Jefferies Financial Group Inc. (NYSE:JEF) Announces $0.40 Quarterly Dividend

Jefferies Financial Group Inc. (NYSE:JEF) announced a quarterly dividend on Monday, September 29th. Stockholders of record on Monday, November 17th will be paid a dividend of 0.40 per share by the financial services provider on Wednesday, November 26th. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, November 17th.

Jefferies Financial Group has a dividend payout ratio of 38.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Jefferies Financial Group to earn $6.16 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 26.0%.

Jefferies Financial Group Trading Down 0.1%

JEF opened at $66.67 on Tuesday. Jefferies Financial Group has a fifty-two week low of $39.28 and a fifty-two week high of $82.68. The company has a market cap of $13.75 billion, a price-to-earnings ratio of 25.16 and a beta of 1.49. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a 50 day simple moving average of $62.49 and a 200 day simple moving average of $55.25.

Jefferies Financial Group (NYSE:JEF) last released its earnings results on Monday, September 29th. The financial services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.22. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.75 billion. Jefferies Financial Group had a net margin of 7.70% and a return on equity of 6.59%. The business’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 EPS. On average, sell-side analysts anticipate that Jefferies Financial Group will post 4.41 earnings per share for the current year.

Institutional Trading of Jefferies Financial Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Louisiana State Employees Retirement System increased its position in shares of Jefferies Financial Group by 0.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 45,800 shares of the financial services provider’s stock valued at $2,505,000 after purchasing an additional 200 shares during the last quarter. State of Michigan Retirement System boosted its stake in Jefferies Financial Group by 0.5% in the second quarter. State of Michigan Retirement System now owns 39,216 shares of the financial services provider’s stock worth $2,145,000 after buying an additional 200 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Jefferies Financial Group by 3.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,580 shares of the financial services provider’s stock valued at $415,000 after acquiring an additional 224 shares during the last quarter. HB Wealth Management LLC grew its position in Jefferies Financial Group by 4.6% during the second quarter. HB Wealth Management LLC now owns 6,188 shares of the financial services provider’s stock valued at $338,000 after acquiring an additional 270 shares during the last quarter. Finally, ProShare Advisors LLC raised its stake in shares of Jefferies Financial Group by 4.2% during the second quarter. ProShare Advisors LLC now owns 7,225 shares of the financial services provider’s stock worth $395,000 after acquiring an additional 289 shares in the last quarter. Institutional investors and hedge funds own 60.88% of the company’s stock.

About Jefferies Financial Group

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.