TD Private Client Wealth LLC Purchases Shares of 2,708 Jefferies Financial Group Inc. (NYSE:JEF)

TD Private Client Wealth LLC acquired a new position in Jefferies Financial Group Inc. (NYSE:JEF) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,708 shares of the financial services provider’s stock, valued at approximately $212,000.

Other large investors have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Jefferies Financial Group during the 3rd quarter valued at approximately $313,000. Fisher Asset Management LLC boosted its position in shares of Jefferies Financial Group by 95.7% in the third quarter. Fisher Asset Management LLC now owns 780,877 shares of the financial services provider’s stock valued at $48,063,000 after acquiring an additional 381,893 shares during the period. Bank of Montreal Can boosted its position in shares of Jefferies Financial Group by 507.3% in the third quarter. Bank of Montreal Can now owns 132,788 shares of the financial services provider’s stock valued at $8,111,000 after acquiring an additional 110,922 shares during the period. FMR LLC grew its stake in shares of Jefferies Financial Group by 782.5% in the third quarter. FMR LLC now owns 3,286,958 shares of the financial services provider’s stock worth $202,312,000 after acquiring an additional 2,914,504 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in Jefferies Financial Group by 28.0% during the third quarter. BNP Paribas Financial Markets now owns 17,731 shares of the financial services provider’s stock worth $1,091,000 after acquiring an additional 3,877 shares during the period. 60.88% of the stock is owned by institutional investors.

Jefferies Financial Group Price Performance

NYSE:JEF opened at $61.74 on Wednesday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07. The company has a 50-day moving average of $67.68 and a 200-day moving average of $69.58. Jefferies Financial Group Inc. has a 52 week low of $40.72 and a 52 week high of $82.68. The company has a market capitalization of $12.73 billion, a price-to-earnings ratio of 20.72 and a beta of 1.37.

Jefferies Financial Group (NYSE:JEF) last announced its quarterly earnings results on Wednesday, January 8th. The financial services provider reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.06). Jefferies Financial Group had a return on equity of 7.92% and a net margin of 10.57%. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the business earned $0.30 EPS. The firm’s revenue for the quarter was up 63.4% on a year-over-year basis. As a group, equities research analysts anticipate that Jefferies Financial Group Inc. will post 4.41 earnings per share for the current fiscal year.

Jefferies Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Friday, February 14th were paid a dividend of $0.40 per share. This is a positive change from Jefferies Financial Group’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 2.59%. The ex-dividend date was Friday, February 14th. Jefferies Financial Group’s dividend payout ratio is currently 53.69%.

Analyst Ratings Changes

JEF has been the topic of several research analyst reports. The Goldman Sachs Group set a $75.00 price target on shares of Jefferies Financial Group in a research report on Wednesday, March 5th. Oppenheimer lowered Jefferies Financial Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. Finally, Morgan Stanley cut their price target on Jefferies Financial Group from $92.00 to $81.00 and set an “overweight” rating for the company in a report on Thursday, March 13th.

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.