Xact Kapitalforvaltning AB Sells 3,103 Shares of Jefferies Financial Group Inc (JEF)

Xact Kapitalforvaltning AB trimmed its stake in shares of Jefferies Financial Group Inc (NYSE:JEF) by 9.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,806 shares of the financial services provider’s stock after selling 3,103 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Jefferies Financial Group were worth $655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. DnB Asset Management AS acquired a new position in shares of Jefferies Financial Group in the 2nd quarter valued at about $895,000. IFM Investors Pty Ltd acquired a new position in shares of Jefferies Financial Group in the 2nd quarter valued at about $485,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Jefferies Financial Group in the 2nd quarter valued at about $112,000. State of Alaska Department of Revenue acquired a new position in shares of Jefferies Financial Group in the 2nd quarter valued at about $1,304,000. Finally, Sanders Morris Harris LLC acquired a new position in shares of Jefferies Financial Group in the 2nd quarter valued at about $3,669,000. Institutional investors and hedge funds own 73.97% of the company’s stock.

Jefferies Financial Group stock opened at $21.94 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.97. The stock has a market cap of $7.08 billion, a price-to-earnings ratio of 13.30 and a beta of 1.02. Jefferies Financial Group Inc has a 52-week low of $19.60 and a 52-week high of $28.30.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Monday, November 19th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Friday, November 16th. Jefferies Financial Group’s payout ratio is 30.30%.

Several research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Jefferies Financial Group from a “buy” rating to a “hold” rating in a report on Friday, September 7th. ValuEngine raised shares of Jefferies Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 25th. Finally, Keefe, Bruyette & Woods started coverage on shares of Jefferies Financial Group in a research note on Monday, August 20th. They set an “outperform” rating and a $29.00 target price for the company.

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Jefferies Financial Group Profile

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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