Gabelli Funds LLC Increases Stake in Jefferies Financial Group Inc (NYSE:JEF)

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Gabelli Funds LLC grew its position in Jefferies Financial Group Inc (NYSE:JEF) by 2.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 168,810 shares of the financial services provider’s stock after purchasing an additional 3,710 shares during the period. Gabelli Funds LLC’s holdings in Jefferies Financial Group were worth $3,106,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Mackay Shields LLC raised its stake in shares of Jefferies Financial Group by 135.3% in the third quarter. Mackay Shields LLC now owns 90,601 shares of the financial services provider’s stock valued at $1,667,000 after acquiring an additional 52,091 shares during the period. Donald Smith & CO. Inc. raised its stake in shares of Jefferies Financial Group by 75.9% in the third quarter. Donald Smith & CO. Inc. now owns 1,656,904 shares of the financial services provider’s stock valued at $30,487,000 after acquiring an additional 714,899 shares during the period. IFM Investors Pty Ltd raised its stake in shares of Jefferies Financial Group by 33.2% in the third quarter. IFM Investors Pty Ltd now owns 26,171 shares of the financial services provider’s stock valued at $482,000 after acquiring an additional 6,522 shares during the period. ACR Alpine Capital Research LLC raised its stake in shares of Jefferies Financial Group by 3.8% in the third quarter. ACR Alpine Capital Research LLC now owns 221,946 shares of the financial services provider’s stock valued at $4,083,000 after acquiring an additional 8,195 shares during the period. Finally, Texas Permanent School Fund raised its stake in shares of Jefferies Financial Group by 87.1% in the third quarter. Texas Permanent School Fund now owns 91,436 shares of the financial services provider’s stock valued at $1,682,000 after acquiring an additional 42,572 shares during the period. 71.15% of the stock is currently owned by institutional investors and hedge funds.

Shares of JEF traded down $0.05 during midday trading on Friday, hitting $19.49. The stock had a trading volume of 724,265 shares, compared to its average volume of 2,173,363. The firm has a market cap of $5.89 billion, a PE ratio of 24.06 and a beta of 1.45. Jefferies Financial Group Inc has a 1 year low of $16.20 and a 1 year high of $22.32. The stock’s 50 day moving average is $18.68 and its 200 day moving average is $19.27. 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 (NYSE:JEF) last posted its quarterly earnings results on Thursday, September 26th. The financial services provider reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.19). The company had revenue of $857.00 million for the quarter, compared to the consensus estimate of $1.02 billion. Jefferies Financial Group’s revenue for the quarter was down 25.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.06) earnings per share. As a group, equities research analysts expect that Jefferies Financial Group Inc will post 1.03 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Friday, November 15th. Jefferies Financial Group’s dividend payout ratio is presently 64.20%.

Jefferies Financial Group Company Profile

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.

See Also: Back-End Load

Want to see what other hedge funds are holding JEF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jefferies Financial Group Inc (NYSE:JEF).

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

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