Wealth Enhancement Advisory Services LLC Reduces Position in Jefferies Financial Group Inc. $JEF

Wealth Enhancement Advisory Services LLC decreased its holdings in Jefferies Financial Group Inc. (NYSE:JEFFree Report) by 18.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 116,606 shares of the financial services provider’s stock after selling 26,863 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Jefferies Financial Group were worth $7,628,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in Jefferies Financial Group by 159.3% during the second quarter. EverSource Wealth Advisors LLC now owns 892 shares of the financial services provider’s stock worth $49,000 after buying an additional 548 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Jefferies Financial Group by 48.8% in the 2nd quarter. Bessemer Group Inc. now owns 912 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 299 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Jefferies Financial Group by 3,577.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 993 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 966 shares during the period. Tripletail Wealth Management LLC acquired a new position in shares of Jefferies Financial Group during the 3rd quarter valued at about $69,000. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Jefferies Financial Group by 28.7% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,872 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 418 shares during the last quarter. 60.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on JEF shares. Telsey Advisory Group set a $74.00 price objective on shares of Jefferies Financial Group in a research report on Tuesday, September 30th. UBS Group restated a “buy” rating on shares of Jefferies Financial Group in a report on Tuesday, December 30th. BMO Capital Markets reduced their price target on shares of Jefferies Financial Group from $69.00 to $55.00 and set a “market perform” rating on the stock in a research report on Friday, October 17th. Zacks Research lowered Jefferies Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Finally, The Goldman Sachs Group cut their target price on Jefferies Financial Group from $84.00 to $74.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Jefferies Financial Group currently has an average rating of “Moderate Buy” and a consensus target price of $72.71.

Check Out Our Latest Analysis on JEF

Jefferies Financial Group News Summary

Here are the key news stories impacting Jefferies Financial Group this week:

Jefferies Financial Group Stock Performance

Shares of JEF stock opened at $62.25 on Friday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $12.84 billion, a P/E ratio of 22.00 and a beta of 1.51. The firm’s 50 day moving average price is $60.66 and its 200-day moving average price is $59.78. Jefferies Financial Group Inc. has a one year low of $39.28 and a one year high of $77.83.

Jefferies Financial Group (NYSE:JEFGet Free Report) last announced its earnings results on Wednesday, January 7th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.13. Jefferies Financial Group had a return on equity of 7.31% and a net margin of 6.56%.The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the company earned $0.91 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, equities research analysts predict that Jefferies Financial Group Inc. will post 4.41 EPS for the current year.

Jefferies Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $1.60 annualized dividend and a dividend yield of 2.6%. Jefferies Financial Group’s payout ratio is 56.54%.

Jefferies Financial Group Company Profile

(Free Report)

Jefferies Financial Group Inc is a diversified financial services company that provides a range of investment banking, capital markets and asset management services to corporations, governments and institutional investors worldwide. Through its core platform, Jefferies offers advisory services for mergers and acquisitions, debt and equity underwriting, restructuring and recapitalization. The firm also operates a global sales and trading business covering equities, fixed income and foreign exchange products, complemented by equity research and macroeconomic analysis.

In addition to its capital markets franchise, Jefferies maintains a growing asset management division that delivers customized investment solutions across public and private markets.

See Also

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

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