Jefferies Financial Group Inc. (NYSE:JEF) President Sells $16,125,655.20 in Stock

by · The Cerbat Gem

Jefferies Financial Group Inc. (NYSE:JEF – Get Free Report) President Brian P. Friedman sold 247,326 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $65.20, for a total transaction of $16,125,655.20. Following the sale, the president now directly owns 1,632,277 shares in the company, valued at $106,424,460.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Jefferies Financial Group Stock Performance

Shares of JEF stock traded down $0.38 on Wednesday, hitting $64.57. The company’s stock had a trading volume of 1,016,276 shares, compared to its average volume of 1,235,171. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.03 and a current ratio of 1.03. The stock’s 50 day moving average is $61.55 and its 200-day moving average is $53.45. Jefferies Financial Group Inc. has a fifty-two week low of $31.92 and a fifty-two week high of $67.79. The company has a market capitalization of $13.27 billion, a PE ratio of 27.59 and a beta of 1.32.

Jefferies Financial Group (NYSE:JEF – Get Free Report) last announced its quarterly earnings data on Wednesday, September 25th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.71 billion. Jefferies Financial Group had a return on equity of 6.40% and a net margin of 9.27%. The company’s quarterly revenue was up 42.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.32 earnings per share. Equities research analysts expect that Jefferies Financial Group Inc. will post 3.13 earnings per share for the current fiscal year.

Jefferies Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a yield of 2.17%. Jefferies Financial Group’s payout ratio is 59.83%.

Wall Street Analysts Forecast Growth

JEF has been the topic of several research analyst reports. Morgan Stanley increased their price objective on shares of Jefferies Financial Group from $59.00 to $64.00 and gave the company an “equal weight” rating in a research report on Monday, September 23rd. Oppenheimer increased their price objective on shares of Jefferies Financial Group from $64.00 to $66.00 and gave the company an “outperform” rating in a research report on Friday, September 13th. Finally, UBS Group initiated coverage on shares of Jefferies Financial Group in a research report on Tuesday, September 17th. They issued a “buy” rating and a $67.00 price objective on the stock.

Check Out Our Latest Report on JEF

Institutional Investors Weigh In On Jefferies Financial Group

Large investors have recently bought and sold shares of the company. Rothschild Investment LLC acquired a new stake in shares of Jefferies Financial Group in the 2nd quarter valued at approximately $25,000. Massmutual Trust Co. FSB ADV raised its holdings in Jefferies Financial Group by 75.7% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 520 shares of the financial services provider’s stock valued at $26,000 after buying an additional 224 shares during the last quarter. Versant Capital Management Inc raised its holdings in Jefferies Financial Group by 1,993.8% in the 2nd quarter. Versant Capital Management Inc now owns 670 shares of the financial services provider’s stock valued at $33,000 after buying an additional 638 shares during the last quarter. Eastern Bank bought a new position in Jefferies Financial Group in the 3rd quarter valued at approximately $42,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Jefferies Financial Group in the 2nd quarter valued at approximately $48,000. 60.88% of the stock is currently owned by institutional investors and hedge funds.

Jefferies Financial Group Company Profile

(Get Free Report)

Jefferies Financial Group Inc operates as an investment banking and capital markets firm in the Americas, Europe, the Middle East, and the Asia-Pacific. The company operates in two segments, Investment Banking and Capital Markets, and Asset Management. It provides investment banking, advisory services with respect to mergers or acquisitions, debt financing, restructurings or recapitalizations, and private capital advisory transactions; underwriting and placement services related to corporate debt, municipal bonds, mortgage-backed and asset-backed securities, equity and equity-linked securities, and loan syndication services; and corporate lending services.

Further Reading