MBM Wealth Consultants LLC Has $2.20 Million Position in Jefferies Financial Group Inc. (NYSE:JEF)

MBM Wealth Consultants LLC cut its holdings in Jefferies Financial Group Inc. (NYSE:JEF) by 1.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 27,843 shares of the financial services provider’s stock after selling 334 shares during the quarter. Jefferies Financial Group comprises 0.7% of MBM Wealth Consultants LLC’s holdings, making the stock its 21st biggest position. MBM Wealth Consultants LLC’s holdings in Jefferies Financial Group were worth $2,200,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of JEF. Massachusetts Mutual Life Insurance Co. bought a new stake in shares of Jefferies Financial Group in the third quarter valued at about $286,476,000. Friedenthal Financial bought a new stake in Jefferies Financial Group in the 4th quarter valued at approximately $772,000. Lisanti Capital Growth LLC bought a new position in shares of Jefferies Financial Group during the 3rd quarter worth approximately $1,718,000. Covenant Asset Management LLC acquired a new stake in shares of Jefferies Financial Group in the third quarter valued at approximately $3,337,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Jefferies Financial Group by 7.2% in the third quarter. JPMorgan Chase & Co. now owns 2,504,513 shares of the financial services provider’s stock worth $154,153,000 after purchasing an additional 167,270 shares in the last quarter. 60.88% of the stock is owned by institutional investors.

Jefferies Financial Group Trading Up 2.9 %

Jefferies Financial Group stock opened at $77.95 on Wednesday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a 50-day simple moving average of $77.54 and a 200 day simple moving average of $66.21. The stock has a market capitalization of $16.02 billion, a P/E ratio of 26.16 and a beta of 1.35. Jefferies Financial Group Inc. has a 52 week low of $39.58 and a 52 week high of $82.68.

Jefferies Financial Group (NYSE:JEF) last posted its earnings results on Wednesday, January 8th. The financial services provider reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.06). Jefferies Financial Group had a return on equity of 7.97% and a net margin of 10.57%. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same period in the previous year, the firm posted $0.30 earnings per share. The firm’s revenue was up 63.4% compared to the same quarter last year. Analysts expect that Jefferies Financial Group Inc. will post 4.55 earnings per share for the current year.

Jefferies Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Friday, February 14th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.60 dividend on an annualized basis and a yield of 2.05%. This is a positive change from Jefferies Financial Group’s previous quarterly dividend of $0.35. Jefferies Financial Group’s dividend payout ratio is 46.98%.

Analyst Ratings Changes

A number of research analysts recently weighed in on JEF shares. Morgan Stanley raised shares of Jefferies Financial Group from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $67.00 to $97.00 in a research report on Monday, December 9th. Oppenheimer cut their price objective on Jefferies Financial Group from $82.00 to $81.00 and set an “outperform” rating for the company in a report on Friday, January 3rd.

Insiders Place Their Bets

In related news, Director Robert D. Beyer sold 46,200 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $64.07, for a total value of $2,960,034.00. Following the completion of the sale, the director now directly owns 100,375 shares in the company, valued at $6,431,026.25. The trade was a 31.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Brian P. Friedman sold 247,326 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $65.20, for a total value of $16,125,655.20. Following the transaction, the president now owns 1,632,277 shares in the company, valued at $106,424,460.40. The trade was a 13.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,086,923 shares of company stock worth $76,381,151 over the last three months. Insiders own 20.40% of the company’s stock.

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.