Jefferies Financial Group Inc. (NYSE:JEF) President Brian P. Friedman Sells 247,326 Shares

Jefferies Financial Group Inc. (NYSE:JEF) President Brian P. Friedman sold 247,326 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $65.20, for a total transaction of $16,125,655.20. Following the transaction, the president now owns 1,632,277 shares of the company’s stock, valued at approximately $106,424,460.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jefferies Financial Group Stock Down 0.6 %

NYSE:JEF opened at $64.57 on Thursday. The company has a market cap of $13.27 billion, a PE ratio of 27.59 and a beta of 1.32. Jefferies Financial Group Inc. has a twelve month low of $31.92 and a twelve month high of $67.79. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.53. The company’s 50 day moving average is $61.55 and its two-hundred day moving average is $53.45.

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

Jefferies Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Monday, November 18th. Jefferies Financial Group’s dividend payout ratio (DPR) is currently 59.83%.

Institutional Trading of Jefferies Financial Group

Large investors have recently made changes to their positions in the business. Sei Investments Co. boosted its holdings in shares of Jefferies Financial Group by 92.2% in the 1st quarter. Sei Investments Co. now owns 376,597 shares of the financial services provider’s stock valued at $16,608,000 after acquiring an additional 180,702 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Jefferies Financial Group by 1,386.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 141,963 shares of the financial services provider’s stock valued at $7,064,000 after acquiring an additional 132,414 shares during the last quarter. Tocqueville Asset Management L.P. purchased a new stake in shares of Jefferies Financial Group in the 1st quarter valued at $2,722,000. Fulton Bank N.A. acquired a new position in shares of Jefferies Financial Group in the 2nd quarter valued at $726,000. Finally, Seven Eight Capital LP lifted its stake in shares of Jefferies Financial Group by 199.1% in the 1st quarter. Seven Eight Capital LP now owns 27,541 shares of the financial services provider’s stock valued at $1,215,000 after purchasing an additional 18,332 shares during the period. 60.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. UBS Group assumed coverage on shares of Jefferies Financial Group in a research note on Tuesday, September 17th. They set a “buy” rating and a $67.00 price objective for the company. Morgan Stanley boosted 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 report on Monday, September 23rd. Finally, Oppenheimer boosted their target price on shares of Jefferies Financial Group from $64.00 to $66.00 and gave the stock an “outperform” rating in a research report on Friday, September 13th.

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.