Mutual of America Capital Management LLC Sells 9,388 Shares of Jefferies Financial Group Inc. (NYSE:JEF)

Mutual of America Capital Management LLC cut its holdings in Jefferies Financial Group Inc. (NYSE:JEF) by 9.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 87,737 shares of the financial services provider’s stock after selling 9,388 shares during the period. Mutual of America Capital Management LLC’s holdings in Jefferies Financial Group were worth $5,400,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its holdings in Jefferies Financial Group by 15.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,049,815 shares of the financial services provider’s stock worth $350,799,000 after buying an additional 936,424 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Jefferies Financial Group by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,232,280 shares of the financial services provider’s stock worth $210,591,000 after buying an additional 76,327 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Jefferies Financial Group by 12.9% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,396,255 shares of the financial services provider’s stock worth $168,998,000 after buying an additional 389,385 shares during the period. Bank of New York Mellon Corp boosted its holdings in Jefferies Financial Group by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,168,909 shares of the financial services provider’s stock worth $107,925,000 after buying an additional 34,295 shares during the period. Finally, Marshall Wace LLP boosted its holdings in Jefferies Financial Group by 365.9% in the 2nd quarter. Marshall Wace LLP now owns 1,947,192 shares of the financial services provider’s stock worth $96,892,000 after buying an additional 1,529,218 shares during the period. 60.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Oppenheimer increased their target price on shares of Jefferies Financial Group from $73.00 to $83.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. UBS Group assumed coverage on shares of Jefferies Financial Group in a research note on Tuesday, September 17th. They issued a “buy” rating and a $67.00 target price on the stock. Finally, Morgan Stanley increased their target price on shares of Jefferies Financial Group from $59.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Monday, September 23rd.

Insider Buying and Selling

In other Jefferies Financial Group news, Director Mitsui Financial Grou Sumitomo bought 9,247,081 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were bought at an average price of $59.67 per share, for a total transaction of $551,773,323.27. Following the transaction, the director now directly owns 9,247,081 shares in the company, valued at $551,773,323.27. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard B. Handler sold 400,000 shares of Jefferies Financial Group stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $72.26, for a total transaction of $28,904,000.00. Following the completion of the transaction, the chief executive officer now owns 14,971,288 shares in the company, valued at approximately $1,081,825,270.88. The trade was a 2.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,286,923 shares of company stock worth $88,999,151 in the last 90 days. 20.40% of the stock is owned by company insiders.

Jefferies Financial Group Stock Performance

Jefferies Financial Group stock opened at $74.67 on Wednesday. The firm’s fifty day moving average price is $65.10 and its 200-day moving average price is $56.25. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market cap of $15.34 billion, a P/E ratio of 31.91 and a beta of 1.31. Jefferies Financial Group Inc. has a fifty-two week low of $34.34 and a fifty-two week high of $75.81.

Jefferies Financial Group (NYSE:JEF) last posted its quarterly earnings data on Wednesday, September 25th. The financial services provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.03). The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Jefferies Financial Group had a net margin of 9.27% and a return on equity of 6.40%. The business’s quarterly revenue was up 42.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 EPS. On average, equities research analysts expect that Jefferies Financial Group Inc. will post 3.13 earnings per share for the current fiscal year.

Jefferies Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Monday, November 18th. Jefferies Financial Group’s dividend payout ratio (DPR) is currently 59.83%.

About Jefferies Financial Group

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.