Robeco Institutional Asset Management B.V. lessened its holdings in Jefferies Financial Group Inc (NYSE:JEF) by 4.4% in the second quarter, Holdings Channel reports. The firm owned 265,757 shares of the financial services provider’s stock after selling 12,245 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Jefferies Financial Group were worth $5,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Motco purchased a new stake in Jefferies Financial Group during the 1st quarter worth about $29,000. Penserra Capital Management LLC purchased a new stake in shares of Jefferies Financial Group in the 1st quarter valued at about $101,000. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Jefferies Financial Group in the 4th quarter valued at about $142,000. Carroll Financial Associates Inc. purchased a new stake in shares of Jefferies Financial Group in the 1st quarter valued at about $161,000. Finally, Moors & Cabot Inc. purchased a new stake in shares of Jefferies Financial Group in the 1st quarter valued at about $192,000. Hedge funds and other institutional investors own 75.31% of the company’s stock.
Shares of Jefferies Financial Group stock traded down $0.51 during trading on Wednesday, hitting $19.26. 304,449 shares of the stock traded hands, compared to its average volume of 1,896,086. 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 market capitalization of $6.05 billion, a PE ratio of 23.77 and a beta of 1.40. The business has a fifty day simple moving average of $20.36. Jefferies Financial Group Inc has a 52 week low of $16.20 and a 52 week high of $24.66.
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 given a dividend of $0.125 per share. The ex-dividend date is Friday, August 16th. This represents a $0.50 annualized dividend and a yield of 2.60%. Jefferies Financial Group’s payout ratio is 61.73%.
Several analysts have weighed in on the company. ValuEngine raised Jefferies Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Keefe, Bruyette & Woods assumed coverage on Jefferies Financial Group in a report on Thursday, July 11th. They issued a “market perform” rating and a $23.00 price target on the stock.
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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