Geode Capital Management LLC Sells 100,696 Shares of Jefferies Financial Group Inc. $JEF

Geode Capital Management LLC trimmed its position in shares of Jefferies Financial Group Inc. (NYSE:JEF) by 3.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,865,752 shares of the financial services provider’s stock after selling 100,696 shares during the quarter. Geode Capital Management LLC’s holdings in Jefferies Financial Group were worth $156,755,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Elequin Capital LP raised its holdings in Jefferies Financial Group by 117.9% during the first quarter. Elequin Capital LP now owns 549 shares of the financial services provider’s stock worth $29,000 after buying an additional 297 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Jefferies Financial Group by 48.8% during the second quarter. Bessemer Group Inc. now owns 912 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 299 shares in the last quarter. Hantz Financial Services Inc. increased its position in shares of Jefferies Financial Group by 3,577.8% during the second quarter. Hantz Financial Services Inc. now owns 993 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 966 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Jefferies Financial Group by 87.9% in the 1st quarter. IFP Advisors Inc now owns 1,387 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 649 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in Jefferies Financial Group in the 1st quarter valued at about $78,000. Institutional investors and hedge funds own 60.88% of the company’s stock.

Jefferies Financial Group Price Performance

Shares of NYSE:JEF opened at $53.24 on Wednesday. The company has a market capitalization of $10.98 billion, a P/E ratio of 18.30 and a beta of 1.54. The company’s 50-day moving average is $58.81 and its 200 day moving average is $56.89. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.05 and a current ratio of 1.05. Jefferies Financial Group Inc. has a fifty-two week low of $39.28 and a fifty-two week high of $82.68.

Jefferies Financial Group (NYSE:JEF) last announced its quarterly earnings data on Monday, September 29th. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.79 by $0.22. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.75 billion. Jefferies Financial Group had a net margin of 7.40% and a return on equity of 7.25%. The company’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 earnings per share. On average, equities research analysts forecast that Jefferies Financial Group Inc. will post 4.41 earnings per share for the current year.

Jefferies Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Monday, November 17th will be paid a $0.40 dividend. The ex-dividend date is Monday, November 17th. This represents a $1.60 annualized dividend and a yield of 3.0%. Jefferies Financial Group’s dividend payout ratio is presently 54.98%.

Wall Street Analysts Forecast Growth

JEF has been the subject of a number of recent research reports. Wall Street Zen raised Jefferies Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, September 20th. Capital One Financial set a $55.00 target price on Jefferies Financial Group in a research report on Friday, October 17th. Morgan Stanley set a $74.00 price target on Jefferies Financial Group in a research report on Wednesday, October 8th. Zacks Research raised shares of Jefferies Financial Group from a “hold” rating to a “strong-buy” rating in a report on Friday, October 3rd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Jefferies Financial Group in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Jefferies Financial Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.83.

Jefferies Financial Group 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.