CI Investments Inc. lessened its stake in Jefferies Financial Group Inc. (NYSE:JEF – Get Rating) by 77.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,911 shares of the financial services provider’s stock after selling 9,998 shares during the period. CI Investments Inc.’s holdings in Jefferies Financial Group were worth $86,000 as of its most recent SEC filing.
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Other institutional investors have also recently made changes to their positions in the company. Ontario Teachers Pension Plan Board grew its position in shares of Jefferies Financial Group by 73.4% in the 2nd quarter. Ontario Teachers Pension Plan Board now owns 11,872 shares of the financial services provider’s stock valued at $328,000 after buying an additional 5,025 shares during the last quarter. Point72 Hong Kong Ltd boosted its position in shares of Jefferies Financial Group by 135.4% during the 3rd quarter. Point72 Hong Kong Ltd now owns 12,885 shares of the financial services provider’s stock valued at $380,000 after purchasing an additional 7,412 shares in the last quarter. PGGM Investments bought a new stake in shares of Jefferies Financial Group during the 3rd quarter valued at about $1,456,000. Meeder Asset Management Inc. boosted its position in shares of Jefferies Financial Group by 181.4% during the 2nd quarter. Meeder Asset Management Inc. now owns 4,818 shares of the financial services provider’s stock valued at $133,000 after purchasing an additional 3,106 shares in the last quarter. Finally, M&T Bank Corp bought a new stake in shares of Jefferies Financial Group during the 2nd quarter valued at about $118,000. Institutional investors own 66.04% of the company’s stock.
Wall Street Analysts Forecast Growth
JEF has been the topic of several research analyst reports. Keefe, Bruyette & Woods lowered Jefferies Financial Group from an “outperform” rating to a “market perform” rating and cut their target price for the company from $38.00 to $37.00 in a research report on Wednesday, December 21st. The Goldman Sachs Group lowered Jefferies Financial Group from a “buy” rating to a “neutral” rating and set a $40.00 target price on the stock. in a research report on Tuesday, January 10th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $37.75.
Jefferies Financial Group Stock Up 0.6 %
Shares of NYSE:JEF opened at $37.35 on Monday. The business’s 50 day simple moving average is $38.09 and its two-hundred day simple moving average is $35.38. The firm has a market cap of $8.50 billion, a P/E ratio of 12.33 and a beta of 1.42. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.16 and a current ratio of 1.16. Jefferies Financial Group Inc. has a 52-week low of $25.88 and a 52-week high of $40.80.
Jefferies Financial Group (NYSE:JEF – Get Rating) last announced its quarterly earnings results on Monday, January 9th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.57. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.25 billion. Jefferies Financial Group had a return on equity of 8.34% and a net margin of 12.90%. The company’s quarterly revenue was down 20.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 earnings per share. As a group, research analysts forecast that Jefferies Financial Group Inc. will post 3.39 EPS for the current fiscal year.
Jefferies Financial Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 24th. Stockholders of record on Monday, February 13th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.21%. The ex-dividend date was Friday, February 10th. Jefferies Financial Group’s dividend payout ratio (DPR) is presently 39.60%.
Jefferies Financial Group Company Profile
Jefferies Financial Group, Inc is a holding company, which engages in the provision of financial services. It operates through Investment Banking and Capital Markets, and Asset Management. The Investment Banking and Capital Markets segment provides investment banking, capital markets, and other related services.
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