Parallel Advisors LLC Has $1.53 Million Position in Jefferies Financial Group Inc. $JEF

Parallel Advisors LLC raised its holdings in Jefferies Financial Group Inc. (NYSE:JEF) by 133.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,618 shares of the financial services provider’s stock after acquiring an additional 14,072 shares during the quarter. Parallel Advisors LLC’s holdings in Jefferies Financial Group were worth $1,526,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Salomon & Ludwin LLC boosted its position in shares of Jefferies Financial Group by 75.0% in the 4th quarter. Salomon & Ludwin LLC now owns 413 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 177 shares during the last quarter. Rothschild Investment LLC increased its holdings in Jefferies Financial Group by 34.7% in the third quarter. Rothschild Investment LLC now owns 741 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 191 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in Jefferies Financial Group by 1.3% in the third quarter. Quadrant Capital Group LLC now owns 15,811 shares of the financial services provider’s stock valued at $1,034,000 after purchasing an additional 206 shares during the last quarter. Allworth Financial LP lifted its stake in Jefferies Financial Group by 11.2% in the third quarter. Allworth Financial LP now owns 2,159 shares of the financial services provider’s stock valued at $141,000 after buying an additional 217 shares during the period. Finally, Punch & Associates Investment Management Inc. lifted its stake in Jefferies Financial Group by 4.2% in the third quarter. Punch & Associates Investment Management Inc. now owns 5,495 shares of the financial services provider’s stock valued at $359,000 after buying an additional 220 shares during the period. Institutional investors own 60.88% of the company’s stock.

Jefferies Financial Group Price Performance

Shares of NYSE JEF opened at $55.60 on Friday. The company has a fifty day moving average price of $48.54 and a 200 day moving average price of $52.95. The firm has a market cap of $11.37 billion, a PE ratio of 18.78 and a beta of 1.54. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.87. Jefferies Financial Group Inc. has a 1-year low of $35.53 and a 1-year high of $71.04.

Jefferies Financial Group (NYSE:JEF) last issued its quarterly earnings results on Wednesday, March 25th. The financial services provider reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.19). The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.02 billion. Jefferies Financial Group had a net margin of 6.61% and a return on equity of 7.83%. The business’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 earnings per share. Research analysts predict that Jefferies Financial Group Inc. will post 3.79 earnings per share for the current fiscal year.

Jefferies Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were paid a $0.40 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.60 annualized dividend and a yield of 2.9%. Jefferies Financial Group’s payout ratio is presently 54.05%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on JEF. Oppenheimer decreased their target price on Jefferies Financial Group from $97.00 to $74.00 and set an “outperform” rating for the company in a research report on Friday, March 13th. BMO Capital Markets cut their price target on shares of Jefferies Financial Group from $68.00 to $42.00 and set a “market perform” rating on the stock in a research report on Monday, March 23rd. UBS Group reduced their price objective on shares of Jefferies Financial Group from $76.00 to $59.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. The Goldman Sachs Group restated a “buy” rating on shares of Jefferies Financial Group in a report on Friday. Finally, Morgan Stanley downgraded shares of Jefferies Financial Group from an “overweight” rating to an “equal weight” rating and set a $49.00 target price for the company. in a research note on Monday, March 9th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Jefferies Financial Group has an average rating of “Hold” and an average price target of $58.14.

Jefferies Financial Group News Summary

Here are the key news stories impacting Jefferies Financial Group this week:

• Positive Sentiment: Jefferies continues to be active on the research side, with recent bullish calls on names like Global-E Online and Realty Income, reinforcing its credibility as a market-moving Wall Street firm. Jefferies Reiterates Buy Rating on Global-E Online (GLBE)
• Positive Sentiment: Jefferies’ conference business remains active, with multiple companies highlighting presentations at its Global Healthcare Conference, supporting the value of its advisory and capital-markets platform. Vivani Medical Highlights Investor Presentation at Jefferies Conference
• Neutral Sentiment: Jefferies’ CEO said the firm is not involved in SpaceX shorting and is not among the banks handling the IPO, a headline that may reassure investors but does not materially change fundamentals. Jefferies CEO says firm is not in the SpaceX shorting business
• Negative Sentiment: Robbins Geller launched an investigation into Jefferies Financial Group over possible misleading statements or undisclosed information, creating a legal and reputational risk that could pressure the shares. JEF INVESTIGATION: Investigation Launched into Jefferies Financial Group Inc.

Jefferies Financial Group Profile

Jefferies Financial Group Inc is a diversified financial services company that provides a range of investment banking, capital markets and asset management services to corporations, governments and institutional investors worldwide. Through its core platform, Jefferies offers advisory services for mergers and acquisitions, debt and equity underwriting, restructuring and recapitalization. The firm also operates a global sales and trading business covering equities, fixed income and foreign exchange products, complemented by equity research and macroeconomic analysis.

In addition to its capital markets franchise, Jefferies maintains a growing asset management division that delivers customized investment solutions across public and private markets.