Pinebridge Investments L.P. Has $3.53 Million Stock Holdings in Jefferies Financial Group Inc. (NYSE:JEF)

Pinebridge Investments L.P. increased its stake in shares of Jefferies Financial Group Inc. (NYSE:JEF) by 42.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,959 shares of the financial services provider’s stock after buying an additional 13,449 shares during the period. Pinebridge Investments L.P.’s holdings in Jefferies Financial Group were worth $3,525,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Hemington Wealth Management boosted its position in Jefferies Financial Group by 71.8% in the 4th quarter. Hemington Wealth Management now owns 335 shares of the financial services provider’s stock valued at $26,000 after buying an additional 140 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in Jefferies Financial Group in the fourth quarter valued at approximately $27,000. Stephens Consulting LLC acquired a new stake in Jefferies Financial Group in the fourth quarter worth $29,000. Wilmington Savings Fund Society FSB bought a new position in shares of Jefferies Financial Group during the third quarter worth $32,000. Finally, GAMMA Investing LLC grew its holdings in shares of Jefferies Financial Group by 158.3% in the 4th quarter. GAMMA Investing LLC now owns 514 shares of the financial services provider’s stock valued at $40,000 after buying an additional 315 shares during the period. Institutional investors own 60.88% of the company’s stock.

Jefferies Financial Group Stock Up 0.2 %

JEF stock opened at $46.80 on Friday. The business has a 50-day moving average of $53.65 and a 200-day moving average of $66.94. Jefferies Financial Group Inc. has a fifty-two week low of $39.28 and a fifty-two week high of $82.68. The stock has a market capitalization of $9.65 billion, a P/E ratio of 15.70 and a beta of 1.29. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.07 and a quick ratio of 1.07.

Jefferies Financial Group (NYSE:JEF) last issued its quarterly earnings results on Wednesday, March 26th. The financial services provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.28). The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.93 billion. Jefferies Financial Group had a return on equity of 7.92% and a net margin of 10.57%. Jefferies Financial Group’s revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.87 earnings per share. On average, sell-side analysts anticipate that Jefferies Financial Group Inc. will post 4.41 earnings per share for the current fiscal year.

Jefferies Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Monday, May 19th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.60 annualized dividend and a yield of 3.42%. Jefferies Financial Group’s dividend payout ratio (DPR) is presently 55.36%.

Analysts Set New Price Targets

Several analysts recently commented on JEF shares. The Goldman Sachs Group set a $75.00 price objective on Jefferies Financial Group in a research note on Wednesday, March 5th. Oppenheimer cut Jefferies Financial Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. StockNews.com lowered Jefferies Financial Group from a “hold” rating to a “sell” rating in a research report on Monday, March 31st. Finally, Morgan Stanley downgraded shares of Jefferies Financial Group from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $75.00 to $41.00 in a report on Monday, April 7th.

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.