Park Avenue Securities LLC Sells 588 Shares of Jefferies Financial Group Inc. $JEF

Park Avenue Securities LLC lessened its holdings in Jefferies Financial Group Inc. (NYSE:JEF) by 2.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,941 shares of the financial services provider’s stock after selling 588 shares during the quarter. Park Avenue Securities LLC’s holdings in Jefferies Financial Group were worth $1,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Elequin Capital LP grew its stake in shares of Jefferies Financial Group by 117.9% during the 1st quarter. Elequin Capital LP now owns 549 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 297 shares during the period. JCIC Asset Management Inc. grew its stake in shares of Jefferies Financial Group by 193.8% during the 1st quarter. JCIC Asset Management Inc. now owns 705 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 465 shares during the period. GAMMA Investing LLC grew its stake in shares of Jefferies Financial Group by 123.9% during the 1st quarter. GAMMA Investing LLC now owns 1,151 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 637 shares during the period. IFP Advisors Inc grew its stake in shares of Jefferies Financial Group by 87.9% during the 1st quarter. IFP Advisors Inc now owns 1,387 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 649 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Jefferies Financial Group during the 1st quarter worth $78,000. Institutional investors own 60.88% of the company’s stock.

Wall Street Analyst Weigh In

JEF has been the subject of several research reports. Wall Street Zen upgraded Jefferies Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, September 20th. Morgan Stanley increased their price target on Jefferies Financial Group from $54.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Monday, September 8th. Finally, Zacks Research upgraded Jefferies Financial Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 4th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Jefferies Financial Group has a consensus rating of “Hold” and an average target price of $71.67.

Jefferies Financial Group Stock Down 1.2%

Shares of NYSE JEF opened at $65.92 on Friday. Jefferies Financial Group Inc. has a 52 week low of $39.28 and a 52 week high of $82.68. The business has a 50-day simple moving average of $62.07 and a two-hundred day simple moving average of $55.08. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.68. The company has a market cap of $13.60 billion, a P/E ratio of 24.87 and a beta of 1.49.

Jefferies Financial Group (NYSE:JEF) last issued its earnings results on Wednesday, June 25th. The financial services provider reported $0.40 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.04). Jefferies Financial Group had a return on equity of 6.59% and a net margin of 7.70%.The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the business earned $0.64 EPS. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. Research analysts anticipate 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.