INR Advisory Services LLC cut its stake in shares of Jefferies Financial Group Inc (NYSE:JEF) by 26.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,979 shares of the financial services provider’s stock after selling 720 shares during the quarter. INR Advisory Services LLC’s holdings in Jefferies Financial Group were worth $37,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Investors Research Corp lifted its holdings in Jefferies Financial Group by 1.0% in the fourth quarter. Investors Research Corp now owns 48,362 shares of the financial services provider’s stock valued at $840,000 after acquiring an additional 500 shares during the period. JOYN Advisors Inc. lifted its holdings in Jefferies Financial Group by 81.5% in the fourth quarter. JOYN Advisors Inc. now owns 1,628 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 731 shares during the period. Country Club Trust Company n.a. lifted its holdings in Jefferies Financial Group by 4.3% in the fourth quarter. Country Club Trust Company n.a. now owns 30,328 shares of the financial services provider’s stock valued at $526,000 after acquiring an additional 1,245 shares during the period. Brinker Capital Inc. lifted its holdings in Jefferies Financial Group by 8.2% in the fourth quarter. Brinker Capital Inc. now owns 17,947 shares of the financial services provider’s stock valued at $312,000 after acquiring an additional 1,356 shares during the period. Finally, AdvisorNet Financial Inc acquired a new stake in Jefferies Financial Group in the fourth quarter valued at $25,000. 79.30% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have commented 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 reduced their target price 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 results on Thursday, March 28th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate 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 6.70% and a net margin of 10.07%. The firm’s revenue was down 7.5% on a year-over-year basis. As a group, equities analysts anticipate that Jefferies Financial Group Inc will post 1.16 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 20th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Friday, May 17th.
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About Jefferies Financial Group
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.
Further Reading: Understanding Market Liquidity
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