CreativeOne Wealth LLC Purchases New Stake in Jefferies Financial Group Inc. (NYSE:JEF)

CreativeOne Wealth LLC acquired a new position in shares of Jefferies Financial Group Inc. (NYSE:JEF) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,462 shares of the financial services provider’s stock, valued at approximately $350,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JEF. Sumitomo Mitsui Financial Group Inc. acquired a new position in shares of Jefferies Financial Group during the 4th quarter valued at about $724,971,000. Alliancebernstein L.P. raised its stake in Jefferies Financial Group by 159.1% during the fourth quarter. Alliancebernstein L.P. now owns 5,988,746 shares of the financial services provider’s stock worth $469,518,000 after purchasing an additional 3,677,233 shares during the period. FMR LLC boosted its holdings in Jefferies Financial Group by 63.7% in the 4th quarter. FMR LLC now owns 5,381,149 shares of the financial services provider’s stock valued at $421,882,000 after purchasing an additional 2,094,191 shares during the last quarter. Invesco Ltd. grew its stake in shares of Jefferies Financial Group by 27.1% in the 4th quarter. Invesco Ltd. now owns 5,293,767 shares of the financial services provider’s stock valued at $415,031,000 after buying an additional 1,127,335 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Jefferies Financial Group by 57.4% during the 4th quarter. JPMorgan Chase & Co. now owns 3,941,692 shares of the financial services provider’s stock worth $309,029,000 after buying an additional 1,437,179 shares during the last quarter. Institutional investors and hedge funds own 60.88% of the company’s stock.

Jefferies Financial Group Price Performance

JEF opened at $42.77 on Friday. The stock’s 50-day moving average price is $56.31 and its 200 day moving average price is $67.60. Jefferies Financial Group Inc. has a 12-month low of $39.28 and a 12-month high of $82.68. The firm has a market cap of $8.82 billion, a price-to-earnings ratio of 14.35 and a beta of 1.29. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.57.

Jefferies Financial Group (NYSE:JEF) last announced its quarterly earnings data on Wednesday, March 26th. The financial services provider reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.28). Jefferies Financial Group had a net margin of 10.57% and a return on equity of 7.92%. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same quarter last year, the firm posted $0.87 EPS. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. As a group, sell-side analysts expect that Jefferies Financial Group Inc. will post 4.41 earnings per share for the current year.

Jefferies Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Monday, May 19th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.60 annualized dividend and a yield of 3.74%. Jefferies Financial Group’s payout ratio is 55.36%.

Analysts Set New Price Targets

JEF has been the subject of several analyst reports. Morgan Stanley lowered Jefferies Financial Group from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $75.00 to $41.00 in a research report on Monday, April 7th. Oppenheimer downgraded Jefferies Financial Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. The Goldman Sachs Group set a $75.00 target price on shares of Jefferies Financial Group in a research report on Wednesday, March 5th. Finally, StockNews.com downgraded shares of Jefferies Financial Group from a “hold” rating to a “sell” rating in a research note on Monday, March 31st.

Jefferies Financial Group Company 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.