Tocqueville Asset Management L.P. Has $5.33 Million Position in Jefferies Financial Group Inc. (NYSE:JEF)

Tocqueville Asset Management L.P. cut its position in Jefferies Financial Group Inc. (NYSE:JEF) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 67,974 shares of the financial services provider’s stock after selling 1,476 shares during the period. Tocqueville Asset Management L.P.’s holdings in Jefferies Financial Group were worth $5,329,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. GSA Capital Partners LLP bought a new position in Jefferies Financial Group during the third quarter worth about $332,000. Victory Capital Management Inc. lifted its holdings in shares of Jefferies Financial Group by 45.5% during the 3rd quarter. Victory Capital Management Inc. now owns 89,605 shares of the financial services provider’s stock valued at $5,515,000 after purchasing an additional 28,011 shares in the last quarter. Huntington National Bank grew its position in shares of Jefferies Financial Group by 14,055.6% in the 3rd quarter. Huntington National Bank now owns 1,274 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 1,265 shares during the period. CIBC Asset Management Inc increased its stake in Jefferies Financial Group by 3.4% during the 3rd quarter. CIBC Asset Management Inc now owns 6,162 shares of the financial services provider’s stock worth $379,000 after purchasing an additional 204 shares in the last quarter. Finally, Natixis Advisors LLC raised its holdings in Jefferies Financial Group by 5.5% during the 3rd quarter. Natixis Advisors LLC now owns 34,562 shares of the financial services provider’s stock worth $2,127,000 after buying an additional 1,790 shares during the period. 60.88% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on JEF. Oppenheimer lowered their price objective 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, January 3rd. Morgan Stanley lowered their target price on Jefferies Financial Group from $92.00 to $81.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Finally, The Goldman Sachs Group set a $75.00 price target on Jefferies Financial Group in a report on Wednesday, March 5th.

Jefferies Financial Group Stock Performance

Shares of JEF stock opened at $58.44 on Wednesday. Jefferies Financial Group Inc. has a 12 month low of $40.72 and a 12 month high of $82.68. The company’s fifty day simple moving average is $69.13 and its 200-day simple moving average is $69.49. The firm has a market cap of $12.05 billion, a PE ratio of 19.61 and a beta of 1.37. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.57.

Jefferies Financial Group (NYSE:JEF) last issued its quarterly earnings results on Wednesday, January 8th. The financial services provider reported $0.91 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.06). Jefferies Financial Group had a return on equity of 7.92% and a net margin of 10.57%. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same period last year, the firm earned $0.30 earnings per share. The company’s quarterly revenue was up 63.4% compared to the same quarter last year. Equities research analysts expect that Jefferies Financial Group Inc. will post 4.41 EPS for the current fiscal year.

Jefferies Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Friday, February 14th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Jefferies Financial Group’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 2.74%. Jefferies Financial Group’s dividend payout ratio is 53.69%.

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.