Jefferies Financial Group Inc. (NYSE:JEF) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN decreased its position in shares of Jefferies Financial Group Inc. (NYSE:JEF) by 68.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,208 shares of the financial services provider’s stock after selling 33,128 shares during the quarter. OLD National Bancorp IN’s holdings in Jefferies Financial Group were worth $615,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of JEF. Naples Money Management LLC acquired a new position in shares of Jefferies Financial Group during the fourth quarter valued at $29,000. Washington Trust Advisors Inc. bought a new stake in shares of Jefferies Financial Group during the third quarter valued at about $45,000. Allworth Financial LP raised its stake in shares of Jefferies Financial Group by 56.6% during the fourth quarter. Allworth Financial LP now owns 1,126 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 407 shares in the last quarter. Fifth Third Bancorp raised its position in Jefferies Financial Group by 16.1% in the third quarter. Fifth Third Bancorp now owns 2,573 shares of the financial services provider’s stock worth $94,000 after acquiring an additional 356 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in Jefferies Financial Group in the fourth quarter worth about $111,000. Institutional investors and hedge funds own 60.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. StockNews.com cut shares of Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 13th. Oppenheimer boosted their price target on shares of Jefferies Financial Group from $52.00 to $54.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.33.

Insider Buying and Selling at Jefferies Financial Group

In other Jefferies Financial Group news, CEO Richard B. Handler sold 1,500,000 shares of Jefferies Financial Group stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $43.50, for a total transaction of $65,250,000.00. Following the transaction, the chief executive officer now owns 15,314,150 shares of the company’s stock, valued at approximately $666,165,525. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 20.40% of the company’s stock.

Jefferies Financial Group Trading Down 0.0 %

Shares of JEF opened at $44.58 on Thursday. The business’s 50-day moving average price is $43.04 and its 200 day moving average price is $39.21. The stock has a market capitalization of $9.45 billion, a P/E ratio of 36.54 and a beta of 1.37. Jefferies Financial Group Inc. has a 1-year low of $28.81 and a 1-year high of $47.39. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.28.

Jefferies Financial Group (NYSE:JEF) last released its earnings results on Wednesday, March 27th. The financial services provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.11. Jefferies Financial Group had a return on equity of 4.41% and a net margin of 5.90%. The company had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the previous year, the business posted $0.55 EPS. The business’s revenue for the quarter was up 35.4% on a year-over-year basis. Analysts expect that Jefferies Financial Group Inc. will post 3.38 earnings per share for the current year.

Jefferies Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Monday, May 20th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, May 17th. This represents a $1.20 annualized dividend and a yield of 2.69%. Jefferies Financial Group’s dividend payout ratio (DPR) is presently 98.36%.

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.