Qsemble Capital Management LP Sells 21,020 Shares of Jefferies Financial Group Inc. (NYSE:JEF)

Qsemble Capital Management LP lessened its stake in shares of Jefferies Financial Group Inc. (NYSE:JEF) by 73.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,628 shares of the financial services provider’s stock after selling 21,020 shares during the period. Qsemble Capital Management LP’s holdings in Jefferies Financial Group were worth $470,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rothschild Investment LLC bought a new position in Jefferies Financial Group during the 2nd quarter valued at approximately $25,000. Massmutual Trust Co. FSB ADV increased its position in Jefferies Financial Group by 75.7% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 520 shares of the financial services provider’s stock valued at $26,000 after buying an additional 224 shares in the last quarter. Versant Capital Management Inc increased its position in Jefferies Financial Group by 1,993.8% during the 2nd quarter. Versant Capital Management Inc now owns 670 shares of the financial services provider’s stock valued at $33,000 after buying an additional 638 shares in the last quarter. Eastern Bank bought a new position in Jefferies Financial Group during the 3rd quarter valued at approximately $42,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Jefferies Financial Group during the 2nd quarter valued at approximately $48,000. Institutional investors own 60.88% of the company’s stock.

Analyst Ratings Changes

JEF has been the subject of a number of analyst reports. Oppenheimer raised their price objective on Jefferies Financial Group from $73.00 to $83.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Morgan Stanley lifted their target price on Jefferies Financial Group from $59.00 to $64.00 and gave the stock an “equal weight” rating in a report on Monday, September 23rd. Finally, UBS Group began coverage on Jefferies Financial Group in a report on Tuesday, September 17th. They issued a “buy” rating and a $67.00 target price for the company.

Jefferies Financial Group Stock Down 0.7 %

Jefferies Financial Group stock opened at $78.93 on Thursday. The firm has a market cap of $16.22 billion, a price-to-earnings ratio of 33.73 and a beta of 1.31. The stock has a fifty day simple moving average of $67.03 and a two-hundred day simple moving average of $57.38. Jefferies Financial Group Inc. has a 12 month low of $34.34 and a 12 month high of $80.53. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.53.

Jefferies Financial Group (NYSE:JEF) last issued its quarterly earnings data on Wednesday, September 25th. The financial services provider reported $0.75 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the firm earned $0.32 EPS. The business’s revenue was up 42.4% on a year-over-year basis. Equities analysts predict that Jefferies Financial Group Inc. will post 3.13 EPS for the current fiscal year.

Jefferies Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 18th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Monday, November 18th. Jefferies Financial Group’s payout ratio is currently 59.83%.

Insider Buying and Selling

In other news, Director Mitsui Financial Grou Sumitomo acquired 9,247,081 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was bought at an average price of $59.67 per share, with a total value of $551,773,323.27. Following the completion of the acquisition, the director now directly owns 9,247,081 shares of the company’s stock, valued at approximately $551,773,323.27. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert D. Beyer sold 46,200 shares of Jefferies Financial Group stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $64.07, for a total value of $2,960,034.00. Following the completion of the sale, the director now directly owns 100,375 shares of the company’s stock, valued at $6,431,026.25. The trade was a 31.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,286,923 shares of company stock valued at $88,999,151 over the last 90 days. Company insiders own 20.40% of the company’s stock.

Jefferies Financial Group 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.