King Luther Capital Management Corp Purchases 1,181 Shares of Jefferies Financial Group Inc. (NYSE:JEF)

King Luther Capital Management Corp grew its position in Jefferies Financial Group Inc. (NYSE:JEFGet Rating) by 8.3% during the second quarter, HoldingsChannel.com reports. The fund owned 15,393 shares of the financial services provider’s stock after acquiring an additional 1,181 shares during the quarter. King Luther Capital Management Corp’s holdings in Jefferies Financial Group were worth $425,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in JEF. Charles Schwab Investment Management Inc. increased its position in shares of Jefferies Financial Group by 201.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,328,739 shares of the financial services provider’s stock valued at $109,350,000 after purchasing an additional 2,223,630 shares during the last quarter. First Trust Advisors LP increased its position in shares of Jefferies Financial Group by 44.6% during the 1st quarter. First Trust Advisors LP now owns 7,152,883 shares of the financial services provider’s stock valued at $234,972,000 after purchasing an additional 2,207,065 shares during the last quarter. Donald Smith & CO. Inc. increased its position in shares of Jefferies Financial Group by 17.9% during the 1st quarter. Donald Smith & CO. Inc. now owns 3,309,897 shares of the financial services provider’s stock valued at $108,730,000 after purchasing an additional 502,508 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Jefferies Financial Group by 187.0% during the 1st quarter. Renaissance Technologies LLC now owns 657,289 shares of the financial services provider’s stock valued at $21,592,000 after purchasing an additional 428,300 shares during the last quarter. Finally, Mackenzie Financial Corp increased its position in shares of Jefferies Financial Group by 1,276.8% during the 2nd quarter. Mackenzie Financial Corp now owns 320,276 shares of the financial services provider’s stock valued at $8,846,000 after purchasing an additional 297,013 shares during the last quarter. Institutional investors own 67.62% of the company’s stock.

Insiders Place Their Bets

In other Jefferies Financial Group news, President Brian P. Friedman sold 500,000 shares of the company’s stock in a transaction on Monday, October 24th. The stock was sold at an average price of $32.85, for a total value of $16,425,000.00. Following the completion of the sale, the president now directly owns 6,722,213 shares in the company, valued at approximately $220,824,697.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 17.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised Jefferies Financial Group from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $30.00 to $38.00 in a research report on Monday, September 5th. The Goldman Sachs Group boosted their price objective on Jefferies Financial Group from $33.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Oppenheimer dropped their price objective on Jefferies Financial Group to $46.00 in a report on Wednesday, October 5th. Finally, StockNews.com began coverage on Jefferies Financial Group in a report on Wednesday, October 12th. They set a “hold” rating for the company. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Jefferies Financial Group currently has an average rating of “Moderate Buy” and an average price target of $37.25.

Jefferies Financial Group Price Performance

JEF opened at $37.67 on Thursday. Jefferies Financial Group Inc. has a 52-week low of $25.88 and a 52-week high of $41.49. The stock has a market cap of $8.62 billion, a P/E ratio of 10.29 and a beta of 1.38. The business has a fifty day moving average of $33.28 and a 200 day moving average of $31.78. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.96.

Jefferies Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 29th. Shareholders of record on Monday, November 14th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Thursday, November 10th. Jefferies Financial Group’s dividend payout ratio is 32.79%.

Jefferies Financial Group Company Profile

(Get Rating)

Jefferies Financial Group Inc engages in the investment banking and capital markets, and asset management businesses in the Americas, Europe, the 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, advisory services with respect to mergers or acquisitions, restructurings or recapitalizations and private capital advisory transactions; equity and debt underwriting; and corporate lending.

Further Reading

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Institutional Ownership by Quarter for Jefferies Financial Group (NYSE:JEF)

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