Korea Investment CORP lessened its stake in Jefferies Financial Group Inc (NYSE:JEF) by 23.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,459 shares of the financial services provider’s stock after selling 8,200 shares during the period. Korea Investment CORP’s holdings in Jefferies Financial Group were worth $603,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the stock. Shell Asset Management Co. grew its position in shares of Jefferies Financial Group by 36.2% during the third quarter. Shell Asset Management Co. now owns 25,010 shares of the financial services provider’s stock worth $549,000 after acquiring an additional 6,649 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Jefferies Financial Group during the third quarter worth about $1,211,000. American International Group Inc. grew its position in shares of Jefferies Financial Group by 1.4% during the third quarter. American International Group Inc. now owns 182,674 shares of the financial services provider’s stock worth $4,012,000 after acquiring an additional 2,457 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Jefferies Financial Group by 2.5% during the third quarter. Alliancebernstein L.P. now owns 499,730 shares of the financial services provider’s stock worth $10,974,000 after acquiring an additional 12,273 shares during the last quarter. Finally, South Texas Money Management Ltd. bought a new position in shares of Jefferies Financial Group during the third quarter worth about $17,139,000. Institutional investors and hedge funds own 76.98% of the company’s stock.
Several equities analysts have recently commented on JEF shares. Keefe, Bruyette & Woods started coverage on shares of Jefferies Financial Group in a research report on Monday, August 20th. They set an “outperform” rating and a $29.00 price target for the company. Zacks Investment Research lowered shares of Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, September 7th.
JEF stock opened at $19.02 on Friday. The stock has a market capitalization of $6.32 billion, a P/E ratio of 13.49 and a beta of 1.03. Jefferies Financial Group Inc has a fifty-two week low of $18.85 and a fifty-two week high of $28.30. 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 (NYSE:JEF) last posted its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.55 earnings per share 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 analyst estimates of $869.80 million. Jefferies Financial Group had a return on equity of 5.07% and a net margin of 10.07%. On average, analysts anticipate that Jefferies Financial Group Inc will post 1.27 EPS for the current fiscal year.
The business also recently disclosed 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 2.63%. The ex-dividend date of this dividend was Friday, November 16th. Jefferies Financial Group’s payout ratio is currently 30.30%.
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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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