GoodHaven Capital Management LLC Purchases 2,300 Shares of Jefferies Financial Group Inc. $JEF

GoodHaven Capital Management LLC lifted its position in Jefferies Financial Group Inc. (NYSE:JEF) by 0.5% in the second quarter, HoldingsChannel reports. The firm owned 442,287 shares of the financial services provider’s stock after buying an additional 2,300 shares during the period. Jefferies Financial Group makes up about 8.4% of GoodHaven Capital Management LLC’s portfolio, making the stock its 2nd biggest holding. GoodHaven Capital Management LLC’s holdings in Jefferies Financial Group were worth $24,189,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of JEF. Louisiana State Employees Retirement System grew its stake in shares of Jefferies Financial Group by 0.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 45,800 shares of the financial services provider’s stock valued at $2,505,000 after buying an additional 200 shares during the period. State of Michigan Retirement System lifted its holdings in Jefferies Financial Group by 0.5% in the second quarter. State of Michigan Retirement System now owns 39,216 shares of the financial services provider’s stock valued at $2,145,000 after acquiring an additional 200 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Jefferies Financial Group by 3.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,580 shares of the financial services provider’s stock valued at $415,000 after acquiring an additional 224 shares during the last quarter. HB Wealth Management LLC grew its position in Jefferies Financial Group by 4.6% in the second quarter. HB Wealth Management LLC now owns 6,188 shares of the financial services provider’s stock worth $338,000 after acquiring an additional 270 shares during the period. Finally, ProShare Advisors LLC increased its stake in Jefferies Financial Group by 4.2% during the second quarter. ProShare Advisors LLC now owns 7,225 shares of the financial services provider’s stock worth $395,000 after acquiring an additional 289 shares during the last quarter. 60.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

JEF has been the topic of several recent analyst reports. BMO Capital Markets decreased their price target on Jefferies Financial Group from $69.00 to $55.00 and set a “market perform” rating on the stock in a research note on Friday, October 17th. Wall Street Zen upgraded shares of Jefferies Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, September 20th. Capital One Financial set a $55.00 target price on shares of Jefferies Financial Group in a research report on Friday, October 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Jefferies Financial Group in a research report on Monday. Finally, Morgan Stanley set a $74.00 price target on shares of Jefferies Financial Group in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $68.83.

Jefferies Financial Group Stock Up 0.6%

Shares of JEF opened at $57.56 on Friday. The company’s 50-day simple moving average is $56.98 and its 200-day simple moving average is $57.12. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.05 and a current ratio of 1.05. Jefferies Financial Group Inc. has a 1 year low of $39.28 and a 1 year high of $82.68. The stock has a market capitalization of $11.87 billion, a PE ratio of 19.78 and a beta of 1.53.

Jefferies Financial Group (NYSE:JEF) last announced its quarterly earnings data on Monday, September 29th. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.22. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Jefferies Financial Group had a net margin of 7.40% and a return on equity of 7.25%. The business’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 earnings per share. Analysts forecast that Jefferies Financial Group Inc. will post 4.41 earnings per share for the current fiscal year.

Jefferies Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 17th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Monday, November 17th. Jefferies Financial Group’s dividend payout ratio (DPR) is presently 54.98%.

Jefferies Financial Group Profile

Jefferies Financial Group Inc operates as an investment banking and capital markets firm in the Americas, Europe, the Middle East, and the Asia-Pacific. The company operates in two segments, Investment Banking and Capital Markets, and Asset Management. It provides investment banking, advisory services with respect to mergers or acquisitions, debt financing, restructurings or recapitalizations, and private capital advisory transactions; underwriting and placement services related to corporate debt, municipal bonds, mortgage-backed and asset-backed securities, equity and equity-linked securities, and loan syndication services; and corporate lending services.