First Trust Advisors LP Sells 570,687 Shares of Jefferies Financial Group Inc. (NYSE:JEF)

Financial Advisors


First Trust Advisors LP reduced its stake in Jefferies Financial Group (NYSE: JEF – Get Rating) by 9.1% during the fourth quarter, according to its latest Form 13F filed with the Securities and Exchange Commission. The company held 5,675,907 shares in the financial services provider after selling 570,687 shares during the period. First Trust Advisors LP held a 2.51% stake in Jefferies Financial Group, valued at $194,612,000, as of the latest SEC filing.

Several other institutional investors have also increased or decreased their stakes in the business. Charles Schwab Investment Management increased its stake in Jefferies Financial Group shares by 201.2% in the first quarter. Charles Schwab Investment Management Inc. purchased an additional 2,223,630 shares in him last quarter and now owns 3,328,739 shares in the financial services provider worth $109.35 million. Two Sigma Investments LP increased its stake in Jefferies Financial Group shares by 428.2% in the third quarter. Two Sigma Investments LP purchased an additional 647,069 shares last quarter and now owns 798,193 shares of the financial services provider, valued at $23,547,000. Renaissance Technologies LLC increased its stake in Jefferies Financial Group by 187.0% in the first quarter. Renaissance Technologies LLC acquired an additional 428,300 shares last quarter and now owns 657,289 shares of the financial services provider, valued at $21,592,000. Cubist Systematic Strategies LLC increased its stake in Jefferies Financial Group by 324.3% in the third quarter. Cubist Systematic Strategies LLC now owns 556,850 shares of the financial services provider, valued at $16,427,000, after acquiring an additional 425,611 shares in the previous quarter. Finally, Fisher Asset Management LLC purchased a new position in Jefferies Financial Group for a value of $10,267,000 during the third quarter. Institutional investors currently hold 66.04% of the shares.

Wall Street analyst speaks out

Several equity analysts recently gave their opinion on stock prices. Morgan Stanley downgraded Jefferies Financial Group Inc. stock from ‘equal weight’ to ‘underweight’ and lowered the company’s price target from $28.00 to $27.00 in a research note on Wednesday, April 12. . Oppenheimer cut its price target on Jefferies Financial Group stock to $40.00 from $42.00 and set the company’s rating to “outperform” in a research note on Thursday, April 6. Finally, StockNews.com took over reporting on shares of Jefferies Financial Group in a research note on Sunday, March 26th. They set a “Hold” rating on the company. One analyst issued a sell rating on the stock, three analysts issued a hold rating, and one analyst issued a buy rating. Based on MarketBeat.com data, the company’s consensus rating is currently “Hold” with a consensus price target of $36.00.

Jefferies Financial Group stock performance

NYSE: JEF shares opened Friday at $29.61. Jefferies Financial Group hit a 52-week low of $25.88 and a 52-week high of $40.80. The stock has a market cap of $6.91 billion, a P/E price of 12.65 times, and a beta of 1.38 times. The company’s 50-day simple moving average is $31.30 and its 200-day simple moving average is $35.07. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt to equity ratio of 1.04.

Jefferies Financial Group Announces Dividend

The company also recently announced a quarterly dividend payable on Friday, May 26. Shareholders of record on Monday, May 15 will be paid his $0.30 dividend. The ex-dividend date for this dividend will be Friday, May 12. This equates to a dividend of $1.20 for him on an annualized basis and a dividend yield of 4.05% for him. Jefferies Financial Group currently has a dividend payout ratio of 51.28%.

Jefferies Financial Group Company Profile

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Jefferies Financial Group, Inc is a holding company that provides financial services. It operates through investment banking, capital markets and wealth management. Investment Banking and Capital Markets segment provides investment banking, capital markets and other related services.

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Want to know if other hedge funds hold JEF? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Jefferies Financial Group Inc. (NYSE:JEF – Get Rating).

Quarterly institutional ownership of Jefferies Financial Group (NYSE:JEF)

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