Pitcairn Co. Decreases Stock Holdings in Jefferies Financial Group Inc. (NYSE:JEF)

Pitcairn Co. trimmed its position in Jefferies Financial Group Inc. (NYSE:JEF) by 2.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 16,844 shares of the financial services provider’s stock after selling 452 shares during the period. Pitcairn Co.’s holdings in Jefferies Financial Group were worth $625,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Moors & Cabot Inc. bought a new stake in Jefferies Financial Group in the third quarter valued at $25,000. Albion Financial Group UT bought a new stake in Jefferies Financial Group in the second quarter valued at $43,000. Advisory Services Network LLC bought a new stake in Jefferies Financial Group in the second quarter valued at $59,000. Lazard Asset Management LLC boosted its holdings in Jefferies Financial Group by 29.9% in the second quarter. Lazard Asset Management LLC now owns 1,850 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 426 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in Jefferies Financial Group by 242.5% in the third quarter. Geneos Wealth Management Inc. now owns 3,630 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 2,570 shares in the last quarter. 68.59% of the stock is currently owned by institutional investors.

In other Jefferies Financial Group news, President Brian P. Friedman sold 293,561 shares of the business’s stock in a transaction dated Friday, November 5th. The stock was sold at an average price of $43.82, for a total value of $12,863,843.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Melissa Weiler bought 4,000 shares of the firm’s stock in a transaction on Thursday, January 13th. The stock was acquired at an average cost of $37.49 per share, with a total value of $149,960.00. The disclosure for this purchase can be found here. 17.10% of the stock is owned by insiders.

Shares of JEF stock opened at $37.63 on Friday. Jefferies Financial Group Inc. has a 12 month low of $22.87 and a 12 month high of $44.47. The stock has a market cap of $9.24 billion, a PE ratio of 6.14 and a beta of 1.46. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.00. The company’s fifty day moving average price is $39.43 and its 200-day moving average price is $37.71.

Jefferies Financial Group (NYSE:JEF) last posted its quarterly earnings results on Wednesday, January 12th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.14). The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Jefferies Financial Group had a return on equity of 17.11% and a net margin of 20.46%. Jefferies Financial Group’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.11 EPS. On average, sell-side analysts forecast that Jefferies Financial Group Inc. will post 3.84 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 25th. Stockholders of record on Monday, February 14th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Friday, February 11th. This is a positive change from Jefferies Financial Group’s previous quarterly dividend of $0.25. Jefferies Financial Group’s payout ratio is currently 16.31%.

Several analysts recently weighed in on JEF shares. Morgan Stanley started coverage on shares of Jefferies Financial Group in a report on Thursday, December 16th. They issued an “equal weight” rating and a $40.00 price target on the stock. Zacks Investment Research upgraded shares of Jefferies Financial Group from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Thursday, December 23rd. The Goldman Sachs Group started coverage on shares of Jefferies Financial Group in a report on Monday, September 20th. They set a “buy” rating and a $45.00 target price on the stock. Oppenheimer boosted their target price on shares of Jefferies Financial Group from $40.00 to $41.00 and gave the company an “outperform” rating in a report on Friday, October 1st. Finally, Keefe, Bruyette & Woods cut shares of Jefferies Financial Group from an “outperform” rating to a “market perform” rating and set a $46.00 target price on the stock. in a report on Tuesday, November 16th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $42.80.

Jefferies Financial Group Company Profile

Jefferies Financial Group, Inc is a holding company, which engages in the provision of financial services. It operates through the following segments: Investment Banking, Capital Markets, and Asset Management; Merchant Banking; and Corporate segments. The Investment Banking, Capital Markets, and Asset Management segment consists of investments in Jefferies Group.

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Institutional Ownership by Quarter for Jefferies Financial Group (NYSE:JEF)

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