Seven Eight Capital LP Has $2.90 Million Stake in Jefferies Financial Group Inc. (NYSE:JEF)

Seven Eight Capital LP increased its holdings in shares of Jefferies Financial Group Inc. (NYSE:JEF) by 111.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,292 shares of the financial services provider’s stock after acquiring an additional 30,751 shares during the period. Seven Eight Capital LP’s holdings in Jefferies Financial Group were worth $2,901,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its stake in shares of Jefferies Financial Group by 88.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 6,113,391 shares of the financial services provider’s stock valued at $269,601,000 after buying an additional 2,876,529 shares in the last quarter. Norges Bank acquired a new position in shares of Jefferies Financial Group during the fourth quarter worth approximately $88,852,000. Artemis Investment Management LLP bought a new stake in shares of Jefferies Financial Group during the second quarter valued at approximately $58,211,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Jefferies Financial Group in the second quarter valued at approximately $21,148,000. Finally, Principal Financial Group Inc. raised its position in Jefferies Financial Group by 13.2% in the 1st quarter. Principal Financial Group Inc. now owns 1,707,433 shares of the financial services provider’s stock worth $75,298,000 after purchasing an additional 199,662 shares during the last quarter. 60.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on JEF. StockNews.com lowered Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, June 21st. Morgan Stanley lifted their price objective on Jefferies Financial Group from $44.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. Oppenheimer increased their target price on Jefferies Financial Group from $64.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, September 13th. Finally, UBS Group assumed coverage on shares of Jefferies Financial Group in a report on Tuesday. They issued a “buy” rating and a $67.00 price target for the company.

Jefferies Financial Group Trading Up 2.0 %

NYSE:JEF opened at $60.85 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. Jefferies Financial Group Inc. has a twelve month low of $31.38 and a twelve month high of $62.04. The company has a market cap of $12.50 billion, a P/E ratio of 33.62 and a beta of 1.32. The business has a 50 day moving average price of $56.42 and a two-hundred day moving average price of $49.07.

Jefferies Financial Group (NYSE:JEF) last released its earnings results on Wednesday, June 26th. The financial services provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. Jefferies Financial Group had a net margin of 7.82% and a return on equity of 5.37%. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter last year, the firm earned $0.29 earnings per share. The firm’s revenue for the quarter was up 59.6% compared to the same quarter last year. As a group, analysts expect that Jefferies Financial Group Inc. will post 3.27 EPS for the current fiscal year.

Jefferies Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were given a dividend of $0.35 per share. The ex-dividend date was Monday, August 19th. This is an increase from Jefferies Financial Group’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a yield of 2.30%. Jefferies Financial Group’s dividend payout ratio (DPR) is 77.35%.

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.