Corient Private Wealth LLC Sells 2,499 Shares of Jefferies Financial Group Inc. (NYSE:JEF)

Corient Private Wealth LLC trimmed its position in shares of Jefferies Financial Group Inc. (NYSE:JEF) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,233 shares of the financial services provider’s stock after selling 2,499 shares during the period. Corient Private Wealth LLC owned 0.05% of Jefferies Financial Group worth $8,407,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Massachusetts Mutual Life Insurance Co. bought a new stake in Jefferies Financial Group during the third quarter valued at about $286,476,000. FMR LLC raised its stake in Jefferies Financial Group by 782.5% during the 3rd quarter. FMR LLC now owns 3,286,958 shares of the financial services provider’s stock valued at $202,312,000 after purchasing an additional 2,914,504 shares during the period. JPMorgan Chase & Co. lifted its holdings in Jefferies Financial Group by 7.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,504,513 shares of the financial services provider’s stock worth $154,153,000 after purchasing an additional 167,270 shares in the last quarter. Barclays PLC grew its holdings in Jefferies Financial Group by 20.6% during the 3rd quarter. Barclays PLC now owns 2,014,387 shares of the financial services provider’s stock valued at $123,987,000 after buying an additional 344,409 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Jefferies Financial Group by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 1,645,844 shares of the financial services provider’s stock valued at $129,028,000 after buying an additional 47,141 shares during the last quarter. Hedge funds and other institutional investors own 60.88% of the company’s stock.

Jefferies Financial Group Price Performance

JEF stock opened at $59.11 on Friday. Jefferies Financial Group Inc. has a 52 week low of $40.72 and a 52 week high of $82.68. The firm has a market capitalization of $12.19 billion, a P/E ratio of 19.84 and a beta of 1.37. The company has a fifty day simple moving average of $68.29 and a two-hundred day simple moving average of $69.35. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.57.

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

Jefferies Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Friday, February 14th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.60 annualized dividend and a dividend yield of 2.71%. This is an increase from Jefferies Financial Group’s previous quarterly dividend of $0.35. Jefferies Financial Group’s payout ratio is currently 53.69%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Morgan Stanley dropped their target price on shares of Jefferies Financial Group from $92.00 to $81.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. The Goldman Sachs Group set a $75.00 price objective on Jefferies Financial Group in a research report on Wednesday, March 5th. Finally, Oppenheimer lowered Jefferies Financial Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday.

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.