Journey Strategic Wealth LLC Buys New Position in Jefferies Financial Group Inc. $JEF

Journey Strategic Wealth LLC purchased a new position in Jefferies Financial Group Inc. (NYSE:JEF) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,880 shares of the financial services provider’s stock, valued at approximately $322,000.

Several other large investors have also added to or reduced their stakes in the stock. Elequin Capital LP raised its holdings in Jefferies Financial Group by 117.9% in the 1st quarter. Elequin Capital LP now owns 549 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 297 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Jefferies Financial Group by 48.8% during the second quarter. Bessemer Group Inc. now owns 912 shares of the financial services provider’s stock valued at $50,000 after buying an additional 299 shares during the period. Hantz Financial Services Inc. increased its position in shares of Jefferies Financial Group by 3,577.8% during the second quarter. Hantz Financial Services Inc. now owns 993 shares of the financial services provider’s stock valued at $54,000 after buying an additional 966 shares during the period. IFP Advisors Inc raised its stake in Jefferies Financial Group by 87.9% in the first quarter. IFP Advisors Inc now owns 1,387 shares of the financial services provider’s stock worth $74,000 after buying an additional 649 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Jefferies Financial Group in the first quarter worth about $78,000. Institutional investors own 60.88% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Wall Street Zen upgraded Jefferies Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, September 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Jefferies Financial Group in a research report on Monday, November 17th. BMO Capital Markets decreased their price objective on Jefferies Financial Group from $69.00 to $55.00 and set a “market perform” rating for the company in a report on Friday, October 17th. Zacks Research raised Jefferies Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 3rd. Finally, Telsey Advisory Group set a $74.00 target price on shares of Jefferies Financial Group in a research report on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Jefferies Financial Group has a consensus rating of “Moderate Buy” and an average target price of $68.83.

Jefferies Financial Group Stock Up 1.8%

JEF stock opened at $54.60 on Monday. The business has a 50 day moving average of $58.09 and a 200 day moving average of $57.02. The firm has a market cap of $11.26 billion, a PE ratio of 18.76 and a beta of 1.53. Jefferies Financial Group Inc. has a twelve month low of $39.28 and a twelve month high of $82.68. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.76.

Jefferies Financial Group (NYSE:JEF) last released its earnings results on Monday, September 29th. The financial services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.22. Jefferies Financial Group had a return on equity of 7.25% and a net margin of 7.40%.The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same period in the prior year, the firm posted $0.75 earnings per share. The company’s quarterly revenue was up 21.6% on a year-over-year basis. On average, research analysts forecast that Jefferies Financial Group Inc. will post 4.41 EPS for the current fiscal year.

Jefferies Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 17th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, November 17th. Jefferies Financial Group’s dividend payout ratio (DPR) is currently 54.98%.

About Jefferies Financial Group

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.