AlphaCore Capital LLC Has $2.49 Million Stock Holdings in Jefferies Financial Group Inc. (NYSE:JEF)

AlphaCore Capital LLC trimmed its holdings in shares of Jefferies Financial Group Inc. (NYSE:JEF) by 0.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 40,382 shares of the financial services provider’s stock after selling 190 shares during the period. AlphaCore Capital LLC’s holdings in Jefferies Financial Group were worth $2,486,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Rothschild Investment LLC purchased a new position in Jefferies Financial Group during the 2nd quarter valued at about $25,000. Massmutual Trust Co. FSB ADV grew its position in Jefferies Financial Group by 75.7% during the second quarter. Massmutual Trust Co. FSB ADV now owns 520 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 224 shares in the last quarter. Versant Capital Management Inc lifted its position in Jefferies Financial Group by 1,993.8% in the 2nd quarter. Versant Capital Management Inc now owns 670 shares of the financial services provider’s stock worth $33,000 after buying an additional 638 shares in the last quarter. Eastern Bank purchased a new position in shares of Jefferies Financial Group during the 3rd quarter valued at $42,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Jefferies Financial Group in the second quarter worth $48,000. 60.88% of the stock is owned by hedge funds and other institutional investors.

Jefferies Financial Group Price Performance

NYSE JEF opened at $76.77 on Friday. The stock has a market capitalization of $15.78 billion, a PE ratio of 32.81 and a beta of 1.31. The stock has a 50-day simple moving average of $65.86 and a 200 day simple moving average of $56.53. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.03 and a current ratio of 1.03. Jefferies Financial Group Inc. has a twelve month low of $34.34 and a twelve month high of $77.53.

Jefferies Financial Group (NYSE:JEF) last announced its earnings results on Wednesday, September 25th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). Jefferies Financial Group had a return on equity of 6.40% and a net margin of 9.27%. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the firm posted $0.32 EPS. The company’s revenue was up 42.4% compared to the same quarter last year. Research analysts anticipate that Jefferies Financial Group Inc. will post 3.13 EPS for the current year.

Jefferies Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 18th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Monday, November 18th. Jefferies Financial Group’s payout ratio is presently 59.83%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on JEF shares. UBS Group initiated coverage on Jefferies Financial Group in a research note on Tuesday, September 17th. They set a “buy” rating and a $67.00 price target for the company. Morgan Stanley raised their price objective on Jefferies Financial Group from $59.00 to $64.00 and gave the company an “equal weight” rating in a research note on Monday, September 23rd. Finally, Oppenheimer upped their target price on Jefferies Financial Group from $73.00 to $83.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th.

Insider Activity at Jefferies Financial Group

In other Jefferies Financial Group news, Director Mitsui Financial Grou Sumitomo acquired 9,247,081 shares of Jefferies Financial Group stock in a transaction dated Thursday, September 19th. The stock was bought at an average cost of $59.67 per share, with a total value of $551,773,323.27. Following the acquisition, the director now owns 9,247,081 shares of the company’s stock, valued at approximately $551,773,323.27. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Brian P. Friedman sold 200,000 shares of Jefferies Financial Group stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $63.09, for a total transaction of $12,618,000.00. Following the sale, the president now owns 604,606 shares in the company, valued at approximately $38,144,592.54. This trade represents a 24.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,286,923 shares of company stock worth $88,999,151 over the last three months. Company insiders own 20.40% of the company’s stock.

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.