Robert D. Beyer Sells 46,200 Shares of Jefferies Financial Group Inc. (NYSE:JEF) Stock

Jefferies Financial Group Inc. (NYSE:JEF) Director Robert D. Beyer sold 46,200 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $64.07, for a total transaction of $2,960,034.00. Following the completion of the sale, the director now directly owns 100,375 shares in the company, valued at approximately $6,431,026.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Jefferies Financial Group Stock Up 0.4 %

Jefferies Financial Group stock opened at $64.26 on Friday. The stock has a market cap of $13.21 billion, a P/E ratio of 27.46 and a beta of 1.32. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.53. Jefferies Financial Group Inc. has a twelve month low of $32.75 and a twelve month high of $67.79. The company’s 50-day moving average price is $61.79 and its two-hundred day moving average price is $53.69.

Jefferies Financial Group (NYSE:JEF) last released its quarterly earnings results on Wednesday, September 25th. The financial services provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.03). The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.71 billion. Jefferies Financial Group had a net margin of 9.27% and a return on equity of 6.40%. The firm’s revenue was up 42.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.32 earnings per share. As a group, analysts expect that Jefferies Financial Group Inc. will post 3.13 EPS for the current year.

Jefferies Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.18%. Jefferies Financial Group’s payout ratio is presently 59.83%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC grew its position in shares of Jefferies Financial Group by 15.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,049,815 shares of the financial services provider’s stock worth $350,799,000 after purchasing an additional 936,424 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Jefferies Financial Group by 1.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,232,280 shares of the financial services provider’s stock worth $210,591,000 after purchasing an additional 76,327 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Jefferies Financial Group by 12.9% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,396,255 shares of the financial services provider’s stock worth $168,998,000 after purchasing an additional 389,385 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Jefferies Financial Group by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,168,909 shares of the financial services provider’s stock worth $107,925,000 after purchasing an additional 34,295 shares in the last quarter. Finally, Marshall Wace LLP grew its position in shares of Jefferies Financial Group by 365.9% during the 2nd quarter. Marshall Wace LLP now owns 1,947,192 shares of the financial services provider’s stock worth $96,892,000 after purchasing an additional 1,529,218 shares in the last quarter. Institutional investors and hedge funds own 60.88% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on JEF shares. Oppenheimer upped their target price on shares of Jefferies Financial Group from $64.00 to $66.00 and gave the company an “outperform” rating in a report on Friday, September 13th. UBS Group assumed coverage on shares of Jefferies Financial Group in a report on Tuesday, September 17th. They issued a “buy” rating and a $67.00 target price on the stock. Finally, Morgan Stanley increased their price target on shares of Jefferies Financial Group from $59.00 to $64.00 and gave the company an “equal weight” rating in a report on Monday, September 23rd.

Jefferies Financial Group Company 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.