Becker Capital Management Inc. Sells 19,390 Shares of Jefferies Financial Group Inc (JEF)

Becker Capital Management Inc. cut its stake in Jefferies Financial Group Inc (NYSE:JEF) by 1.7% in the first quarter, Holdings Channel reports. The fund owned 1,132,315 shares of the financial services provider’s stock after selling 19,390 shares during the period. Becker Capital Management Inc.’s holdings in Jefferies Financial Group were worth $21,276,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quinn Opportunity Partners LLC acquired a new stake in shares of Jefferies Financial Group in the 1st quarter worth $1,654,000. Worldquant Millennium Quantitative Strategies LLC increased its position in shares of Jefferies Financial Group by 27.3% during the 4th quarter. Worldquant Millennium Quantitative Strategies LLC now owns 30,704 shares of the financial services provider’s stock worth $533,000 after purchasing an additional 6,593 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in shares of Jefferies Financial Group during the 4th quarter worth about $1,012,000. Crossmark Global Holdings Inc. increased its position in shares of Jefferies Financial Group by 26.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 84,640 shares of the financial services provider’s stock worth $1,469,000 after purchasing an additional 17,680 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Jefferies Financial Group by 45.4% during the 4th quarter. Prudential Financial Inc. now owns 1,824,482 shares of the financial services provider’s stock worth $31,673,000 after purchasing an additional 569,942 shares during the last quarter. 80.18% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:JEF opened at $18.58 on Thursday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market cap of $5.52 billion, a P/E ratio of 22.94 and a beta of 1.36. Jefferies Financial Group Inc has a 12-month low of $16.20 and a 12-month high of $25.07.

Jefferies Financial Group (NYSE:JEF) last issued its quarterly earnings data on Thursday, March 28th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.10). The business 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%. Jefferies Financial Group’s revenue for the quarter was down 7.5% on a year-over-year basis. On average, sell-side analysts forecast that Jefferies Financial Group Inc will post 1.16 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Monday, May 20th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Friday, May 17th. Jefferies Financial Group’s payout ratio is 61.73%.

A number of analysts recently issued reports on JEF shares. ValuEngine raised Jefferies Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Zacks Investment Research downgraded Jefferies Financial Group from a “hold” rating to a “sell” rating in a research report on Friday, March 15th.

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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.

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Institutional Ownership by Quarter for Jefferies Financial Group (NYSE:JEF)

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