Sage Rhino Capital LLC Takes $226,000 Position in Jefferies Financial Group Inc. (NYSE:JEF)

Sage Rhino Capital LLC bought a new position in shares of Jefferies Financial Group Inc. (NYSE:JEF) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,884 shares of the financial services provider’s stock, valued at approximately $226,000.

A number of other large investors also recently made changes to their positions in JEF. State of Alaska Department of Revenue increased its stake in shares of Jefferies Financial Group by 2.6% during the third quarter. State of Alaska Department of Revenue now owns 18,859 shares of the financial services provider’s stock worth $1,160,000 after purchasing an additional 470 shares during the period. Stephens Inc. AR bought a new position in shares of Jefferies Financial Group during the third quarter worth approximately $407,000. Creative Financial Designs Inc. ADV increased its stake in shares of Jefferies Financial Group by 68.1% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,071 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 434 shares during the period. Forum Financial Management LP increased its stake in shares of Jefferies Financial Group by 7.1% during the third quarter. Forum Financial Management LP now owns 7,290 shares of the financial services provider’s stock worth $449,000 after purchasing an additional 481 shares during the period. Finally, Carmel Capital Partners LLC increased its stake in shares of Jefferies Financial Group by 70.8% during the third quarter. Carmel Capital Partners LLC now owns 19,474 shares of the financial services provider’s stock worth $1,199,000 after purchasing an additional 8,074 shares during the period. Institutional investors own 60.88% of the company’s stock.

Jefferies Financial Group Price Performance

Jefferies Financial Group stock opened at $63.78 on Tuesday. The stock’s fifty day moving average price is $74.08 and its two-hundred day moving average price is $69.60. Jefferies Financial Group Inc. has a one year low of $40.72 and a one year high of $82.68. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $13.15 billion, a PE ratio of 21.40 and a beta of 1.34.

Jefferies Financial Group (NYSE:JEF) last issued its quarterly earnings results on Wednesday, January 8th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.06). Jefferies Financial Group had a net margin of 10.57% and a return on equity of 7.92%. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the previous year, the business posted $0.30 EPS. The company’s revenue for the quarter was up 63.4% on a year-over-year basis. As a group, research analysts expect that Jefferies Financial Group Inc. will post 4.41 EPS for the current fiscal year.

Jefferies Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Friday, February 14th were paid a $0.40 dividend. This is a positive change from Jefferies Financial Group’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.60 annualized dividend and a dividend yield of 2.51%. Jefferies Financial Group’s dividend payout ratio (DPR) is presently 53.69%.

Analyst Ratings Changes

JEF has been the topic of a number of recent research reports. Oppenheimer lowered their target price on Jefferies Financial Group from $82.00 to $81.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Morgan Stanley upgraded Jefferies Financial Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $67.00 to $97.00 in a research note on Monday, December 9th.

Jefferies Financial Group Company Profile

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.