Jefferies Financial Group Inc. Plans Quarterly Dividend of $0.30 (NYSE:JEF)

Jefferies Financial Group Inc. (NYSE:JEFGet Free Report) declared a quarterly dividend on Wednesday, March 27th, Zacks reports. Investors of record on Monday, May 20th will be given a dividend of 0.30 per share by the financial services provider on Thursday, May 30th. This represents a $1.20 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend is Friday, May 17th.

Jefferies Financial Group has increased its dividend payment by an average of 26.0% annually over the last three years. Jefferies Financial Group has a dividend payout ratio of 28.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Jefferies Financial Group to earn $4.37 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 27.5%.

Jefferies Financial Group Trading Up 2.4 %

Shares of Jefferies Financial Group stock opened at $47.28 on Thursday. The company has a market capitalization of $10.03 billion, a price-to-earnings ratio of 38.75 and a beta of 1.36. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. Jefferies Financial Group has a 12-month low of $29.46 and a 12-month high of $47.39. The firm’s 50-day moving average price is $44.06 and its two-hundred day moving average price is $40.45.

Jefferies Financial Group (NYSE:JEFGet Free Report) last announced its quarterly earnings data on Wednesday, March 27th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. Jefferies Financial Group had a net margin of 5.90% and a return on equity of 4.41%. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the company posted $0.55 earnings per share. The business’s revenue for the quarter was up 35.4% on a year-over-year basis. On average, analysts forecast that Jefferies Financial Group will post 3.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on JEF shares. StockNews.com downgraded shares of Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th. Oppenheimer raised their price target on shares of Jefferies Financial Group from $54.00 to $56.00 and gave the company an “outperform” rating in a research note on Tuesday, April 30th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $44.00.

View Our Latest Report on JEF

Insider Activity

In other Jefferies Financial Group news, President Brian P. Friedman sold 55,000 shares of Jefferies Financial Group stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $46.30, for a total value of $2,546,500.00. Following the completion of the sale, the president now directly owns 2,591,350 shares in the company, valued at $119,979,505. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Jefferies Financial Group news, President Brian P. Friedman sold 55,000 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $46.30, for a total value of $2,546,500.00. Following the transaction, the president now directly owns 2,591,350 shares of the company’s stock, valued at $119,979,505. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard B. Handler sold 1,500,000 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $43.50, for a total transaction of $65,250,000.00. Following the completion of the sale, the chief executive officer now owns 15,314,150 shares of the company’s stock, valued at approximately $666,165,525. The disclosure for this sale can be found here. Insiders own 20.40% of the company’s stock.

About Jefferies Financial Group

(Get Free Report)

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.

See Also

Dividend History for Jefferies Financial Group (NYSE:JEF)

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