth $2,653,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently bought and sold shares of JEF. ACR Alpine Capital Research LLC purchased a new position in Jefferies Financial Group in the third quarter worth $4,831,000. Laurion Capital Management LP raised its position in Jefferies Financial Group by 231.7% in the third quarter. Laurion Capital Management LP now owns 93,146 shares of the financial services provider’s stock worth $2,046,000 after acquiring an additional 65,068 shares in the last quarter. Evercore Wealth Management LLC raised its position in Jefferies Financial Group by 79.3% in the third quarter. Evercore Wealth Management LLC now owns 16,733 shares of the financial services provider’s stock worth $367,000 after acquiring an additional 7,400 shares in the last quarter. Elgethun Capital Management raised its position in Jefferies Financial Group by 4.3% in the third quarter. Elgethun Capital Management now owns 160,622 shares of the financial services provider’s stock worth $3,570,000 after acquiring an additional 6,606 shares in the last quarter. Finally, WEALTHFRONT Corp raised its position in Jefferies Financial Group by 68.3% in the third quarter. WEALTHFRONT Corp now owns 23,007 shares of the financial services provider’s stock worth $505,000 after acquiring an additional 9,336 shares in the last quarter. 76.98% of the stock is owned by institutional investors and hedge funds.
Several research analysts have issued reports on JEF shares. Keefe, Bruyette & Woods started coverage on Jefferies Financial Group in a research report on Monday, August 20th. They issued an “outperform” rating and a $29.00 price objective for the company. Zacks Investment Research cut Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, September 7th.
NYSE:JEF opened at $19.02 on Friday. The firm has a market capitalization of $6.32 billion, a price-to-earnings ratio of 11.53 and a beta of 1.03. 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 1 year low of $18.85 and a 1 year high of $28.30.
Jefferies Financial Group (NYSE:JEF) last released its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.03). The business 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%. As a group, sell-side analysts anticipate that Jefferies Financial Group Inc will post 1.27 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Monday, November 19th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend was Friday, November 16th. Jefferies Financial Group’s dividend payout ratio is currently 30.30%.
TRADEMARK VIOLATION WARNING: This piece was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece can be accessed at https://www.dispatchtribunal.com/2018/12/08/jefferies-financial-group-inc-jef-shares-sold-by-river-mercantile-asset-management-llp.html.
About Jefferies Financial Group
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.
Featured Story: Municipal Bonds
Want to see what other hedge funds are holding JEF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jefferies Financial Group Inc (NYSE:JEF).
Receive News & Ratings for Jefferies Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jefferies Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.