Rockefeller Capital Management L.P. Acquires 12,441 Shares of Jefferies Financial Group Inc. (NYSE:JEF)

Rockefeller Capital Management L.P. lifted its holdings in Jefferies Financial Group Inc. (NYSE:JEF) by 47.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,555 shares of the financial services provider’s stock after acquiring an additional 12,441 shares during the period. Rockefeller Capital Management L.P.’s holdings in Jefferies Financial Group were worth $2,373,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in JEF. Rothschild Investment LLC bought a new position in shares of Jefferies Financial Group in the 2nd quarter valued at about $25,000. Eastern Bank bought a new position in shares of Jefferies Financial Group in the 3rd quarter valued at about $42,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Jefferies Financial Group in the 2nd quarter valued at about $48,000. Creative Financial Designs Inc. ADV lifted its holdings in shares of Jefferies Financial Group by 68.1% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,071 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 434 shares during the last quarter. Finally, Huntington National Bank lifted its holdings in shares of Jefferies Financial Group by 14,055.6% in the 3rd quarter. Huntington National Bank now owns 1,274 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 1,265 shares during the last quarter. Institutional investors own 60.88% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. 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 price objective for the company. Oppenheimer raised their price objective 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. Finally, Morgan Stanley raised their price objective 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.

Jefferies Financial Group Stock Up 0.1 %

Shares of NYSE JEF opened at $78.11 on Friday. The firm has a 50-day simple moving average of $69.68 and a two-hundred day simple moving average of $58.98. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.03 and a quick ratio of 1.03. Jefferies Financial Group Inc. has a 1 year low of $36.10 and a 1 year high of $80.53. The company has a market cap of $16.05 billion, a P/E ratio of 33.38 and a beta of 1.35.

Jefferies Financial Group (NYSE:JEF) last posted its quarterly earnings results 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). Jefferies Financial Group had a net margin of 9.27% and a return on equity of 6.40%. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the prior year, the firm posted $0.32 EPS. The business’s revenue was up 42.4% on a year-over-year basis. Research analysts anticipate that Jefferies Financial Group Inc. will post 3.13 earnings per share for the current year.

Jefferies Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Monday, November 18th. Jefferies Financial Group’s dividend payout ratio is presently 59.83%.

Insider Activity

In other news, President Brian P. Friedman sold 200,000 shares of Jefferies Financial Group stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $63.09, for a total transaction of $12,618,000.00. Following the completion of the sale, the president now owns 604,606 shares of the company’s stock, valued at approximately $38,144,592.54. The trade was a 24.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert D. Beyer sold 46,200 shares of Jefferies Financial Group stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $64.07, for a total transaction of $2,960,034.00. Following the transaction, the director now directly owns 100,375 shares in the company, valued at approximately $6,431,026.25. The trade was a 31.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,286,923 shares of company stock valued at $88,999,151. Corporate insiders own 20.40% of the company’s stock.

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.