DNB Asset Management AS Grows Stock Holdings in Jefferies Financial Group Inc (NYSE:JEF)

DNB Asset Management AS grew its holdings in Jefferies Financial Group Inc (NYSE:JEF) by 1.5% during the third quarter, HoldingsChannel reports. The firm owned 111,319 shares of the financial services provider’s stock after acquiring an additional 1,620 shares during the period. DNB Asset Management AS’s holdings in Jefferies Financial Group were worth $2,048,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JEF. Private Capital Management LLC lifted its stake in Jefferies Financial Group by 3.3% in the 1st quarter. Private Capital Management LLC now owns 1,186,524 shares of the financial services provider’s stock worth $22,295,000 after purchasing an additional 38,195 shares in the last quarter. FMR LLC lifted its stake in Jefferies Financial Group by 1,500.1% in the 1st quarter. FMR LLC now owns 1,240,071 shares of the financial services provider’s stock worth $23,301,000 after purchasing an additional 1,162,570 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its stake in Jefferies Financial Group by 99.6% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 296,510 shares of the financial services provider’s stock worth $5,572,000 after purchasing an additional 147,950 shares in the last quarter. RK Asset Management LLC lifted its stake in Jefferies Financial Group by 0.6% in the 2nd quarter. RK Asset Management LLC now owns 315,685 shares of the financial services provider’s stock worth $6,071,000 after purchasing an additional 2,000 shares in the last quarter. Finally, South Texas Money Management Ltd. lifted its stake in Jefferies Financial Group by 3.6% in the 2nd quarter. South Texas Money Management Ltd. now owns 1,545,728 shares of the financial services provider’s stock worth $29,724,000 after purchasing an additional 53,783 shares in the last quarter. 71.06% of the stock is currently owned by institutional investors and hedge funds.

Separately, Keefe, Bruyette & Woods initiated coverage on shares of Jefferies Financial Group in a research note on Thursday, July 11th. They issued a “market perform” rating and a $23.00 target price on the stock.

Shares of NYSE JEF opened at $18.49 on Friday. The company has a 50 day simple moving average of $18.81 and a 200-day simple moving average of $19.36. The company has a market capitalization of $5.55 billion, a P/E ratio of 22.83 and a beta of 1.45. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.43 and a quick ratio of 1.43. Jefferies Financial Group Inc has a 1 year low of $16.20 and a 1 year high of $22.32.

Jefferies Financial Group (NYSE:JEF) last announced its quarterly earnings results on Thursday, September 26th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.19). The firm had revenue of $857.00 million for the quarter, compared to analyst estimates of $1.02 billion. Jefferies Financial Group’s revenue was down 25.5% on a year-over-year basis. During the same period in the prior year, the company earned ($0.06) EPS. As a group, research analysts expect that Jefferies Financial Group Inc will post 1.02 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, November 15th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.70%. Jefferies Financial Group’s dividend payout ratio is currently 64.20%.

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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