Worldquant Millennium Quantitative Strategies LLC lifted its position in shares of Jefferies Financial Group Inc (NYSE:JEF) by 27.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,704 shares of the financial services provider’s stock after acquiring an additional 6,593 shares during the quarter. Worldquant Millennium Quantitative Strategies LLC’s holdings in Jefferies Financial Group were worth $533,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Paloma Partners Management Co raised its position in shares of Jefferies Financial Group by 109.0% during the 3rd quarter. Paloma Partners Management Co now owns 159,388 shares of the financial services provider’s stock worth $3,499,000 after purchasing an additional 83,137 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in Jefferies Financial Group in the 4th quarter valued at $1,012,000. Standard Life Aberdeen plc acquired a new position in Jefferies Financial Group in the 3rd quarter valued at $3,008,000. Crossmark Global Holdings Inc. raised its holdings in Jefferies Financial Group by 26.4% in the 4th quarter. Crossmark Global Holdings Inc. now owns 84,640 shares of the financial services provider’s stock valued at $1,469,000 after acquiring an additional 17,680 shares during the last quarter. Finally, Prudential Financial Inc. raised its holdings in Jefferies Financial Group by 45.4% in the 4th quarter. Prudential Financial Inc. now owns 1,824,482 shares of the financial services provider’s stock valued at $31,673,000 after acquiring an additional 569,942 shares during the last quarter. 79.29% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have weighed in on JEF. Zacks Investment Research downgraded Jefferies Financial Group from a “hold” rating to a “sell” rating in a report on Monday, April 1st. ValuEngine downgraded Jefferies Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Finally, Oppenheimer cut their price target on Jefferies Financial Group from $32.00 to $30.00 in a report on Friday, January 11th.
Jefferies Financial Group (NYSE:JEF) last released its quarterly earnings data on Thursday, March 28th. The financial services provider reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.10). The firm had revenue of $828.40 million for the quarter, compared to analyst estimates of $1.03 billion. Jefferies Financial Group had a return on equity of 5.07% and a net margin of 10.07%. The business’s revenue for the quarter was down 7.5% on a year-over-year basis. As a group, equities research analysts forecast that Jefferies Financial Group Inc will post 0.91 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 20th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.48%.
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Jefferies Financial Group Profile
Jefferies Financial Group Inc, a financial services company, engages in investment banking and capital markets, asset management, and direct investing businesses in the Americas, Europe, and Asia. the company also offers equities research, sales, and trading services; equity finance services comprising financing, securities lending, and other prime brokerage services; and wealth management services to high net worth individuals, their families and businesses, private equity and venture funds, and small institutions.
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