Sylvest Advisors LLC Has $623,000 Position in Jefferies Financial Group Inc. $JEF

Sylvest Advisors LLC grew its stake in Jefferies Financial Group Inc. (NYSE:JEF) by 4.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,394 shares of the financial services provider’s stock after purchasing an additional 476 shares during the quarter. Sylvest Advisors LLC’s holdings in Jefferies Financial Group were worth $623,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Alliancebernstein L.P. increased its position in Jefferies Financial Group by 13.7% during the first quarter. Alliancebernstein L.P. now owns 6,808,340 shares of the financial services provider’s stock worth $364,723,000 after acquiring an additional 819,594 shares during the period. Allspring Global Investments Holdings LLC increased its position in Jefferies Financial Group by 4.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 6,412,167 shares of the financial services provider’s stock worth $343,307,000 after acquiring an additional 246,578 shares during the period. JPMorgan Chase & Co. increased its position in Jefferies Financial Group by 30.1% during the first quarter. JPMorgan Chase & Co. now owns 5,126,514 shares of the financial services provider’s stock worth $274,627,000 after acquiring an additional 1,184,822 shares during the period. Nuveen LLC bought a new position in Jefferies Financial Group during the first quarter worth about $58,972,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in Jefferies Financial Group by 87.8% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 798,000 shares of the financial services provider’s stock worth $42,749,000 after acquiring an additional 373,000 shares during the period. 60.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

JEF has been the topic of a number of recent research reports. Morgan Stanley raised their price target on shares of Jefferies Financial Group from $54.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Monday, September 8th. Zacks Research raised shares of Jefferies Financial Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 4th. Finally, Wall Street Zen upgraded shares of Jefferies Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, September 20th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $71.67.

Jefferies Financial Group Trading Down 2.1%

Shares of Jefferies Financial Group stock opened at $66.73 on Thursday. The company has a market capitalization of $13.77 billion, a price-to-earnings ratio of 25.18 and a beta of 1.49. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.68. Jefferies Financial Group Inc. has a 12-month low of $39.28 and a 12-month high of $82.68. The firm’s 50-day moving average price is $61.87 and its two-hundred day moving average price is $55.00.

Jefferies Financial Group (NYSE:JEF) last announced its quarterly earnings data on Wednesday, June 25th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.04). The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. Jefferies Financial Group had a return on equity of 6.59% and a net margin of 7.70%.The company’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.64 earnings per share. On average, analysts forecast that Jefferies Financial Group Inc. will post 4.41 earnings per share for the current fiscal year.

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.