Cinctive Capital Management LP Sells 151,634 Shares of Jefferies Financial Group Inc. (NYSE:JEF)

Cinctive Capital Management LP cut its holdings in Jefferies Financial Group Inc. (NYSE:JEF) by 68.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 70,230 shares of the financial services provider’s stock after selling 151,634 shares during the quarter. Cinctive Capital Management LP’s holdings in Jefferies Financial Group were worth $5,506,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. BNP Paribas Financial Markets raised its position in Jefferies Financial Group by 28.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 17,731 shares of the financial services provider’s stock worth $1,091,000 after purchasing an additional 3,877 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Jefferies Financial Group by 47.6% during the third quarter. Rockefeller Capital Management L.P. now owns 38,555 shares of the financial services provider’s stock worth $2,373,000 after acquiring an additional 12,441 shares during the last quarter. Verition Fund Management LLC lifted its stake in shares of Jefferies Financial Group by 530.5% during the third quarter. Verition Fund Management LLC now owns 36,950 shares of the financial services provider’s stock valued at $2,274,000 after acquiring an additional 31,090 shares during the period. Prana Capital Management LP boosted its holdings in Jefferies Financial Group by 198.1% in the third quarter. Prana Capital Management LP now owns 27,121 shares of the financial services provider’s stock valued at $1,669,000 after acquiring an additional 18,023 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in Jefferies Financial Group during the 3rd quarter worth about $123,000. 60.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. StockNews.com cut shares of Jefferies Financial Group from a “hold” rating to a “sell” rating in a research note on Monday. The Goldman Sachs Group set a $75.00 price target on Jefferies Financial Group in a research report on Wednesday, March 5th. Morgan Stanley dropped their price objective on Jefferies Financial Group from $81.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Finally, Oppenheimer cut Jefferies Financial Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th.

Jefferies Financial Group Stock Up 3.2 %

Shares of Jefferies Financial Group stock opened at $55.24 on Thursday. The company has a market capitalization of $11.39 billion, a P/E ratio of 18.54 and a beta of 1.37. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.07 and a quick ratio of 1.07. The business has a 50-day moving average of $65.16 and a two-hundred day moving average of $69.40. Jefferies Financial Group Inc. has a 1 year low of $40.72 and a 1 year high of $82.68.

Jefferies Financial Group (NYSE:JEF) last announced its earnings results on Wednesday, March 26th. The financial services provider reported $0.60 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.28). The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.93 billion. Jefferies Financial Group had a return on equity of 7.92% and a net margin of 10.57%. The business’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter last year, the business posted $0.87 earnings per share. As a group, equities analysts predict that Jefferies Financial Group Inc. will post 4.41 EPS for the current year.

Jefferies Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Monday, May 19th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Monday, May 19th. Jefferies Financial Group’s payout ratio is presently 55.36%.

About Jefferies Financial Group

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.