CLARET ASSET MANAGEMENT Corp Sells 966 Shares of Jefferies Financial Group Inc (NYSE:JEF)

CLARET ASSET MANAGEMENT Corp lowered its position in shares of Jefferies Financial Group Inc (NYSE:JEF) by 6.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,686 shares of the financial services provider’s stock after selling 966 shares during the quarter. CLARET ASSET MANAGEMENT Corp’s holdings in Jefferies Financial Group were worth $252,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC grew its stake in shares of Jefferies Financial Group by 0.7% during the second quarter. CIBC Private Wealth Group LLC now owns 69,881 shares of the financial services provider’s stock worth $1,344,000 after purchasing an additional 469 shares during the period. Buckingham Asset Management LLC grew its stake in shares of Jefferies Financial Group by 3.2% during the second quarter. Buckingham Asset Management LLC now owns 16,298 shares of the financial services provider’s stock worth $313,000 after purchasing an additional 500 shares during the period. Advisor Group Inc. grew its stake in shares of Jefferies Financial Group by 6.5% during the second quarter. Advisor Group Inc. now owns 8,425 shares of the financial services provider’s stock worth $161,000 after purchasing an additional 513 shares during the period. World Asset Management Inc grew its stake in shares of Jefferies Financial Group by 3.3% during the second quarter. World Asset Management Inc now owns 19,057 shares of the financial services provider’s stock worth $366,000 after purchasing an additional 616 shares during the period. Finally, Westpac Banking Corp grew its stake in shares of Jefferies Financial Group by 0.7% during the second quarter. Westpac Banking Corp now owns 99,097 shares of the financial services provider’s stock worth $1,906,000 after purchasing an additional 700 shares during the period. Institutional investors own 71.06% of the company’s stock.

Shares of Jefferies Financial Group stock opened at $18.07 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.03. Jefferies Financial Group Inc has a 12 month low of $16.20 and a 12 month high of $22.32. The business has a fifty day simple moving average of $18.82 and a 200 day simple moving average of $19.38. The stock has a market cap of $5.10 billion, a PE ratio of 22.31 and a beta of 1.45.

Jefferies Financial Group (NYSE:JEF) last announced its quarterly earnings data on Thursday, September 26th. The financial services provider reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.19). The company had revenue of $857.00 million during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the business posted ($0.06) earnings per share. The firm’s revenue for the quarter was down 25.5% compared to the same quarter last year. Analysts expect that Jefferies Financial Group Inc will post 1.02 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be paid a $0.125 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.50 dividend on an annualized basis and a yield of 2.77%. Jefferies Financial Group’s payout ratio is 64.20%.

Separately, 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 price objective for the company.

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

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