Karpas Strategies LLC Has $2.45 Million Holdings in Jefferies Financial Group Inc (NYSE:JEF)

Karpas Strategies LLC boosted its holdings in Jefferies Financial Group Inc (NYSE:JEF) by 0.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 127,544 shares of the financial services provider’s stock after buying an additional 1,200 shares during the quarter. Jefferies Financial Group makes up 1.0% of Karpas Strategies LLC’s holdings, making the stock its 28th biggest holding. Karpas Strategies LLC’s holdings in Jefferies Financial Group were worth $2,453,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in JEF. Advisor Group Inc. increased its holdings in Jefferies Financial Group by 63.1% in the fourth quarter. Advisor Group Inc. now owns 8,059 shares of the financial services provider’s stock valued at $139,000 after buying an additional 3,117 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in Jefferies Financial Group in the fourth quarter valued at approximately $142,000. APG Asset Management N.V. acquired a new position in Jefferies Financial Group in the fourth quarter valued at approximately $583,000. FMR LLC boosted its stake in Jefferies Financial Group by 42.5% in the fourth quarter. FMR LLC now owns 77,501 shares of the financial services provider’s stock valued at $1,345,000 after acquiring an additional 23,104 shares during the period. Finally, Norges Bank acquired a new position in Jefferies Financial Group in the fourth quarter valued at approximately $37,879,000. 75.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of JEF stock opened at $19.27 on Tuesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.37 and a current ratio of 1.37. The company has a 50 day moving average of $20.33. Jefferies Financial Group Inc has a 52 week low of $16.20 and a 52 week high of $24.70. The firm has a market capitalization of $6.05 billion, a P/E ratio of 23.79 and a beta of 1.40.

Jefferies Financial Group (NYSE:JEF) last issued its earnings results on Wednesday, July 3rd. The financial services provider reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.17. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.01 billion. The business’s quarterly revenue was up 20.9% compared to the same quarter last year. As a group, analysts anticipate that Jefferies Financial Group Inc will post 1.34 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Monday, August 19th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.50 dividend on an annualized basis and a yield of 2.59%. Jefferies Financial Group’s payout ratio is currently 61.73%.

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

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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