NewEdge Wealth LLC Acquires 14,812 Shares of Jefferies Financial Group Inc. $JEF

NewEdge Wealth LLC raised its holdings in shares of Jefferies Financial Group Inc. (NYSE:JEF) by 1.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 924,615 shares of the financial services provider’s stock after acquiring an additional 14,812 shares during the period. NewEdge Wealth LLC’s holdings in Jefferies Financial Group were worth $57,298,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Salomon & Ludwin LLC grew its position in shares of Jefferies Financial Group by 75.0% during the 4th quarter. Salomon & Ludwin LLC now owns 413 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 177 shares during the period. Root Financial Partners LLC bought a new position in Jefferies Financial Group in the 3rd quarter worth $30,000. Nvwm LLC bought a new position in Jefferies Financial Group in the 4th quarter worth $31,000. Chilton Capital Management LLC purchased a new position in Jefferies Financial Group during the third quarter valued at $36,000. Finally, First Horizon Corp grew its holdings in Jefferies Financial Group by 68.1% during the fourth quarter. First Horizon Corp now owns 622 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 252 shares during the period. Hedge funds and other institutional investors own 60.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on JEF shares. Oppenheimer decreased their price objective on Jefferies Financial Group from $97.00 to $74.00 and set an “outperform” rating on the stock in a research note on Friday, March 13th. Zacks Research upgraded shares of Jefferies Financial Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 9th. The Goldman Sachs Group lifted their price target on shares of Jefferies Financial Group from $47.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Jefferies Financial Group in a research report on Friday, March 27th. Finally, Morgan Stanley cut shares of Jefferies Financial Group from an “overweight” rating to an “equal weight” rating and set a $49.00 price objective for the company. in a research note on Monday, March 9th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Jefferies Financial Group has an average rating of “Hold” and a consensus price target of $58.14.

Jefferies Financial Group Stock Performance

NYSE:JEF opened at $52.89 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.87. Jefferies Financial Group Inc. has a 12-month low of $35.53 and a 12-month high of $71.04. The stock has a 50-day moving average price of $43.54 and a 200 day moving average price of $53.24. The stock has a market capitalization of $10.81 billion, a P/E ratio of 17.87 and a beta of 1.53.

Jefferies Financial Group (NYSE:JEF) last posted its quarterly earnings results on Wednesday, March 25th. The financial services provider reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.19). Jefferies Financial Group had a return on equity of 7.83% and a net margin of 6.61%.The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the prior year, the firm posted $0.57 earnings per share. The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. Equities research analysts forecast that Jefferies Financial Group Inc. will post 3.79 EPS for the current fiscal year.

Jefferies Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Monday, May 18th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, May 18th. Jefferies Financial Group’s payout ratio is 54.05%.

Jefferies Financial Group 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.