Intrepid Capital Management Inc. Boosts Holdings in Jefferies Financial Group Inc. (NYSE:JEF)

Intrepid Capital Management Inc. lifted its position in Jefferies Financial Group Inc. (NYSE:JEF) by 0.8% during the 3rd quarter, Holdings Channel reports. The firm owned 81,491 shares of the financial services provider’s stock after buying an additional 630 shares during the quarter. Jefferies Financial Group makes up 2.8% of Intrepid Capital Management Inc.’s investment portfolio, making the stock its 8th biggest holding. Intrepid Capital Management Inc.’s holdings in Jefferies Financial Group were worth $5,016,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its holdings in Jefferies Financial Group by 15.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,049,815 shares of the financial services provider’s stock worth $350,799,000 after acquiring an additional 936,424 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Jefferies Financial Group by 1.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,232,280 shares of the financial services provider’s stock worth $210,591,000 after acquiring an additional 76,327 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Jefferies Financial Group by 12.9% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,396,255 shares of the financial services provider’s stock worth $168,998,000 after acquiring an additional 389,385 shares during the last quarter. FMR LLC grew its holdings in Jefferies Financial Group by 782.5% during the 3rd quarter. FMR LLC now owns 3,286,958 shares of the financial services provider’s stock worth $202,312,000 after acquiring an additional 2,914,504 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Jefferies Financial Group by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,168,909 shares of the financial services provider’s stock worth $107,925,000 after acquiring an additional 34,295 shares during the last quarter. Institutional investors own 60.88% of the company’s stock.

Insider Activity at Jefferies Financial Group

In related news, President Brian P. Friedman sold 200,000 shares of the stock in a transaction that occurred on Thursday, October 10th. The stock was 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 directly owns 604,606 shares of the company’s stock, valued at approximately $38,144,592.54. This represents a 24.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mitsui Financial Grou Sumitomo bought 9,247,081 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were acquired at an average cost of $59.67 per share, with a total value of $551,773,323.27. Following the completion of the purchase, the director now owns 9,247,081 shares in the company, valued at $551,773,323.27. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold 1,286,923 shares of company stock worth $88,999,151 in the last ninety days. Company insiders own 20.40% of the company’s stock.

Jefferies Financial Group Trading Up 0.5 %

Shares of NYSE:JEF traded up $0.36 during mid-day trading on Tuesday, reaching $78.58. The stock had a trading volume of 65,404 shares, compared to its average volume of 1,264,125. The firm has a market cap of $16.15 billion, a PE ratio of 33.43 and a beta of 1.35. The firm has a 50 day simple moving average of $68.06 and a two-hundred day simple moving average of $58.07. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.53. Jefferies Financial Group Inc. has a twelve month low of $36.07 and a twelve month high of $80.53.

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

Jefferies Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 18th were given a $0.35 dividend. The ex-dividend date was 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 is 59.83%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Morgan Stanley increased their price objective on shares of Jefferies Financial Group from $59.00 to $64.00 and gave the stock an “equal weight” rating in a report on Monday, September 23rd. UBS Group assumed coverage on shares of Jefferies Financial Group in a research report on Tuesday, September 17th. They set a “buy” rating and a $67.00 target price on the stock. Finally, Oppenheimer upped their target price on shares of Jefferies Financial Group from $73.00 to $83.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th.

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.