Jefferies Financial Group Inc. (NYSE:JEF) Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC decreased its position in Jefferies Financial Group Inc. (NYSE:JEF) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,141 shares of the financial services provider’s stock after selling 138 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Jefferies Financial Group were worth $378,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. CIBC Asset Management Inc grew its position in Jefferies Financial Group by 3.4% in the third quarter. CIBC Asset Management Inc now owns 6,162 shares of the financial services provider’s stock valued at $379,000 after acquiring an additional 204 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its position in Jefferies Financial Group by 75.7% in the second quarter. Massmutual Trust Co. FSB ADV now owns 520 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 224 shares in the last quarter. Fulton Bank N.A. grew its position in shares of Jefferies Financial Group by 1.5% during the third quarter. Fulton Bank N.A. now owns 14,824 shares of the financial services provider’s stock worth $912,000 after buying an additional 224 shares in the last quarter. United Services Automobile Association grew its position in shares of Jefferies Financial Group by 2.0% during the second quarter. United Services Automobile Association now owns 13,219 shares of the financial services provider’s stock worth $658,000 after buying an additional 264 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Jefferies Financial Group by 4.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,765 shares of the financial services provider’s stock worth $337,000 after buying an additional 295 shares in the last quarter. Institutional investors and hedge funds own 60.88% of the company’s stock.

Jefferies Financial Group Stock Performance

Jefferies Financial Group stock opened at $78.93 on Friday. The company has a market cap of $16.22 billion, a PE ratio of 33.73 and a beta of 1.31. The company has a fifty day moving average price of $67.39 and a two-hundred day moving average price of $57.53. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.03 and a quick ratio of 1.03. Jefferies Financial Group Inc. has a 12 month low of $34.34 and a 12 month high of $80.53.

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

Jefferies Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Monday, November 18th. Jefferies Financial Group’s dividend payout ratio is presently 59.83%.

Analysts Set New Price Targets

JEF has been the subject of a number of recent analyst reports. Oppenheimer raised their price target on shares of Jefferies Financial Group from $73.00 to $83.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. UBS Group initiated coverage on shares of Jefferies Financial Group in a research report on Tuesday, September 17th. They set a “buy” rating and a $67.00 price target for the company. Finally, Morgan Stanley raised their price target on shares of Jefferies Financial Group from $59.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Monday, September 23rd.

Insiders Place Their Bets

In other Jefferies Financial Group news, CEO Richard B. Handler sold 400,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $72.26, for a total value of $28,904,000.00. Following the sale, the chief executive officer now directly owns 14,971,288 shares in the company, valued at approximately $1,081,825,270.88. This trade represents a 2.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Brian P. Friedman sold 200,000 shares of the firm’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $63.09, for a total value of $12,618,000.00. Following the completion of the sale, the president now owns 604,606 shares in the company, valued at $38,144,592.54. The trade was a 24.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,286,923 shares of company stock valued at $88,999,151 over the last 90 days. 20.40% of the stock is owned by company insiders.

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.