Retirement Systems of Alabama reduced its stake in shares of Jefferies Financial Group Inc. (NYSE:JEF) by 6.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 625,395 shares of the financial services provider’s stock after selling 45,595 shares during the period. Retirement Systems of Alabama’s holdings in Jefferies Financial Group were worth $18,824,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in Jefferies Financial Group by 9.0% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 84,794 shares of the financial services provider’s stock worth $2,086,000 after acquiring an additional 7,000 shares in the last quarter. Schroder Investment Management Group boosted its holdings in shares of Jefferies Financial Group by 44.5% in the 4th quarter. Schroder Investment Management Group now owns 147,913 shares of the financial services provider’s stock valued at $3,638,000 after buying an additional 45,530 shares during the period. Artemis Investment Management LLP acquired a new position in shares of Jefferies Financial Group in the 4th quarter valued at about $13,744,000. Merrion Investment Management Co LLC acquired a new position in shares of Jefferies Financial Group in the 4th quarter valued at about $5,398,000. Finally, Balasa Dinverno & Foltz LLC acquired a new position in shares of Jefferies Financial Group in the 4th quarter valued at about $213,000. 67.10% of the stock is owned by institutional investors.
Several research firms have recently commented on JEF. TheStreet raised shares of Jefferies Financial Group from a “c+” rating to a “b-” rating in a report on Wednesday, March 24th. Zacks Investment Research upgraded shares of Jefferies Financial Group from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a research report on Friday, January 8th. Finally, Oppenheimer lifted their price objective on shares of Jefferies Financial Group from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, January 6th.
Jefferies Financial Group (NYSE:JEF) last released its quarterly earnings results on Tuesday, March 23rd. The financial services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.89. Jefferies Financial Group had a net margin of 13.67% and a return on equity of 8.88%. As a group, equities analysts anticipate that Jefferies Financial Group Inc. will post 1.69 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 28th. Shareholders of record on Monday, May 17th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, May 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.51%. Jefferies Financial Group’s dividend payout ratio (DPR) is 30.19%.
In other Jefferies Financial Group news, Director Stuart Harry Reese sold 10,000 shares of the business’s stock in a transaction dated Wednesday, April 7th. The shares were sold at an average price of $31.20, for a total transaction of $312,000.00. Following the sale, the director now directly owns 43,756 shares in the company, valued at approximately $1,365,187.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 24,000 shares of company stock worth $731,260 over the last 90 days. 14.80% of the stock is owned by insiders.
Jefferies Financial Group Company Profile
Jefferies Financial Group Inc engages in the investment banking and capital markets, asset management, and direct investing businesses in the Americas, Europe, the Middle East, Africa, and Asia. It operates through Investment Banking and Capital Markets, Asset Management, Merchant Banking, and Corporate segments.
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