Corient Private Wealth LP Invests $1.63 Million in Jefferies Financial Group Inc. $JEF

Corient Private Wealth LP purchased a new stake in Jefferies Financial Group Inc. (NYSE:JEF) during the 2nd quarter, Holdings Channel reports. The fund purchased 32,605 shares of the financial services provider’s stock, valued at approximately $1,630,000.

A number of other large investors have also made changes to their positions in JEF. Smithfield Trust Co acquired a new stake in shares of Jefferies Financial Group during the 4th quarter worth about $27,000. CX Institutional raised its holdings in Jefferies Financial Group by 77.6% in the 2nd quarter. CX Institutional now owns 547 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 239 shares during the last quarter. Elyxium Wealth LLC acquired a new position in Jefferies Financial Group in the 4th quarter valued at $28,000. Ramirez Asset Management Inc. purchased a new position in shares of Jefferies Financial Group during the 4th quarter worth $31,000. Finally, Basecamp Wealth Advisors LLC boosted its holdings in shares of Jefferies Financial Group by 665.4% during the first quarter. Basecamp Wealth Advisors LLC now owns 796 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 692 shares during the last quarter. Institutional investors and hedge funds own 60.88% of the company’s stock.

Jefferies Financial Group Stock Up 2.3%

Shares of NYSE JEF opened at $54.10 on Friday. The stock has a market capitalization of $10.48 billion, a PE ratio of 15.11 and a beta of 1.52. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.99. The firm has a fifty day moving average of $53.96 and a 200-day moving average of $50.63. Jefferies Financial Group Inc. has a 52-week low of $35.53 and a 52-week high of $71.04.

Jefferies Financial Group (NYSE:JEF) last issued its earnings results on Wednesday, June 24th. The financial services provider reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.14). Jefferies Financial Group had a return on equity of 9.23% and a net margin of 7.58%.The firm had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same period last year, the business posted $0.40 earnings per share. The company’s quarterly revenue was up 35.0% compared to the same quarter last year. On average, analysts anticipate that Jefferies Financial Group Inc. will post 3.71 EPS for the current year.

Jefferies Financial Group announced that its Board of Directors has initiated a share buyback program on Wednesday, June 24th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the financial services provider to buy up to 2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Jefferies Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, August 18th. This represents a $1.60 annualized dividend and a yield of 3.0%. Jefferies Financial Group’s dividend payout ratio is currently 44.69%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Morgan Stanley lifted their price objective on Jefferies Financial Group from $44.00 to $50.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 9th. UBS Group decreased their price target on Jefferies Financial Group from $67.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, June 25th. The Goldman Sachs Group restated a “buy” rating on shares of Jefferies Financial Group in a report on Friday, June 5th. Oppenheimer dropped their price objective on shares of Jefferies Financial Group from $87.00 to $83.00 and set an “outperform” rating for the company in a research note on Thursday, June 25th. Finally, BMO Capital Markets increased their price objective on shares of Jefferies Financial Group from $42.00 to $60.00 and gave the stock a “market perform” rating in a report on Monday, June 8th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $62.62.

Trending Headlines about Jefferies Financial Group

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

• Positive Sentiment: A fund linked to Jefferies secured a freezing order against iron-ore trader Radiant World in London. The action could help protect or recover assets tied to the dispute, though Jefferies holds only a minority stake in the fund. Jefferies-linked fund takes legal action against trader Radiant World in London
• Positive Sentiment: Jefferies analysts issued several bullish recommendations, including Buy ratings on Cameco, enCore Energy, Nouveau Monde Mining and Welspun Corp. These actions highlight continued research activity and may support the firm’s investment-banking and brokerage franchise, but they have limited direct impact on JEF’s near-term earnings. Welspun Corp shares jump after Jefferies Buy rating
• Neutral Sentiment: Jefferies announced that it will hold its annual Investor Meeting on October 19, where management will discuss its major businesses and answer investor questions. The event could provide updates on strategy, capital allocation and business trends, but registration and presentation details are not yet available. Jefferies Financial Group to Host Annual Investor Meeting
• Negative Sentiment: The Radiant World litigation introduces potential legal and credit-related uncertainty for the Jefferies-linked fund. The direct effect on JEF is likely limited unless losses, recoveries or additional exposure become material. Jefferies Unit Wins Freezing Order Against Trader Radiant World

Jefferies Financial Group Company Profile

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.