30,422 Jefferies Financial Group Inc. $JEF Shares Sold by Hosking Partners LLP

Hosking Partners LLP reduced its position in Jefferies Financial Group Inc. (NYSE:JEF) by 6.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 473,389 shares of the financial services provider’s stock after selling 30,422 shares during the period. Hosking Partners LLP’s holdings in Jefferies Financial Group were worth $21,648,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JEF. Nisa Investment Advisors LLC raised its holdings in Jefferies Financial Group by 0.3% during the third quarter. Nisa Investment Advisors LLC now owns 65,437 shares of the financial services provider’s stock worth $2,992,000 after purchasing an additional 228 shares during the last quarter. Curated Wealth Partners LLC purchased a new stake in Jefferies Financial Group during the third quarter worth $205,000. GAMMA Investing LLC grew its holdings in Jefferies Financial Group by 86.2% in the third quarter. GAMMA Investing LLC now owns 1,709 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 791 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Jefferies Financial Group by 4.4% in the third quarter. Farther Finance Advisors LLC now owns 8,671 shares of the financial services provider’s stock valued at $397,000 after purchasing an additional 367 shares during the last quarter. Finally, Gradient Investments LLC grew its holdings in Jefferies Financial Group by 13.8% in the third quarter. Gradient Investments LLC now owns 351,573 shares of the financial services provider’s stock valued at $16,077,000 after purchasing an additional 42,679 shares during the last quarter. 60.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on JEF. Morgan Stanley dropped their price target on Jefferies Financial Group from $50.00 to $49.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 29th. UBS Group decreased their price objective on shares of Jefferies Financial Group from $65.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, September 11th. Capital One Financial set a $50.00 price objective on shares of Jefferies Financial Group in a research note on Tuesday, September 29th. Wall Street Zen cut shares of Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Oppenheimer dropped their target price on shares of Jefferies Financial Group from $76.00 to $71.00 and set an “outperform” rating for the company in a report on Tuesday, September 29th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $56.86.

Jefferies Financial Group Stock Down 0.1%

Shares of NYSE:JEF opened at $44.95 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.09. Jefferies Financial Group Inc. has a 52-week low of $35.53 and a 52-week high of $66.60. The stock’s fifty day simple moving average is $49.37 and its 200-day simple moving average is $51.67. The company has a market capitalization of $8.50 billion, a P/E ratio of 12.31 and a beta of 1.57.

Jefferies Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Monday, November 16th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, November 16th. Jefferies Financial Group’s dividend payout ratio (DPR) is currently 43.84%.

Jefferies Financial Group declared that its board has initiated a share buyback plan on Wednesday, June 24th that permits the company to buy back $250.00 million in shares. This repurchase authorization permits the financial services provider to reacquire up to 2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Jefferies Financial Group Company Profile

Jefferies Financial Group Inc (NYSE:JEF) is a diversified financial services company that operates primarily through its investment banking and capital markets subsidiary, Jefferies LLC. The company provides advisory services for mergers and acquisitions, restructuring and other corporate transactions, along with equity and debt underwriting, securities sales and trading, research, and prime brokerage services.

Jefferies also manages and invests capital through asset management and merchant banking activities.