Jefferies Financial Group Inc. (NYSE:JEF) Shares Sold by Algert Global LLC

Algert Global LLC trimmed its holdings in Jefferies Financial Group Inc. (NYSE:JEF) by 14.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 124,882 shares of the financial services provider’s stock after selling 21,583 shares during the period. Algert Global LLC owned 0.06% of Jefferies Financial Group worth $7,686,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Rothschild Investment LLC acquired a new stake in shares of Jefferies Financial Group during the 2nd quarter worth about $25,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of Jefferies Financial Group by 75.7% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 520 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 224 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Jefferies Financial Group by 1,993.8% during the 2nd quarter. Versant Capital Management Inc now owns 670 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 638 shares during the last quarter. Eastern Bank acquired a new stake in shares of Jefferies Financial Group during the 3rd quarter worth about $42,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Jefferies Financial Group during the 2nd quarter worth about $48,000. 60.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JEF has been the topic of several research analyst reports. UBS Group initiated coverage on shares of Jefferies Financial Group in a research report on Tuesday, September 17th. They issued a “buy” rating and a $67.00 target price on the stock. Morgan Stanley raised their target price on shares of Jefferies Financial Group from $59.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Monday, September 23rd. Finally, Oppenheimer raised their target price on shares of Jefferies Financial Group from $73.00 to $83.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th.

Jefferies Financial Group Trading Up 2.4 %

Shares of JEF stock opened at $78.58 on Friday. The stock has a market cap of $16.15 billion, a price-to-earnings ratio of 33.58 and a beta of 1.31. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.53. Jefferies Financial Group Inc. has a fifty-two week low of $34.34 and a fifty-two week high of $78.74. The firm’s 50 day moving average price is $66.26 and its two-hundred day moving average price is $56.83.

Jefferies Financial Group (NYSE:JEF) last posted its earnings results on Wednesday, September 25th. The financial services provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). Jefferies Financial Group had a return on equity of 6.40% and a net margin of 9.27%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the previous year, the firm posted $0.32 earnings per share. The company’s revenue for the quarter was up 42.4% on a year-over-year basis. On average, analysts anticipate that Jefferies Financial Group Inc. will post 3.13 EPS for the current year.

Jefferies Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 18th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.78%. Jefferies Financial Group’s dividend payout ratio (DPR) is presently 59.83%.

Insider Buying and Selling

In other Jefferies Financial Group news, President Brian P. Friedman sold 200,000 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $63.09, for a total transaction of $12,618,000.00. Following the completion of the sale, the president now owns 604,606 shares in the company, valued at $38,144,592.54. The trade was a 24.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert D. Beyer sold 46,200 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $64.07, for a total transaction of $2,960,034.00. Following the sale, the director now owns 100,375 shares of the company’s stock, valued at approximately $6,431,026.25. The trade was a 31.52 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,286,923 shares of company stock worth $88,999,151. Insiders own 20.40% of the company’s stock.

Jefferies Financial Group Profile

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.