Los Angeles Capital Management LLC Sells 1,056 Shares of Jefferies Financial Group Inc. (NYSE:JEF)

Los Angeles Capital Management LLC lessened its stake in shares of Jefferies Financial Group Inc. (NYSE:JEF) by 16.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,238 shares of the financial services provider’s stock after selling 1,056 shares during the period. Los Angeles Capital Management LLC’s holdings in Jefferies Financial Group were worth $261,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV increased its holdings in shares of Jefferies Financial Group by 75.7% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 520 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 224 shares in the last quarter. Raymond James Trust N.A. increased its holdings in shares of Jefferies Financial Group by 1.9% in the 2nd quarter. Raymond James Trust N.A. now owns 16,800 shares of the financial services provider’s stock worth $836,000 after purchasing an additional 317 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Jefferies Financial Group by 5.0% in the 1st quarter. UMB Bank n.a. now owns 7,640 shares of the financial services provider’s stock worth $337,000 after purchasing an additional 364 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of Jefferies Financial Group by 0.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 59,046 shares of the financial services provider’s stock worth $2,386,000 after purchasing an additional 448 shares in the last quarter. Finally, Corient Private Wealth LLC increased its holdings in shares of Jefferies Financial Group by 0.4% in the 4th quarter. Corient Private Wealth LLC now owns 102,662 shares of the financial services provider’s stock worth $4,149,000 after purchasing an additional 455 shares in the last quarter. Institutional investors own 60.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on JEF shares. Oppenheimer raised their price target on Jefferies Financial Group from $64.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday. StockNews.com downgraded Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, June 21st. Finally, Morgan Stanley raised their price target on Jefferies Financial Group from $44.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd.

Jefferies Financial Group Price Performance

NYSE JEF opened at $58.54 on Monday. The company has a market capitalization of $12.03 billion, a PE ratio of 32.34 and a beta of 1.32. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.91 and a current ratio of 0.91. The business’s fifty day moving average is $56.25 and its 200 day moving average is $48.94. Jefferies Financial Group Inc. has a fifty-two week low of $31.38 and a fifty-two week high of $59.97.

Jefferies Financial Group (NYSE:JEF) last released its earnings results on Wednesday, June 26th. The financial services provider reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.01. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.59 billion. Jefferies Financial Group had a return on equity of 5.37% and a net margin of 7.82%. Jefferies Financial Group’s quarterly revenue was up 59.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 earnings per share. Sell-side analysts predict that Jefferies Financial Group Inc. will post 3.27 earnings per share for the current year.

Jefferies Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, August 19th. This is an increase from Jefferies Financial Group’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a yield of 2.39%. Jefferies Financial Group’s payout ratio is 77.35%.

Jefferies Financial Group Profile

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.