NewEdge Wealth LLC Purchases 27,439 Shares of Jefferies Financial Group Inc. (NYSE:JEF)

NewEdge Wealth LLC grew its position in Jefferies Financial Group Inc. (NYSE:JEF) by 6.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 450,139 shares of the financial services provider’s stock after purchasing an additional 27,439 shares during the period. NewEdge Wealth LLC owned approximately 0.22% of Jefferies Financial Group worth $35,291,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Hemington Wealth Management grew its position in Jefferies Financial Group by 71.8% in the fourth quarter. Hemington Wealth Management now owns 335 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 140 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Jefferies Financial Group in the 4th quarter valued at about $27,000. Stephens Consulting LLC bought a new position in shares of Jefferies Financial Group in the 4th quarter valued at about $29,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Jefferies Financial Group in the third quarter valued at about $32,000. Finally, GAMMA Investing LLC increased its position in shares of Jefferies Financial Group by 158.3% in the fourth quarter. GAMMA Investing LLC now owns 514 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 315 shares during the last quarter. 60.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on JEF shares. Morgan Stanley upgraded Jefferies Financial Group from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $67.00 to $97.00 in a research note on Monday, December 9th. Oppenheimer decreased their target price on shares of Jefferies Financial Group from $82.00 to $81.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd.

Jefferies Financial Group Trading Up 1.5 %

Jefferies Financial Group stock opened at $65.80 on Thursday. The stock has a 50-day simple moving average of $74.77 and a 200 day simple moving average of $69.32. The stock has a market capitalization of $13.56 billion, a P/E ratio of 22.08 and a beta of 1.34. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07. Jefferies Financial Group Inc. has a 52 week low of $40.72 and a 52 week high of $82.68.

Jefferies Financial Group (NYSE:JEF) last issued its earnings results on Wednesday, January 8th. The financial services provider reported $0.91 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.06). Jefferies Financial Group had a return on equity of 7.92% and a net margin of 10.57%. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the firm posted $0.30 earnings per share. The business’s revenue was up 63.4% compared to the same quarter last year. Analysts expect that Jefferies Financial Group Inc. will post 4.41 earnings per share for the current year.

Jefferies Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Friday, February 14th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Jefferies Financial Group’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a dividend yield of 2.43%. Jefferies Financial Group’s dividend payout ratio is presently 53.69%.

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.