Joseph S. Steinberg Sells 522,810 Shares of Jefferies Financial Group Inc (NYSE:JEF) Stock

Jefferies Financial Group Inc (NYSE:JEF) Chairman Joseph S. Steinberg sold 522,810 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $21.03, for a total value of $10,994,694.30. Following the completion of the sale, the chairman now owns 2,632,979 shares in the company, valued at approximately $55,371,548.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

NYSE JEF traded up $0.07 during trading on Monday, hitting $20.97. The stock had a trading volume of 1,250,421 shares, compared to its average volume of 2,126,065. The company has a market capitalization of $6.27 billion, a PE ratio of 25.89 and a beta of 1.50. The company’s 50-day moving average price is $19.31 and its two-hundred day moving average price is $19.26. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.43 and a current ratio of 1.43. Jefferies Financial Group Inc has a 12 month low of $16.20 and a 12 month high of $22.32.

Jefferies Financial Group (NYSE:JEF) last released its earnings results on Thursday, September 26th. The financial services provider reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.19). The business had revenue of $857.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. The business’s quarterly revenue was down 25.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.06) EPS. As a group, equities analysts anticipate that Jefferies Financial Group Inc will post 1.03 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.38%. The ex-dividend date was Friday, November 15th. Jefferies Financial Group’s payout ratio is 61.73%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Metropolitan Life Insurance Co NY raised its stake in shares of Jefferies Financial Group by 82.1% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 70,633 shares of the financial services provider’s stock worth $1,300,000 after purchasing an additional 31,843 shares in the last quarter. Squarepoint Ops LLC raised its stake in shares of Jefferies Financial Group by 137.0% during the 3rd quarter. Squarepoint Ops LLC now owns 264,214 shares of the financial services provider’s stock worth $4,862,000 after purchasing an additional 152,729 shares in the last quarter. Bank of Hawaii raised its stake in shares of Jefferies Financial Group by 2.3% during the 3rd quarter. Bank of Hawaii now owns 22,922 shares of the financial services provider’s stock worth $422,000 after purchasing an additional 516 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Jefferies Financial Group by 13.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 146,573 shares of the financial services provider’s stock worth $2,697,000 after purchasing an additional 16,990 shares in the last quarter. Finally, Thor Advisors LLC bought a new stake in shares of Jefferies Financial Group during the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 72.28% of the company’s 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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