Comerica Bank lessened its stake in shares of Jefferies Financial Group Inc (NYSE:JEF) by 21.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 56,179 shares of the financial services provider’s stock after selling 15,735 shares during the period. Comerica Bank’s holdings in Jefferies Financial Group were worth $1,151,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the business. DNB Asset Management AS boosted its stake in shares of Jefferies Financial Group by 7.1% in the 3rd quarter. DNB Asset Management AS now owns 42,140 shares of the financial services provider’s stock worth $925,000 after buying an additional 2,800 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in Jefferies Financial Group during the second quarter valued at $106,000. Victory Capital Management Inc. purchased a new position in Jefferies Financial Group during the second quarter valued at $108,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Jefferies Financial Group during the second quarter valued at $109,000. Finally, Palo Capital Inc. purchased a new position in Jefferies Financial Group during the third quarter valued at $108,000. 76.98% of the stock is owned by institutional investors and hedge funds.
Several research firms recently weighed in on JEF. Zacks Investment Research upgraded Jefferies Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday. Keefe, Bruyette & Woods initiated coverage on Jefferies Financial Group in a research report on Monday, August 20th. They issued an “outperform” rating and a $29.00 price objective on the stock.
Jefferies Financial Group (NYSE:JEF) last announced its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.03). Jefferies Financial Group had a net margin of 10.07% and a return on equity of 5.07%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $869.80 million. On average, equities research analysts anticipate that Jefferies Financial Group Inc will post 1.27 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Monday, November 19th were given a $0.125 dividend. The ex-dividend date was Friday, November 16th. This represents a $0.50 annualized dividend and a dividend yield of 2.63%. Jefferies Financial Group’s payout ratio is 30.30%.
Jefferies Financial Group Company Profile
Jefferies Financial Group Inc, a financial services company, offers a range of products and services in investment banking, equities, fixed income, and wealth management in the Americas, Europe, and Asia. It engages in the debt capital market, equity capital market, merger and acquisition, private capital advisory, and restructuring and recapitalization businesses.
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