Secure Asset Management LLC Has $1.14 Million Stock Position in Jefferies Financial Group Inc. $JEF

Secure Asset Management LLC increased its holdings in shares of Jefferies Financial Group Inc. (NYSE:JEF) by 59.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 20,781 shares of the financial services provider’s stock after acquiring an additional 7,780 shares during the quarter. Secure Asset Management LLC’s holdings in Jefferies Financial Group were worth $1,137,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JEF. Elequin Capital LP increased its holdings in shares of Jefferies Financial Group by 117.9% in the first quarter. Elequin Capital LP now owns 549 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 297 shares in the last quarter. JCIC Asset Management Inc. grew its position in shares of Jefferies Financial Group by 193.8% in the 1st quarter. JCIC Asset Management Inc. now owns 705 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 465 shares during the period. GAMMA Investing LLC increased its stake in Jefferies Financial Group by 123.9% during the 1st quarter. GAMMA Investing LLC now owns 1,151 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 637 shares in the last quarter. IFP Advisors Inc raised its holdings in Jefferies Financial Group by 87.9% during the 1st quarter. IFP Advisors Inc now owns 1,387 shares of the financial services provider’s stock worth $74,000 after buying an additional 649 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Jefferies Financial Group during the 1st quarter worth approximately $78,000. 60.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Zacks Research upgraded shares of Jefferies Financial Group from a “strong sell” rating to a “hold” rating in a report on Thursday, September 4th. Morgan Stanley upped their target price on shares of Jefferies Financial Group from $54.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Monday, September 8th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $71.67.

Jefferies Financial Group Stock Performance

Shares of JEF stock opened at $66.58 on Thursday. Jefferies Financial Group Inc. has a 52 week low of $39.28 and a 52 week high of $82.68. The company has a market capitalization of $13.73 billion, a price-to-earnings ratio of 25.12 and a beta of 1.49. The company has a 50-day simple moving average of $60.51 and a 200 day simple moving average of $54.68. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.05 and a current ratio of 1.05.

Jefferies Financial Group (NYSE:JEF) last announced its earnings results on Wednesday, June 25th. The financial services provider reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.04). Jefferies Financial Group had a return on equity of 6.59% and a net margin of 7.70%.The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter last year, the business posted $0.64 EPS. Jefferies Financial Group’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, sell-side analysts predict that Jefferies Financial Group Inc. will post 4.41 earnings per share for the current year.

Jefferies Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, August 18th. Jefferies Financial Group’s dividend payout ratio is presently 60.38%.

Jefferies Financial Group Profile

Jefferies Financial Group Inc operates as an investment banking and capital markets firm in the Americas, Europe, the Middle East, and the Asia-Pacific. The company operates in two segments, Investment Banking and Capital Markets, and Asset Management. It provides investment banking, advisory services with respect to mergers or acquisitions, debt financing, restructurings or recapitalizations, and private capital advisory transactions; underwriting and placement services related to corporate debt, municipal bonds, mortgage-backed and asset-backed securities, equity and equity-linked securities, and loan syndication services; and corporate lending services.