Verition Fund Management LLC Buys New Holdings in Jefferies Financial Group Inc (NYSE:JEF)

Verition Fund Management LLC bought a new stake in Jefferies Financial Group Inc (NYSE:JEF) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,969 shares of the financial services provider’s stock, valued at approximately $217,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of JEF. CWM Advisors LLC acquired a new position in shares of Jefferies Financial Group in the first quarter valued at $40,000. Cullen Frost Bankers Inc. raised its stake in Jefferies Financial Group by 262.8% during the second quarter. Cullen Frost Bankers Inc. now owns 6,128 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 4,439 shares in the last quarter. Crewe Advisors LLC acquired a new position in Jefferies Financial Group during the second quarter worth $117,000. Macquarie Group Ltd. raised its stake in Jefferies Financial Group by 391.1% during the second quarter. Macquarie Group Ltd. now owns 9,330 shares of the financial services provider’s stock worth $145,000 after acquiring an additional 7,430 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Jefferies Financial Group by 4,591.8% during the first quarter. Tower Research Capital LLC TRC now owns 11,448 shares of the financial services provider’s stock worth $157,000 after acquiring an additional 11,204 shares in the last quarter. Institutional investors and hedge funds own 70.80% of the company’s stock.

Jefferies Financial Group stock opened at $17.19 on Wednesday. The business’s 50-day simple moving average is $17.27 and its 200 day simple moving average is $15.53. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of 13.22 and a beta of 1.44. Jefferies Financial Group Inc has a 12-month low of $11.20 and a 12-month high of $24.03. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.06.

Jefferies Financial Group (NYSE:JEF) last posted its quarterly earnings results on Monday, June 29th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.19. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $844.30 million. Jefferies Financial Group had a return on equity of 4.86% and a net margin of 10.16%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.14 earnings per share. As a group, sell-side analysts expect that Jefferies Financial Group Inc will post 0.91 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 17th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.49%. The ex-dividend date was Friday, August 14th. Jefferies Financial Group’s dividend payout ratio is 45.45%.

In related news, President Brian P. Friedman bought 5,000 shares of Jefferies Financial Group stock in a transaction on Monday, July 13th. The shares were purchased at an average price of $16.27 per share, for a total transaction of $81,350.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 14.80% of the stock is owned by company insiders.

Several research analysts have issued reports on the company. ValuEngine lowered Jefferies Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday. TheStreet upgraded Jefferies Financial Group from a “d+” rating to a “c-” rating in a research note on Friday, July 31st. Zacks Investment Research lowered Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Oppenheimer increased their target price on Jefferies Financial Group from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, June 30th.

Jefferies Financial Group Company Profile

Jefferies Financial Group Inc, a financial services company, engages in investment banking and capital markets, asset management, and direct investing businesses in the Americas, Europe, and Asia. the company also offers equities research, sales, and trading services; equity finance services comprising financing, securities lending, and other prime brokerage services; and wealth management services to high net worth individuals, their families and businesses, private equity and venture funds, and small institutions.

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Institutional Ownership by Quarter for Jefferies Financial Group (NYSE:JEF)

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