Check Capital Management Inc. CA Acquires Shares of 452,487 Jefferies Financial Group Inc. $JEF

Check Capital Management Inc. CA acquired a new stake in shares of Jefferies Financial Group Inc. (NYSE:JEFFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 452,487 shares of the financial services provider’s stock, valued at approximately $28,041,000. Jefferies Financial Group comprises approximately 0.8% of Check Capital Management Inc. CA’s holdings, making the stock its 11th biggest position.

Other hedge funds have also recently made changes to their positions in the company. Salomon & Ludwin LLC grew its holdings in shares of Jefferies Financial Group by 75.0% during the fourth quarter. Salomon & Ludwin LLC now owns 413 shares of the financial services provider’s stock valued at $27,000 after buying an additional 177 shares during the last quarter. Elyxium Wealth LLC acquired a new position in shares of Jefferies Financial Group during the fourth quarter valued at about $28,000. Root Financial Partners LLC acquired a new position in shares of Jefferies Financial Group during the third quarter valued at about $30,000. Nvwm LLC acquired a new position in shares of Jefferies Financial Group during the fourth quarter valued at about $31,000. Finally, Chilton Capital Management LLC acquired a new position in shares of Jefferies Financial Group during the third quarter valued at about $36,000. 60.88% of the stock is currently owned by institutional investors and hedge funds.

Jefferies Financial Group Stock Up 1.0%

JEF opened at $51.59 on Thursday. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.04 and a quick ratio of 1.04. The company’s 50-day moving average is $44.97 and its 200 day moving average is $53.08. Jefferies Financial Group Inc. has a fifty-two week low of $35.53 and a fifty-two week high of $71.04. The firm has a market capitalization of $10.55 billion, a P/E ratio of 17.43 and a beta of 1.53.

Jefferies Financial Group (NYSE:JEFGet Free Report) last released its quarterly earnings results on Wednesday, March 25th. The financial services provider reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.19). Jefferies Financial Group had a net margin of 6.61% and a return on equity of 7.83%. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the previous year, the business earned $0.57 earnings per share. The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. Research analysts expect that Jefferies Financial Group Inc. will post 3.79 earnings per share for the current fiscal year.

Jefferies Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Monday, May 18th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, May 18th. Jefferies Financial Group’s dividend payout ratio (DPR) is presently 54.05%.

Key Headlines Impacting Jefferies Financial Group

Here are the key news stories impacting Jefferies Financial Group this week:

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. UBS Group reduced their price objective on shares of Jefferies Financial Group from $76.00 to $59.00 and set a “buy” rating for the company in a report on Thursday, March 12th. BMO Capital Markets reduced their price objective on shares of Jefferies Financial Group from $68.00 to $42.00 and set a “market perform” rating for the company in a report on Monday, March 23rd. Oppenheimer reduced their price objective on shares of Jefferies Financial Group from $97.00 to $74.00 and set an “outperform” rating for the company in a report on Friday, March 13th. Zacks Research upgraded shares of Jefferies Financial Group from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. Finally, The Goldman Sachs Group lifted their price objective on shares of Jefferies Financial Group from $47.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Jefferies Financial Group has a consensus rating of “Hold” and a consensus price target of $58.14.

Get Our Latest Analysis on JEF

Jefferies Financial Group Company Profile

(Free Report)

Jefferies Financial Group Inc is a diversified financial services company that provides a range of investment banking, capital markets and asset management services to corporations, governments and institutional investors worldwide. Through its core platform, Jefferies offers advisory services for mergers and acquisitions, debt and equity underwriting, restructuring and recapitalization. The firm also operates a global sales and trading business covering equities, fixed income and foreign exchange products, complemented by equity research and macroeconomic analysis.

In addition to its capital markets franchise, Jefferies maintains a growing asset management division that delivers customized investment solutions across public and private markets.

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

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