Los Angeles Capital Management & Equity Research Inc. cut its holdings in Jefferies Financial Group Inc (NYSE:JEF) by 1.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 603,548 shares of the financial services provider’s stock after selling 6,180 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned about 0.20% of Jefferies Financial Group worth $11,341,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Baillie Gifford & Co. boosted its stake in shares of Jefferies Financial Group by 0.7% during the 4th quarter. Baillie Gifford & Co. now owns 13,901,018 shares of the financial services provider’s stock worth $241,322,000 after acquiring an additional 101,426 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Jefferies Financial Group by 2.7% during the 4th quarter. Great West Life Assurance Co. Can now owns 6,019,409 shares of the financial services provider’s stock worth $101,391,000 after acquiring an additional 157,410 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Jefferies Financial Group by 0.3% during the 4th quarter. Northern Trust Corp now owns 3,382,970 shares of the financial services provider’s stock worth $58,728,000 after acquiring an additional 11,049 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Jefferies Financial Group by 15.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,648,568 shares of the financial services provider’s stock worth $45,984,000 after acquiring an additional 359,949 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Jefferies Financial Group during the 4th quarter worth approximately $37,879,000. Institutional investors own 80.18% of the company’s stock.
Shares of Jefferies Financial Group stock traded down $0.18 during trading on Wednesday, hitting $18.58. 1,023,915 shares of the company were exchanged, compared to its average volume of 1,981,678. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.37 and a quick ratio of 1.37. Jefferies Financial Group Inc has a fifty-two week low of $16.20 and a fifty-two week high of $25.07. The company has a market capitalization of $5.52 billion, a P/E ratio of 22.94 and a beta of 1.36.
Jefferies Financial Group (NYSE:JEF) last issued its quarterly earnings data on Thursday, March 28th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.10). Jefferies Financial Group had a return on equity of 6.70% and a net margin of 10.07%. The company had revenue of $828.40 million for the quarter, compared to analyst estimates of $1.03 billion. The business’s quarterly revenue was down 7.5% on a year-over-year basis. As a group, research analysts expect that Jefferies Financial Group Inc will post 1.16 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Monday, May 20th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, May 17th. This represents a $0.50 annualized dividend and a dividend yield of 2.69%. Jefferies Financial Group’s dividend payout ratio is currently 61.73%.
Several brokerages have recently commented on JEF. ValuEngine raised Jefferies Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Zacks Investment Research lowered Jefferies Financial Group from a “hold” rating to a “sell” rating in a research note on Friday, March 15th.
Jefferies Financial Group Profile
Jefferies Financial Group Inc, a financial services company, engages in investment banking and capital markets, asset management, and direct investing businesses in the Americas, Europe, and Asia. the company also offers equities research, sales, and trading services; equity finance services comprising financing, securities lending, and other prime brokerage services; and wealth management services to high net worth individuals, their families and businesses, private equity and venture funds, and small institutions.
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