Geode Capital Management LLC Has $156.76 Million Position in Jefferies Financial Group Inc. $JEF

Geode Capital Management LLC lessened its holdings in Jefferies Financial Group Inc. (NYSE:JEF) by 3.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,865,752 shares of the financial services provider’s stock after selling 100,696 shares during the quarter. Geode Capital Management LLC owned approximately 1.39% of Jefferies Financial Group worth $156,755,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its position in Jefferies Financial Group by 0.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 73,533 shares of the financial services provider’s stock valued at $4,022,000 after acquiring an additional 362 shares during the period. Davidson Capital Management Inc. lifted its holdings in shares of Jefferies Financial Group by 41.3% during the second quarter. Davidson Capital Management Inc. now owns 55,723 shares of the financial services provider’s stock worth $3,047,000 after purchasing an additional 16,284 shares during the period. Vise Technologies Inc. bought a new stake in shares of Jefferies Financial Group in the second quarter worth $221,000. Allworth Financial LP increased its holdings in Jefferies Financial Group by 19.1% in the second quarter. Allworth Financial LP now owns 1,942 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 311 shares during the period. Finally, ProShare Advisors LLC raised its position in Jefferies Financial Group by 4.2% during the 2nd quarter. ProShare Advisors LLC now owns 7,225 shares of the financial services provider’s stock worth $395,000 after purchasing an additional 289 shares during the last quarter. 60.88% of the stock is owned by institutional investors.

Jefferies Financial Group Price Performance

Shares of JEF opened at $53.24 on Wednesday. The firm has a market cap of $10.98 billion, a PE ratio of 18.30 and a beta of 1.54. Jefferies Financial Group Inc. has a 52-week low of $39.28 and a 52-week high of $82.68. The business’s 50 day moving average price is $58.81 and its two-hundred day moving average price is $56.89. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.05 and a current ratio of 1.05.

Jefferies Financial Group (NYSE:JEF) last released its quarterly earnings data on Monday, September 29th. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.22. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.75 billion. Jefferies Financial Group had a net margin of 7.40% and a return on equity of 7.25%. Jefferies Financial Group’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 EPS. On average, equities analysts anticipate that Jefferies Financial Group Inc. will post 4.41 EPS for the current year.

Jefferies Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 17th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, November 17th. This represents a $1.60 annualized dividend and a dividend yield of 3.0%. Jefferies Financial Group’s dividend payout ratio is currently 54.98%.

Analysts Set New Price Targets

A number of research firms have commented on JEF. The Goldman Sachs Group reduced their price target on Jefferies Financial Group from $84.00 to $74.00 and set a “buy” rating on the stock in a research report on Tuesday, October 14th. BMO Capital Markets cut their price objective on Jefferies Financial Group from $69.00 to $55.00 and set a “market perform” rating on the stock in a research note on Friday, October 17th. Wall Street Zen raised shares of Jefferies Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Jefferies Financial Group in a report on Monday. Finally, Zacks Research raised shares of Jefferies Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Jefferies Financial Group currently has an average rating of “Moderate Buy” and an average target price of $68.83.

About Jefferies Financial Group

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.