APG Asset Management N.V. Buys New Stake in Jefferies Financial Group Inc (JEF)
APG Asset Management N.V. bought a new stake in Jefferies Financial Group Inc (NYSE:JEF) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 38,400 shares of the financial services provider’s stock, valued at approximately $583,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Paloma Partners Management Co boosted its holdings in Jefferies Financial Group by 109.0% during the third quarter. Paloma Partners Management Co now owns 159,388 shares of the financial services provider’s stock valued at $3,499,000 after purchasing an additional 83,137 shares in the last quarter. Worldquant Millennium Quantitative Strategies LLC lifted its position in shares of Jefferies Financial Group by 27.3% during the 4th quarter. Worldquant Millennium Quantitative Strategies LLC now owns 30,704 shares of the financial services provider’s stock worth $533,000 after buying an additional 6,593 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in shares of Jefferies Financial Group during the 4th quarter worth approximately $1,012,000. Standard Life Aberdeen plc bought a new position in shares of Jefferies Financial Group during the 3rd quarter worth approximately $3,008,000. Finally, Crossmark Global Holdings Inc. boosted its stake in Jefferies Financial Group by 26.4% in the 4th quarter. Crossmark Global Holdings Inc. now owns 84,640 shares of the financial services provider’s stock valued at $1,469,000 after buying an additional 17,680 shares in the last quarter. 79.29% of the stock is currently owned by institutional investors and hedge funds.
Shares of Jefferies Financial Group stock opened at $19.82 on Wednesday. Jefferies Financial Group Inc has a 12-month low of $16.20 and a 12-month high of $25.07. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.36 and a quick ratio of 1.36.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 20th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Friday, May 17th.
JEF has been the topic of a number of analyst reports. Zacks Investment Research cut Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. ValuEngine cut Jefferies Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Finally, Oppenheimer cut their price objective on Jefferies Financial Group from $32.00 to $30.00 in a report on Friday, January 11th.
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About Jefferies Financial Group
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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