Prana Capital Management LP Acquires 19,413 Shares of Jefferies Financial Group Inc. $JEF

Prana Capital Management LP raised its holdings in Jefferies Financial Group Inc. (NYSE:JEFFree Report) by 26.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 92,194 shares of the financial services provider’s stock after acquiring an additional 19,413 shares during the period. Prana Capital Management LP’s holdings in Jefferies Financial Group were worth $6,031,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Norges Bank purchased a new position in Jefferies Financial Group in the 2nd quarter valued at approximately $107,356,000. Eminence Capital LP lifted its position in shares of Jefferies Financial Group by 129.7% during the third quarter. Eminence Capital LP now owns 3,358,561 shares of the financial services provider’s stock worth $219,717,000 after acquiring an additional 1,896,547 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of Jefferies Financial Group by 6,056.0% in the second quarter. Federated Hermes Inc. now owns 949,070 shares of the financial services provider’s stock worth $51,905,000 after acquiring an additional 933,653 shares during the period. Alyeska Investment Group L.P. purchased a new position in shares of Jefferies Financial Group in the third quarter valued at $49,783,000. Finally, Fisher Asset Management LLC grew its position in shares of Jefferies Financial Group by 45.2% in the second quarter. Fisher Asset Management LLC now owns 2,082,840 shares of the financial services provider’s stock valued at $113,911,000 after purchasing an additional 648,762 shares in the last quarter. 60.88% of the stock is owned by institutional investors.

More Jefferies Financial Group News

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Wall Street Analysts Forecast Growth

Several research analysts have commented on JEF shares. Zacks Research downgraded Jefferies Financial Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 11th. Morgan Stanley downgraded shares of Jefferies Financial Group from an “overweight” rating to an “equal weight” rating and set a $49.00 price target on the stock. in a report on Monday, March 9th. Oppenheimer cut their price objective on shares of Jefferies Financial Group from $97.00 to $74.00 and set an “outperform” rating for the company in a research report on Friday, March 13th. UBS Group decreased their target price on shares of Jefferies Financial Group from $76.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Jefferies Financial Group in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $60.00.

Read Our Latest Analysis on JEF

Jefferies Financial Group Stock Performance

Shares of JEF opened at $38.07 on Wednesday. Jefferies Financial Group Inc. has a 12-month low of $35.53 and a 12-month high of $71.04. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.73. The company has a market cap of $7.86 billion, a PE ratio of 13.45 and a beta of 1.52. The stock has a 50-day moving average price of $53.85 and a 200-day moving average price of $57.71.

Jefferies Financial Group (NYSE:JEFGet Free Report) last posted its quarterly earnings data on Wednesday, January 7th. The financial services provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.13. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Jefferies Financial Group had a net margin of 6.56% and a return on equity of 7.27%. Jefferies Financial Group’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.91 earnings per share. As a group, equities analysts forecast that Jefferies Financial Group Inc. will post 4.41 earnings per share for the current fiscal year.

Jefferies Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.2%. Jefferies Financial Group’s dividend payout ratio is presently 56.54%.

Jefferies Financial Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Jefferies Financial Group (NYSE:JEF)

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