Daymark Wealth Partners LLC Takes Position in Jefferies Financial Group Inc. (NYSE:JEF)

Daymark Wealth Partners LLC purchased a new position in Jefferies Financial Group Inc. (NYSE:JEF) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 4,875 shares of the financial services provider’s stock, valued at approximately $243,000.

A number of other hedge funds have also recently made changes to their positions in JEF. Massmutual Trust Co. FSB ADV lifted its position in shares of Jefferies Financial Group by 75.7% during the second quarter. Massmutual Trust Co. FSB ADV now owns 520 shares of the financial services provider’s stock valued at $26,000 after buying an additional 224 shares during the last quarter. United Services Automobile Association boosted its stake in Jefferies Financial Group by 2.0% in the second quarter. United Services Automobile Association now owns 13,219 shares of the financial services provider’s stock valued at $658,000 after acquiring an additional 264 shares in the last quarter. Raymond James Trust N.A. increased its position in shares of Jefferies Financial Group by 1.9% during the second 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. lifted its holdings in shares of Jefferies Financial Group by 5.0% during the 1st quarter. UMB Bank n.a. now owns 7,640 shares of the financial services provider’s stock valued at $337,000 after purchasing an additional 364 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position 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. 60.88% of the stock is currently owned by hedge funds and other institutional investors.

Jefferies Financial Group Stock Down 0.1 %

Jefferies Financial Group stock opened at $61.08 on Friday. Jefferies Financial Group Inc. has a fifty-two week low of $31.38 and a fifty-two week high of $62.98. The company has a market cap of $12.55 billion, a PE ratio of 33.75 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 50-day simple moving average is $57.75 and its two-hundred day simple moving average is $50.21.

Jefferies Financial Group (NYSE:JEF) last issued 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). Jefferies Financial Group had a return on equity of 5.37% and a net margin of 7.82%. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the company posted $0.32 EPS. Jefferies Financial Group’s quarterly revenue was up 42.4% compared to the same quarter last year. Equities analysts anticipate that Jefferies Financial Group Inc. will post 3.23 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. Investors of record on Monday, November 18th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.40 annualized dividend and a dividend yield of 2.29%. Jefferies Financial Group’s dividend payout ratio (DPR) is presently 77.35%.

Insider Activity at Jefferies Financial Group

In related news, Director Mitsui Financial Grou Sumitomo acquired 9,247,081 shares of Jefferies Financial Group stock in a transaction on Thursday, September 19th. The stock was acquired at an average price of $59.67 per share, for a total transaction of $551,773,323.27. Following the purchase, the director now owns 9,247,081 shares of the company’s stock, valued at approximately $551,773,323.27. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 20.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. StockNews.com lowered Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, June 21st. UBS Group began coverage on shares of Jefferies Financial Group in a report on Tuesday, September 17th. They set a “buy” rating and a $67.00 price objective on the stock. Morgan Stanley lifted their target price on shares of Jefferies Financial Group from $59.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Monday, September 23rd. Finally, Oppenheimer upped their price target on shares of Jefferies Financial Group from $64.00 to $66.00 and gave the company an “outperform” rating in a research note on Friday, September 13th.

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.