14,616 Jefferies Financial Group Inc. $JEF Shares Purchased by Private Management Group Inc.

Private Management Group Inc. boosted its position in shares of Jefferies Financial Group Inc. (NYSE:JEF) by 1.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 767,534 shares of the financial services provider’s stock after acquiring an additional 14,616 shares during the quarter. Private Management Group Inc. owned about 0.41% of Jefferies Financial Group worth $35,099,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CX Institutional raised its stake in shares of Jefferies Financial Group by 77.6% in the second quarter. CX Institutional now owns 547 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 239 shares during the last quarter. Basecamp Wealth Advisors LLC increased its holdings in Jefferies Financial Group by 665.4% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 796 shares of the financial services provider’s stock worth $33,000 after buying an additional 692 shares during the period. Global Retirement Partners LLC acquired a new position in Jefferies Financial Group in the 2nd quarter worth approximately $36,000. Trust Co. of Vermont purchased a new position in Jefferies Financial Group during the 2nd quarter worth approximately $39,000. Finally, Provenance Wealth Advisors LLC purchased a new position in shares of Jefferies Financial Group during the third quarter worth $42,000. Institutional investors and hedge funds own 60.88% of the company’s stock.

Wall Street Analysts Forecast Growth

JEF has been the subject of several analyst reports. BMO Capital Markets decreased their price objective on Jefferies Financial Group from $57.00 to $50.00 and set a “market perform” rating for the company in a report on Tuesday, September 29th. UBS Group dropped their target price on Jefferies Financial Group from $65.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, September 11th. Oppenheimer dropped their target price on Jefferies Financial Group from $76.00 to $71.00 and set an “outperform” rating on the stock in a report on Tuesday, September 29th. Capital One Financial set a $50.00 target price on shares of Jefferies Financial Group in a report on Tuesday, September 29th. Finally, Weiss Ratings lowered shares of Jefferies Financial Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, August 27th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $56.86.

Jefferies Financial Group Stock Up 4.3%

Shares of JEF opened at $49.44 on Tuesday. The firm has a market cap of $9.35 billion, a P/E ratio of 13.55 and a beta of 1.54. Jefferies Financial Group Inc. has a 12 month low of $35.53 and a 12 month high of $66.60. The stock’s 50 day moving average is $47.82 and its two-hundred day moving average is $50.60. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.09.

Jefferies Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Monday, November 16th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.60 dividend on an annualized basis and a yield of 3.2%. Jefferies Financial Group’s dividend payout ratio (DPR) is currently 43.84%.

Jefferies Financial Group Profile

Jefferies Financial Group Inc is a global financial services company whose principal business is conducted through Jefferies, its investment banking and capital markets business. Jefferies advises companies and financial sponsors on mergers and acquisitions, restructurings and other strategic matters, and helps clients raise capital through debt and equity offerings. It also provides securities research, sales and trading, and related services to institutional investors and other clients.

The company serves clients across the Americas, Europe, the Middle East and Asia-Pacific.