Nisa Investment Advisors LLC Sells 36,904 Shares of Jefferies Financial Group Inc (NYSE:JEF)

Nisa Investment Advisors LLC trimmed its holdings in Jefferies Financial Group Inc (NYSE:JEF) by 22.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 124,495 shares of the financial services provider’s stock after selling 36,904 shares during the period. Nisa Investment Advisors LLC’s holdings in Jefferies Financial Group were worth $2,394,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Xact Kapitalforvaltning AB raised its stake in Jefferies Financial Group by 42.9% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 32,539 shares of the financial services provider’s stock valued at $626,000 after purchasing an additional 9,763 shares during the last quarter. Moon Capital Management LLC raised its stake in shares of Jefferies Financial Group by 2.4% in the 2nd quarter. Moon Capital Management LLC now owns 186,772 shares of the financial services provider’s stock valued at $3,592,000 after buying an additional 4,355 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in shares of Jefferies Financial Group by 9.5% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 92,868 shares of the financial services provider’s stock worth $1,786,000 after purchasing an additional 8,038 shares in the last quarter. Investors Research Corp increased its position in shares of Jefferies Financial Group by 2.1% during the 2nd quarter. Investors Research Corp now owns 48,967 shares of the financial services provider’s stock worth $942,000 after purchasing an additional 1,005 shares in the last quarter. Finally, DNB Asset Management AS increased its position in shares of Jefferies Financial Group by 198.1% during the 2nd quarter. DNB Asset Management AS now owns 109,699 shares of the financial services provider’s stock worth $2,110,000 after purchasing an additional 72,900 shares in the last quarter. 75.41% of the stock is owned by institutional investors.

Shares of NYSE JEF traded down $0.60 during midday trading on Friday, reaching $19.98. The company’s stock had a trading volume of 39,858 shares, compared to its average volume of 1,997,121. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.37 and a quick ratio of 1.37. Jefferies Financial Group Inc has a fifty-two week low of $16.20 and a fifty-two week high of $24.70. The company has a market cap of $6.45 billion, a PE ratio of 24.79 and a beta of 1.40. The stock has a 50 day simple moving average of $20.18.

Jefferies Financial Group (NYSE:JEF) last released its earnings results on Wednesday, July 3rd. The financial services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.17. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.01 billion. Jefferies Financial Group’s revenue was up 20.9% compared to the same quarter last year. On average, research analysts predict that Jefferies Financial Group Inc will post 1.34 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Monday, August 19th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Friday, August 16th. Jefferies Financial Group’s dividend payout ratio (DPR) is presently 61.73%.

A number of brokerages have commented on JEF. ValuEngine raised shares of Jefferies Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Keefe, Bruyette & Woods began coverage on shares of Jefferies Financial Group in a research note on Thursday, July 11th. They set a “market perform” rating and a $23.00 price objective on the stock.

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

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