OppenheimerFunds Inc. purchased a new position in Jefferies Financial Group Inc (NYSE:JEF) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 63,602 shares of the financial services provider’s stock, valued at approximately $1,446,000.

Several other large investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Jefferies Financial Group in the 2nd quarter worth $472,764,000. Baillie Gifford & Co. bought a new position in shares of Jefferies Financial Group in the 2nd quarter worth $310,836,000. Bank of New York Mellon Corp bought a new position in shares of Jefferies Financial Group in the 2nd quarter worth $260,247,000. Great West Life Assurance Co. Can bought a new position in shares of Jefferies Financial Group in the 2nd quarter worth $134,713,000. Finally, Burgundy Asset Management Ltd. bought a new position in shares of Jefferies Financial Group in the 2nd quarter worth $79,578,000. 74.16% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods assumed coverage on shares of Jefferies Financial Group in a report on Monday, August 20th. They issued an “outperform” rating and a $29.00 price target on the stock. ValuEngine raised shares of Jefferies Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 25th. Finally, Zacks Investment Research raised shares of Jefferies Financial Group from a “hold” rating to a “strong-buy” rating and set a $26.00 price target on the stock in a report on Saturday, June 23rd.

Shares of NYSE:JEF opened at $22.69 on Wednesday. The firm has a market capitalization of $7.73 billion, a PE ratio of 19.81 and a beta of 1.16. Jefferies Financial Group Inc has a one year low of $21.61 and a one year high of $28.30. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.59 and a current ratio of 0.59.

Jefferies Financial Group (NYSE:JEF) last issued its quarterly earnings results on Thursday, July 26th. The financial services provider reported $2.03 EPS for the quarter, topping the Zacks’ consensus estimate of $1.88 by $0.15. Jefferies Financial Group had a net margin of 7.60% and a return on equity of 4.52%. The firm had revenue of $911.15 million for the quarter, compared to analyst estimates of $789.70 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. research analysts expect that Jefferies Financial Group Inc will post 1.46 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Monday, September 17th will be paid a $0.125 dividend. This is a boost from Jefferies Financial Group’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, September 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.20%. Jefferies Financial Group’s dividend payout ratio is 30.30%.

Jefferies Financial Group Company Profile

Jefferies Financial Group Inc, a financial services company, offers a range of products and services in investment banking, equities, fixed income, and wealth management in the Americas, Europe, and Asia. It engages in the debt capital market, equity capital market, merger and acquisition, private capital advisory, and restructuring and recapitalization businesses.

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

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