Point72 Asia Singapore Pte. Ltd. Buys Shares of 23,139 Jefferies Financial Group Inc. (NYSE:JEF)

Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Jefferies Financial Group Inc. (NYSE:JEF) in the third quarter, Holdings Channel reports. The fund bought 23,139 shares of the financial services provider’s stock, valued at approximately $1,424,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of Jefferies Financial Group by 1,386.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 141,963 shares of the financial services provider’s stock valued at $7,064,000 after purchasing an additional 132,414 shares in the last quarter. Fulton Bank N.A. bought a new stake in shares of Jefferies Financial Group during the second quarter valued at approximately $726,000. Lisanti Capital Growth LLC bought a new stake in shares of Jefferies Financial Group during the third quarter valued at approximately $1,718,000. Covenant Asset Management LLC bought a new stake in shares of Jefferies Financial Group during the third quarter valued at approximately $3,337,000. Finally, Victory Capital Management Inc. increased its position in shares of Jefferies Financial Group by 45.5% during the third quarter. Victory Capital Management Inc. now owns 89,605 shares of the financial services provider’s stock valued at $5,515,000 after acquiring an additional 28,011 shares in the last quarter. Institutional investors own 60.88% of the company’s stock.

Jefferies Financial Group Trading Up 0.3 %

Shares of Jefferies Financial Group stock opened at $79.14 on Monday. The company’s fifty day simple moving average is $68.06 and its 200-day simple moving average is $57.99. The stock has a market capitalization of $16.26 billion, a PE ratio of 33.82 and a beta of 1.31. Jefferies Financial Group Inc. has a 1-year low of $35.05 and a 1-year high of $80.53. 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 (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 the consensus estimate of $0.78 by ($0.03). The business 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 company’s revenue was up 42.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 EPS. As a group, equities analysts anticipate that Jefferies Financial Group Inc. will post 3.13 earnings per share for the current year.

Jefferies Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 18th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend was Monday, November 18th. Jefferies Financial Group’s dividend payout ratio (DPR) is 59.83%.

Analyst Upgrades and Downgrades

JEF has been the subject of several analyst reports. UBS Group initiated coverage on shares of 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. Morgan Stanley raised their price target on shares of Jefferies Financial Group from $59.00 to $64.00 and gave the company an “equal weight” rating in a research report on Monday, September 23rd. Finally, Oppenheimer raised their target price on shares of Jefferies Financial Group from $73.00 to $83.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th.

Insider Activity at Jefferies Financial Group

In related news, CEO Richard B. Handler sold 400,000 shares of Jefferies Financial Group stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $72.26, for a total transaction of $28,904,000.00. Following the transaction, the chief executive officer now owns 14,971,288 shares in the company, valued at approximately $1,081,825,270.88. The trade was a 2.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mitsui Financial Grou Sumitomo bought 9,247,081 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were purchased at an average price of $59.67 per share, for a total transaction of $551,773,323.27. Following the purchase, the director now owns 9,247,081 shares in the company, valued at $551,773,323.27. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 1,286,923 shares of company stock worth $88,999,151. 20.40% of the stock is owned by corporate insiders.

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.