Bridgewater Associates LP Has $5.77 Million Position in Jefferies Financial Group Inc. (NYSE:JEF)

Bridgewater Associates LP boosted its stake in shares of Jefferies Financial Group Inc. (NYSE:JEFGet Rating) by 695.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 209,005 shares of the financial services provider’s stock after buying an additional 182,730 shares during the quarter. Bridgewater Associates LP’s holdings in Jefferies Financial Group were worth $5,773,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of JEF. Denali Advisors LLC boosted its position in Jefferies Financial Group by 80.0% during the second quarter. Denali Advisors LLC now owns 900 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 400 shares during the last quarter. Parallel Advisors LLC boosted its position in Jefferies Financial Group by 64.5% during the second quarter. Parallel Advisors LLC now owns 1,189 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 466 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Jefferies Financial Group by 3,325.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,884 shares of the financial services provider’s stock valued at $52,000 after buying an additional 1,829 shares during the period. Signaturefd LLC raised its stake in Jefferies Financial Group by 24.0% in the first quarter. Signaturefd LLC now owns 2,632 shares of the financial services provider’s stock valued at $86,000 after buying an additional 510 shares during the period. Finally, SeaCrest Wealth Management LLC bought a new stake in Jefferies Financial Group in the second quarter valued at approximately $90,000. 67.62% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the company. The Goldman Sachs Group upped their price objective on Jefferies Financial Group from $33.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Oppenheimer dropped their price objective on Jefferies Financial Group to $46.00 in a research note on Wednesday, October 5th. StockNews.com assumed coverage on Jefferies Financial Group in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Keefe, Bruyette & Woods upgraded Jefferies Financial Group from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $30.00 to $38.00 in a research note on Monday, September 5th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Jefferies Financial Group has a consensus rating of “Moderate Buy” and a consensus price target of $37.25.

Insider Transactions at Jefferies Financial Group

In other news, President Brian P. Friedman sold 500,000 shares of the stock in a transaction that occurred on Monday, October 24th. The stock was sold at an average price of $32.85, for a total transaction of $16,425,000.00. Following the transaction, the president now owns 6,722,213 shares in the company, valued at $220,824,697.05. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 17.90% of the stock is owned by corporate insiders.

Jefferies Financial Group Price Performance

Shares of NYSE JEF opened at $37.67 on Thursday. The firm has a market cap of $8.62 billion, a P/E ratio of 10.29 and a beta of 1.38. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.96. Jefferies Financial Group Inc. has a 1-year low of $25.88 and a 1-year high of $41.49. The business’s 50 day moving average is $33.28 and its 200-day moving average is $31.78.

Jefferies Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 29th. Stockholders of record on Monday, November 14th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.19%. Jefferies Financial Group’s dividend payout ratio (DPR) is currently 32.79%.

Jefferies Financial Group Profile

(Get Rating)

Jefferies Financial Group Inc engages in the investment banking and capital markets, and asset management businesses in the Americas, Europe, the Middle East, Africa, and Asia. The company operates in Investment Banking and Capital Markets, Asset Management, Merchant Banking, and Corporate segments. It provides investment banking, advisory services with respect to mergers or acquisitions, restructurings or recapitalizations and private capital advisory transactions; equity and debt underwriting; and corporate lending.

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

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