Pacer Advisors Inc. increased its holdings in shares of Jefferies Financial Group Inc (NYSE:JEF) by 13.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,036 shares of the financial services provider’s stock after buying an additional 2,944 shares during the period. Pacer Advisors Inc.’s holdings in Jefferies Financial Group were worth $481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in JEF. Prudential Financial Inc. lifted its position in shares of Jefferies Financial Group by 531.3% during the 2nd quarter. Prudential Financial Inc. now owns 2,183,275 shares of the financial services provider’s stock valued at $41,985,000 after buying an additional 1,837,451 shares in the last quarter. FMR LLC lifted its holdings in Jefferies Financial Group by 1,500.1% in the 1st quarter. FMR LLC now owns 1,240,071 shares of the financial services provider’s stock valued at $23,301,000 after purchasing an additional 1,162,570 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Jefferies Financial Group by 227.2% in the 2nd quarter. Janus Henderson Group PLC now owns 683,988 shares of the financial services provider’s stock valued at $13,152,000 after purchasing an additional 474,916 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Jefferies Financial Group by 21.3% in the 1st quarter. JPMorgan Chase & Co. now owns 2,284,214 shares of the financial services provider’s stock valued at $42,920,000 after purchasing an additional 400,980 shares in the last quarter. Finally, Andra AP fonden purchased a new position in Jefferies Financial Group in the 1st quarter valued at $5,949,000. Hedge funds and other institutional investors own 70.99% of the company’s stock.
JEF stock traded up $0.02 during midday trading on Monday, reaching $20.35. The stock had a trading volume of 75,306 shares, compared to its average volume of 1,117,022. The company’s fifty day simple moving average is $19.40 and its 200 day simple moving average is $19.50. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.03. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 25.12 and a beta of 1.45. Jefferies Financial Group Inc has a 52-week low of $16.20 and a 52-week high of $23.77.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were issued a $0.125 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.50 dividend on an annualized basis and a yield of 2.46%. Jefferies Financial Group’s payout ratio is currently 61.73%.
Separately, Keefe, Bruyette & Woods initiated coverage on Jefferies Financial Group in a report on Thursday, July 11th. They issued a “market perform” rating and a $23.00 price objective on the stock.
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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