Silvercrest Asset Management Group LLC Sells 1,745 Shares of Jefferies Financial Group Inc. (NYSE:JEF)

Silvercrest Asset Management Group LLC trimmed its position in shares of Jefferies Financial Group Inc. (NYSE:JEF) by 12.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 12,600 shares of the financial services provider’s stock after selling 1,745 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Jefferies Financial Group were worth $988,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Hemington Wealth Management boosted its holdings in Jefferies Financial Group by 71.8% during the fourth quarter. Hemington Wealth Management now owns 335 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 140 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its position in shares of Jefferies Financial Group by 14.2% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,223 shares of the financial services provider’s stock worth $96,000 after buying an additional 152 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Jefferies Financial Group by 5.8% in the 4th quarter. Quadrant Capital Group LLC now owns 2,960 shares of the financial services provider’s stock worth $232,000 after buying an additional 161 shares during the last quarter. Caprock Group LLC grew its holdings in shares of Jefferies Financial Group by 4.5% in the fourth quarter. Caprock Group LLC now owns 3,844 shares of the financial services provider’s stock valued at $301,000 after acquiring an additional 165 shares in the last quarter. Finally, Greenleaf Trust grew its holdings in shares of Jefferies Financial Group by 2.8% in the fourth quarter. Greenleaf Trust now owns 6,554 shares of the financial services provider’s stock valued at $514,000 after acquiring an additional 179 shares in the last quarter. Institutional investors own 60.88% of the company’s stock.

Analyst Ratings Changes

JEF has been the topic of several research analyst reports. The Goldman Sachs Group boosted their price objective on Jefferies Financial Group from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, May 15th. StockNews.com downgraded shares of Jefferies Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, May 13th. Morgan Stanley downgraded shares of Jefferies Financial Group from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $75.00 to $41.00 in a report on Monday, April 7th. Finally, Oppenheimer lowered shares of Jefferies Financial Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Jefferies Financial Group has a consensus rating of “Hold” and an average target price of $62.75.

Jefferies Financial Group Stock Performance

NYSE:JEF opened at $50.62 on Wednesday. The company has a market capitalization of $10.44 billion, a P/E ratio of 16.99 and a beta of 1.47. The business has a fifty day simple moving average of $49.85 and a two-hundred day simple moving average of $65.22. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.07 and a quick ratio of 1.07. Jefferies Financial Group Inc. has a 1 year low of $39.28 and a 1 year high of $82.68.

Jefferies Financial Group (NYSE:JEF) last announced its quarterly earnings data on Wednesday, March 26th. The financial services provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.28). Jefferies Financial Group had a return on equity of 7.92% and a net margin of 10.57%. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same period last year, the business posted $0.87 EPS. The company’s revenue was down 8.4% compared to the same quarter last year. On average, analysts expect that Jefferies Financial Group Inc. will post 4.41 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 29th. Stockholders of record on Monday, May 19th will be paid a $0.40 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.60 annualized dividend and a dividend yield of 3.16%. Jefferies Financial Group’s payout ratio is 55.36%.

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.