Sanders Morris Harris LLC Decreases Holdings in Jefferies Financial Group Inc (JEF)

Sanders Morris Harris LLC cut its holdings in shares of Jefferies Financial Group Inc (NYSE:JEF) by 97.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,521 shares of the financial services provider’s stock after selling 157,829 shares during the quarter. Jefferies Financial Group accounts for about 1.7% of Sanders Morris Harris LLC’s investment portfolio, making the stock its 15th largest holding. Sanders Morris Harris LLC’s holdings in Jefferies Financial Group were worth $352,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in JEF. Envestnet Asset Management Inc. acquired a new stake in shares of Jefferies Financial Group during the 2nd quarter valued at about $106,000. Victory Capital Management Inc. acquired a new stake in shares of Jefferies Financial Group during the 2nd quarter valued at about $108,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Jefferies Financial Group during the 2nd quarter valued at about $109,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Jefferies Financial Group during the 2nd quarter valued at about $112,000. Finally, Summit Trail Advisors LLC acquired a new stake in shares of Jefferies Financial Group during the 2nd quarter valued at about $114,000. Hedge funds and other institutional investors own 74.16% of the company’s stock.

Shares of Jefferies Financial Group stock traded down $0.06 during trading on Tuesday, hitting $22.88. 94,773 shares of the stock traded hands, compared to its average volume of 2,103,591. The firm has a market cap of $7.32 billion, a price-to-earnings ratio of 13.79 and a beta of 1.13. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.59 and a quick ratio of 0.59. Jefferies Financial Group Inc has a twelve month low of $21.61 and a twelve month high of $28.30.

Jefferies Financial Group (NYSE:JEF) last issued its quarterly earnings data on Thursday, July 26th. The financial services provider reported $2.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.88 by $0.15. Jefferies Financial Group had a return on equity of 4.52% and a net margin of 7.60%. The business had revenue of $911.15 million for the quarter, compared to the consensus estimate of $789.70 million. During the same period last year, the business earned $0.16 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. As a group, equities research analysts predict that Jefferies Financial Group Inc will post 1.46 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Monday, September 17th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.19%. This is an increase from Jefferies Financial Group’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, September 14th. Jefferies Financial Group’s dividend payout ratio (DPR) is presently 30.30%.

JEF has been the subject of several research reports. Zacks Investment Research upgraded Jefferies Financial Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 13th. ValuEngine lowered Jefferies Financial Group from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Finally, Keefe, Bruyette & Woods initiated coverage on Jefferies Financial Group in a report on Monday, August 20th. They set an “outperform” rating and a $29.00 price target for the company.

About Jefferies Financial Group

Jefferies Financial Group Inc, a financial services company, offers a range of products and services in investment banking, equities, fixed income, and wealth management in the Americas, Europe, and Asia. It engages in the debt capital market, equity capital market, merger and acquisition, private capital advisory, and restructuring and recapitalization businesses.

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Institutional Ownership by Quarter for Jefferies Financial Group (NYSE:JEF)

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