Voloridge Investment Management LLC purchased a new position in shares of Jefferies Financial Group Inc. (NYSE:JEF) during the fourth quarter, Holdings Channel.com reports. The firm purchased 70,387 shares of the financial services provider’s stock, valued at approximately $1,732,000.
Other institutional investors have also bought and sold shares of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in shares of Jefferies Financial Group by 9.0% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 84,794 shares of the financial services provider’s stock worth $2,086,000 after buying an additional 7,000 shares in the last quarter. Schroder Investment Management Group boosted its holdings in shares of Jefferies Financial Group by 44.5% during the 4th quarter. Schroder Investment Management Group now owns 147,913 shares of the financial services provider’s stock worth $3,638,000 after buying an additional 45,530 shares in the last quarter. Artemis Investment Management LLP bought a new position in shares of Jefferies Financial Group during the 4th quarter worth approximately $13,744,000. Merrion Investment Management Co LLC bought a new position in shares of Jefferies Financial Group during the 4th quarter worth approximately $5,398,000. Finally, Balasa Dinverno & Foltz LLC bought a new position in shares of Jefferies Financial Group during the 4th quarter worth approximately $213,000. Hedge funds and other institutional investors own 67.10% of the company’s stock.
In other news, major shareholder Jefferies Financial Group Inc. purchased 250,000 shares of the business’s stock in a transaction dated Tuesday, January 12th. The stock was bought at an average price of $10.00 per share, for a total transaction of $2,500,000.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Stuart Harry Reese sold 4,000 shares of the stock in a transaction on Friday, February 5th. The stock was sold at an average price of $25.84, for a total value of $103,360.00. Following the transaction, the director now owns 53,565 shares of the company’s stock, valued at approximately $1,384,119.60. The disclosure for this sale can be found here. 14.80% of the stock is currently owned by corporate insiders.
Jefferies Financial Group (NYSE:JEF) last announced its earnings results on Tuesday, March 23rd. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.89. Jefferies Financial Group had a return on equity of 8.88% and a net margin of 13.67%. As a group, equities analysts anticipate that Jefferies Financial Group Inc. will post 1.69 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 28th. Stockholders of record on Monday, May 17th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Friday, May 14th. Jefferies Financial Group’s dividend payout ratio is presently 30.19%.
A number of equities analysts recently issued reports on JEF shares. Oppenheimer increased their target price on Jefferies Financial Group from $26.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, January 6th. TheStreet raised Jefferies Financial Group from a “c+” rating to a “b-” rating in a research report on Wednesday, March 24th. Finally, Zacks Investment Research raised Jefferies Financial Group from a “hold” rating to a “strong-buy” rating and set a $30.00 price target for the company in a research report on Friday, January 8th.
Jefferies Financial Group Profile
Jefferies Financial Group Inc engages in the investment banking and capital markets, asset management, and direct investing businesses in the Americas, Europe, the Middle East, Africa, and Asia. It operates through Investment Banking and Capital Markets, Asset Management, Merchant Banking, and Corporate segments.
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