Meeder Asset Management Inc. purchased a new position in shares of Jefferies Financial Group Inc (NYSE:JEF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 38,656 shares of the financial services provider’s stock, valued at approximately $743,000.
Other hedge funds also recently modified their holdings of the company. FMR LLC boosted its stake in shares of Jefferies Financial Group by 42.5% during the 4th quarter. FMR LLC now owns 77,501 shares of the financial services provider’s stock worth $1,345,000 after acquiring an additional 23,104 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Jefferies Financial Group by 37.5% in the first quarter. Nisa Investment Advisors LLC now owns 161,399 shares of the financial services provider’s stock valued at $3,033,000 after purchasing an additional 44,004 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in Jefferies Financial Group by 14.2% in the first quarter. Oppenheimer & Co. Inc. now owns 185,211 shares of the financial services provider’s stock valued at $3,481,000 after purchasing an additional 23,069 shares during the period. LS Investment Advisors LLC boosted its holdings in Jefferies Financial Group by 4.2% in the first quarter. LS Investment Advisors LLC now owns 35,707 shares of the financial services provider’s stock valued at $671,000 after purchasing an additional 1,444 shares during the period. Finally, World Asset Management Inc boosted its holdings in Jefferies Financial Group by 6.4% in the first quarter. World Asset Management Inc now owns 18,441 shares of the financial services provider’s stock valued at $347,000 after purchasing an additional 1,105 shares during the period. 72.75% of the stock is currently owned by institutional investors and hedge funds.
JEF has been the subject of several recent analyst reports. ValuEngine upgraded Jefferies Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Keefe, Bruyette & Woods initiated coverage on Jefferies Financial Group in a research note on Thursday, July 11th. They set a “market perform” rating and a $23.00 target price for the company.
Jefferies Financial Group (NYSE:JEF) last announced its quarterly earnings results on Wednesday, July 3rd. The financial services provider reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.17. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.01 billion. The company’s quarterly revenue was up 20.9% compared to the same quarter last year. Analysts anticipate that Jefferies Financial Group Inc will post 1.34 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Monday, August 19th will be given a $0.125 dividend. The ex-dividend date is Friday, August 16th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.66%. Jefferies Financial Group’s dividend payout ratio (DPR) is currently 61.73%.
About Jefferies Financial Group
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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