Redmont Wealth Advisors LLC Buys Shares of 14,499 Jefferies Financial Group Inc. $JEF

Redmont Wealth Advisors LLC bought a new stake in shares of Jefferies Financial Group Inc. (NYSE:JEFFree Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,499 shares of the financial services provider’s stock, valued at approximately $949,000. Jefferies Financial Group accounts for 1.3% of Redmont Wealth Advisors LLC’s holdings, making the stock its 21st biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Boston Common Asset Management LLC bought a new position in Jefferies Financial Group during the third quarter valued at approximately $4,011,000. AlphaQuest LLC lifted its position in Jefferies Financial Group by 927.8% in the third quarter. AlphaQuest LLC now owns 26,004 shares of the financial services provider’s stock worth $1,701,000 after buying an additional 23,474 shares during the last quarter. Voya Investment Management LLC boosted its stake in shares of Jefferies Financial Group by 71.8% during the 3rd quarter. Voya Investment Management LLC now owns 50,453 shares of the financial services provider’s stock worth $3,301,000 after purchasing an additional 21,085 shares during the period. Brian Low Financial Group LLC purchased a new position in shares of Jefferies Financial Group during the third quarter valued at approximately $1,358,000. Finally, Covea Finance bought a new position in Jefferies Financial Group in the 3rd quarter valued at $11,488,000. Hedge funds and other institutional investors own 60.88% of the company’s stock.

Key Jefferies Financial Group News

Here are the key news stories impacting Jefferies Financial Group this week:

Jefferies Financial Group Price Performance

Jefferies Financial Group stock opened at $53.85 on Thursday. The stock has a market capitalization of $11.12 billion, a P/E ratio of 19.03 and a beta of 1.50. The company’s fifty day moving average price is $61.13 and its 200 day moving average price is $60.00. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.99 and a current ratio of 0.99. Jefferies Financial Group Inc. has a 1 year low of $39.28 and a 1 year high of $71.24.

Jefferies Financial Group (NYSE:JEFGet Free Report) last issued its quarterly earnings results on Wednesday, January 7th. The financial services provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.13. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $0.91 EPS. As a group, equities research analysts anticipate 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 announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, February 17th. Jefferies Financial Group’s payout ratio is currently 56.54%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Jefferies Financial Group in a research note on Monday, December 29th. Morgan Stanley set a $78.00 target price on Jefferies Financial Group and gave the company an “overweight” rating in a research note on Monday, December 8th. Oppenheimer upped their price target on Jefferies Financial Group from $81.00 to $97.00 and gave the stock an “outperform” rating in a research report on Thursday, December 11th. UBS Group reaffirmed a “buy” rating on shares of Jefferies Financial Group in a research report on Tuesday, December 30th. Finally, Zacks Research cut Jefferies Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Jefferies Financial Group currently has an average rating of “Moderate Buy” and a consensus target price of $72.71.

View Our Latest Stock Report on Jefferies Financial Group

Jefferies Financial Group Company 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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