Creekside Partners Buys Shares of 3,910 Jefferies Financial Group Inc. (NYSE:JEF)

Creekside Partners bought a new stake in Jefferies Financial Group Inc. (NYSE:JEF) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,910 shares of the financial services provider’s stock, valued at approximately $241,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its position in shares of Jefferies Financial Group by 15.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,049,815 shares of the financial services provider’s stock valued at $350,799,000 after acquiring an additional 936,424 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Jefferies Financial Group by 1.8% in the second 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 increased its position in Jefferies Financial Group by 12.9% in the second 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 increased its position in Jefferies Financial Group by 1.6% in the second 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 increased its position in Jefferies Financial Group by 365.9% in the second 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 and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on JEF shares. Morgan Stanley increased their price target on 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. UBS Group started coverage on Jefferies Financial Group in a research note on Tuesday, September 17th. They issued a “buy” rating and a $67.00 price target for the company. Finally, Oppenheimer increased their price target on Jefferies Financial Group from $73.00 to $83.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th.

Jefferies Financial Group Trading Up 0.4 %

Shares of JEF stock opened at $74.95 on Thursday. The stock has a 50-day simple moving average of $65.47 and a 200 day simple moving average of $56.39. Jefferies Financial Group Inc. has a fifty-two week low of $34.34 and a fifty-two week high of $75.81. The stock has a market capitalization of $15.40 billion, a P/E ratio of 32.03 and a beta of 1.31. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.53.

Jefferies Financial Group (NYSE:JEF) last issued its quarterly earnings results on Wednesday, September 25th. The financial services provider reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). The company had revenue of $1.68 billion during 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 company’s revenue for the quarter was up 42.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.32 EPS. On average, sell-side 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders 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 yield of 1.87%. The ex-dividend date is Monday, November 18th. Jefferies Financial Group’s payout ratio is 59.83%.

Insider Transactions at Jefferies Financial Group

In related news, Director Mitsui Financial Grou Sumitomo bought 9,247,081 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was 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 represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Brian P. Friedman sold 200,000 shares of the business’s stock in a transaction 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 transaction, the president now owns 604,606 shares in the company, valued at approximately $38,144,592.54. This represents a 24.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,286,923 shares of company stock valued at $88,999,151 over the last quarter. Company insiders own 20.40% of the company’s stock.

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.