Insight Wealth Strategies LLC Makes New Investment in Jefferies Financial Group Inc. (NYSE:JEF)

Insight Wealth Strategies LLC acquired a new stake in Jefferies Financial Group Inc. (NYSE:JEF) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 55,943 shares of the financial services provider’s stock, valued at approximately $4,386,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Neville Rodie & Shaw Inc. acquired a new position in shares of Jefferies Financial Group during the 4th quarter valued at about $221,000. Everence Capital Management Inc. purchased a new position in Jefferies Financial Group during the fourth quarter worth approximately $262,000. GAMMA Investing LLC boosted its holdings in shares of Jefferies Financial Group by 158.3% in the 4th quarter. GAMMA Investing LLC now owns 514 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 315 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Jefferies Financial Group by 7.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,504,513 shares of the financial services provider’s stock valued at $154,153,000 after buying an additional 167,270 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of Jefferies Financial Group during the 3rd quarter worth $6,455,000. 60.88% of the stock is currently owned by institutional investors and hedge funds.

Jefferies Financial Group Stock Up 0.5 %

Jefferies Financial Group stock traded up $0.37 during midday trading on Monday, hitting $81.37. 1,479,368 shares of the company were exchanged, compared to its average volume of 1,512,561. 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 fifty-two week low of $38.77 and a fifty-two week high of $82.68. The company’s fifty day moving average price is $75.55 and its 200-day moving average price is $63.88. The company has a market cap of $16.72 billion, a PE ratio of 34.77 and a beta of 1.35.

Insider Transactions at Jefferies Financial Group

In other news, President Brian P. Friedman sold 393,397 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $72.17, for a total value of $28,391,461.49. Following the sale, the president now owns 560,507 shares in the company, valued at approximately $40,451,790.19. This represents a 41.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Richard B. Handler sold 400,000 shares of Jefferies Financial Group stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $72.26, for a total value of $28,904,000.00. Following the completion of the transaction, the chief executive officer now owns 14,971,288 shares of the company’s stock, valued at $1,081,825,270.88. This trade represents a 2.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,286,923 shares of company stock valued at $88,999,151. Corporate insiders own 20.40% of the company’s stock.

Wall Street Analyst Weigh In

JEF has been the subject of a number of research reports. UBS Group assumed coverage on Jefferies Financial Group in a research report on Tuesday, September 17th. They set a “buy” rating and a $67.00 price target for the company. Oppenheimer dropped their target price on shares of Jefferies Financial Group from $82.00 to $81.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Morgan Stanley raised shares of Jefferies Financial Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $67.00 to $97.00 in a research report on Monday, December 9th.

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.