Jefferies Financial Group Inc. (NYSE:JEF) Shares Sold by Deutsche Bank AG

Deutsche Bank AG lessened its position in Jefferies Financial Group Inc. (NYSE:JEF) by 26.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 442,588 shares of the financial services provider’s stock after selling 161,514 shares during the period. Deutsche Bank AG owned approximately 0.21% of Jefferies Financial Group worth $23,709,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in JEF. JCIC Asset Management Inc. lifted its stake in shares of Jefferies Financial Group by 193.8% in the 1st quarter. JCIC Asset Management Inc. now owns 705 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 465 shares during the period. GAMMA Investing LLC lifted its stake in shares of Jefferies Financial Group by 123.9% in the 1st quarter. GAMMA Investing LLC now owns 1,151 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 637 shares during the period. IFP Advisors Inc lifted its stake in shares of Jefferies Financial Group by 87.9% in the 1st quarter. IFP Advisors Inc now owns 1,387 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 649 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Jefferies Financial Group by 105.5% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,525 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 783 shares during the period. Finally, Sierra Ocean LLC lifted its stake in shares of Jefferies Financial Group by 824.0% in the 1st quarter. Sierra Ocean LLC now owns 1,848 shares of the financial services provider’s stock worth $99,000 after acquiring an additional 1,648 shares during the period. Institutional investors and hedge funds own 60.88% of the company’s stock.

Analyst Ratings Changes

JEF has been the subject of a number of research analyst reports. The Goldman Sachs Group increased their price target on shares of Jefferies Financial Group from $55.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, May 15th. Morgan Stanley dropped their target price on shares of Jefferies Financial Group from $55.00 to $54.00 and set an “equal weight” rating for the company in a report on Thursday, June 26th. Finally, Wall Street Zen downgraded shares of Jefferies Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $66.00.

Jefferies Financial Group Stock Performance

NYSE:JEF opened at $63.02 on Thursday. The company has a market capitalization of $13.00 billion, a P/E ratio of 23.78 and a beta of 1.48. Jefferies Financial Group Inc. has a twelve month low of $39.28 and a twelve month high of $82.68. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.68. The firm has a 50-day moving average price of $55.80 and a two-hundred day moving average price of $56.01.

Jefferies Financial Group (NYSE:JEF) last issued its quarterly earnings results on Wednesday, June 25th. The financial services provider reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.04). The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Jefferies Financial Group had a return on equity of 6.59% and a net margin of 7.70%. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.64 earnings per share. As a group, research analysts expect that Jefferies Financial Group Inc. will post 4.41 earnings per share for the current fiscal year.

Jefferies Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, August 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.5%. Jefferies Financial Group’s payout ratio is 60.38%.

Jefferies Financial Group Company 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.