Jefferies Financial Group Inc (NYSE:JEF) Chairman Joseph S. Steinberg sold 522,810 shares of Jefferies Financial Group stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $21.03, for a total value of $10,994,694.30. Following the completion of the transaction, the chairman now directly owns 2,632,979 shares of the company’s stock, valued at $55,371,548.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
JEF stock traded up $0.07 during midday trading on Monday, reaching $20.97. The stock had a trading volume of 1,250,421 shares, compared to its average volume of 2,126,065. The business has a fifty day simple moving average of $19.31 and a two-hundred day simple moving average of $19.26. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 1.01. The firm has a market cap of $6.27 billion, a price-to-earnings ratio of 25.89 and a beta of 1.50. Jefferies Financial Group Inc has a twelve month low of $16.20 and a twelve month high of $22.32.
Jefferies Financial Group (NYSE:JEF) last announced its quarterly earnings data on Thursday, September 26th. The financial services provider reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.19). The company had revenue of $857.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. The firm’s revenue for the quarter was down 25.5% on a year-over-year basis. During the same period last year, the firm posted ($0.06) EPS. On average, equities analysts predict that Jefferies Financial Group Inc will post 1.03 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.50 dividend on an annualized basis and a yield of 2.38%. Jefferies Financial Group’s payout ratio is 61.73%.
Hedge funds have recently made changes to their positions in the stock. River & Mercantile Asset Management LLP increased its position in Jefferies Financial Group by 0.3% in the second quarter. River & Mercantile Asset Management LLP now owns 207,852 shares of the financial services provider’s stock worth $3,994,000 after purchasing an additional 700 shares during the period. Sunbelt Securities Inc. increased its position in Jefferies Financial Group by 53.2% in the third quarter. Sunbelt Securities Inc. now owns 18,264 shares of the financial services provider’s stock worth $336,000 after purchasing an additional 6,340 shares during the period. Candriam Luxembourg S.C.A. acquired a new stake in Jefferies Financial Group in the second quarter worth about $2,111,000. Becker Capital Management Inc. increased its position in Jefferies Financial Group by 0.7% in the second quarter. Becker Capital Management Inc. now owns 1,140,005 shares of the financial services provider’s stock worth $21,922,000 after purchasing an additional 7,690 shares during the period. Finally, Invesco Ltd. increased its position in Jefferies Financial Group by 6.2% in the second quarter. Invesco Ltd. now owns 3,936,301 shares of the financial services provider’s stock worth $75,695,000 after purchasing an additional 229,143 shares during the period. Hedge funds and other institutional investors own 72.28% of the company’s stock.
Jefferies Financial Group Company Profile
Jefferies Financial Group Inc, a financial services company, engages in investment banking and capital markets, asset management, and direct investing businesses in the Americas, Europe, and Asia. the company also offers equities research, sales, and trading services; equity finance services comprising financing, securities lending, and other prime brokerage services; and wealth management services to high net worth individuals, their families and businesses, private equity and venture funds, and small institutions.
See Also: Equal Weight Rating
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