Squarepoint Ops LLC lifted its stake in shares of Jefferies Financial Group Inc (NYSE:JEF) by 137.0% during the third quarter, Holdings Channel reports. The fund owned 264,214 shares of the financial services provider’s stock after acquiring an additional 152,729 shares during the period. Squarepoint Ops LLC’s holdings in Jefferies Financial Group were worth $4,862,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. North Star Investment Management Corp. purchased a new position in Jefferies Financial Group in the third quarter valued at $27,000. Cullen Frost Bankers Inc. raised its position in Jefferies Financial Group by 332.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 1,568 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 1,205 shares in the last quarter. Pearl River Capital LLC acquired a new stake in Jefferies Financial Group in the 2nd quarter valued at about $33,000. Thor Advisors LLC acquired a new stake in Jefferies Financial Group in the 3rd quarter valued at about $34,000. Finally, Captrust Financial Advisors boosted its stake in shares of Jefferies Financial Group by 185.5% in the 2nd quarter. Captrust Financial Advisors now owns 2,284 shares of the financial services provider’s stock valued at $44,000 after buying an additional 1,484 shares during the period. 72.28% of the stock is currently owned by institutional investors and hedge funds.
In related news, Chairman Joseph S. Steinberg sold 522,810 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $21.03, for a total transaction of $10,994,694.30. Following the completion of the transaction, the chairman now owns 2,632,979 shares in the company, valued at $55,371,548.37. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 10.00% of the company’s stock.
Jefferies Financial Group (NYSE:JEF) last released its earnings results on Thursday, September 26th. The financial services provider reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.19). The company had revenue of $857.00 million for the quarter, compared to analysts’ expectations of $1.02 billion. The business’s revenue for the quarter was down 25.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.06) EPS. On average, sell-side analysts predict that Jefferies Financial Group Inc will post 1.03 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.50 dividend on an annualized basis and a yield of 2.41%. Jefferies Financial Group’s dividend payout ratio is currently 61.73%.
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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