Kestra Advisory Services LLC holds a $219,000 equity position in Jefferies Financial Group Inc. (NYSE: JEF)


Kestra Advisory Services LLC reduced its stake in Jefferies Financial Group Inc. (NYSE: JEF – Get Rating) by 64.3% during the first quarter, according to the company in its latest SEC filing. The fund held 6,679 shares of the financial services provider after selling 12,041 shares during the period. Kestra Advisory Services LLC’s holdings in Jefferies Financial Group were worth $219,000 when it last filed with the SEC.

Other institutional investors and hedge funds also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Jefferies Financial Group by 5.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,567 shares of the financial services provider valued at $906,000 after buying an additional 1,446 shares in the last quarter. Allworth Financial LP acquired a new position in shares of Jefferies Financial Group during Q1 worth approximately $26,000. Janney Montgomery Scott LLC increased its position in Jefferies Financial Group shares by 160.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 35,005 shares of the financial services provider worth $1,358,000 after buying 21,561 additional shares last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Jefferies Financial Group during Q4 worth approximately $2,364,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in Jefferies Financial Group shares by 7.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 100,144 shares of the financial services provider worth $3,349,000 after purchasing an additional 6,676 shares in the last quarter. Institutional investors and hedge funds hold 69.79% of the company’s shares.

Analyst upgrades and downgrades

A number of research analysts have published reports on JEF shares. Oppenheimer cut his price target on Jefferies Financial Group shares from $50.00 to $47.00 and set an “outperform” rating on the stock in a Tuesday, June 7 research report. Morgan Stanley lowered its price target on shares of Jefferies Financial Group from $32.00 to $28.00 and set an “equal weight” rating on the stock in a Monday, July 18 research report. Keefe, Bruyette & Woods cut their target price on shares of Jefferies Financial Group from $33.00 to $30.00 in a Tuesday, June 28 research report. Finally, StockNews.com began covering Jefferies Financial Group stocks in a research report on Thursday, March 31. They have placed a “holding” rating on the stock. Three analysts rated the stock with a hold rating and two gave the company a buy rating. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $37.50.

Performance of Jefferies Financial Group shares

Shares of Jefferies Financial Group opened at $30.97 on Tuesday. The company has a 50-day moving average of $29.42 and a 200-day moving average of $32.44. Jefferies Financial Group Inc. has a 1-year low of $25.88 and a 1-year high of $44.47. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt ratio of 1.04. The company has a market capitalization of $7.20 billion, a PE ratio of 7.07 and a beta of 1.38.

Jefferies Financial Group (NYSE:JEF – Get Rating) last released its quarterly results on Monday, June 27. The financial services provider reported earnings per share of $0.46 for the quarter, missing analyst consensus estimates of $0.65 per ($0.19). Jefferies Financial Group achieved a return on equity of 11.76% and a net margin of 17.23%. The company posted revenue of $1.37 billion for the quarter, versus a consensus estimate of $1.26 billion. During the same period last year, the company posted EPS of $1.31. The company’s revenue was down 29.8% year over year. As a group, equity research analysts expect Jefferies Financial Group Inc. to post earnings per share of 3.4 for the current fiscal year.

Jefferies Financial Group announces dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 26. Investors of record on Monday, August 15 will receive a dividend of $0.30. This represents an annualized dividend of $1.20 and a yield of 3.87%. The ex-dividend date is Friday, August 12. Jefferies Financial Group’s payout ratio is 27.40%.

About Jefferies Financial Group

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Jefferies Financial Group Inc is active in investment banking and capital markets, and asset management in the Americas, Europe, Middle East, Africa and Asia. The Company operates in investment banking and capital markets, asset management, merchant banking and corporate segments. It provides investment banking services, advisory services relating to mergers or acquisitions, restructurings or recapitalizations and private equity operations advisory; underwriting of equity and debt; and business loans.

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Institutional ownership by quarter for Jefferies Financial Group (NYSE: JEF)



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