NewEdge Wealth LLC acquired a new position in shares of Jefferies Financial Group Inc. (NYSE:JEF) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 281,052 shares of the financial services provider’s stock, valued at approximately $8,460,000. Jefferies Financial Group makes up approximately 0.8% of NewEdge Wealth LLC’s holdings, making the stock its 29th biggest position.
Several other institutional investors also recently made changes to their positions in JEF. Norges Bank acquired a new position in shares of Jefferies Financial Group during the fourth quarter worth about $69,150,000. LSV Asset Management grew its position in shares of Jefferies Financial Group by 932.1% during the first quarter. LSV Asset Management now owns 1,779,305 shares of the financial services provider’s stock worth $53,557,000 after buying an additional 1,606,905 shares in the last quarter. Miller Howard Investments Inc. NY acquired a new position in shares of Jefferies Financial Group during the first quarter worth about $45,640,000. BNP Paribas Arbitrage SA grew its position in shares of Jefferies Financial Group by 2,459.3% during the first quarter. BNP Paribas Arbitrage SA now owns 1,264,252 shares of the financial services provider’s stock worth $38,054,000 after buying an additional 1,214,854 shares in the last quarter. Finally, FMR LLC grew its position in shares of Jefferies Financial Group by 1,500.1% during the first quarter. FMR LLC now owns 1,240,071 shares of the financial services provider’s stock worth $23,301,000 after buying an additional 1,162,570 shares in the last quarter. 68.23% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on the company. TheStreet raised Jefferies Financial Group from a “c+” rating to a “b-” rating in a research report on Wednesday, March 24th. Zacks Investment Research downgraded Jefferies Financial Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 25th.
JEF traded up $0.45 on Wednesday, reaching $30.44. The company’s stock had a trading volume of 15,888 shares, compared to its average volume of 2,241,563. The company has a market capitalization of $7.52 billion, a P/E ratio of 6.71 and a beta of 1.47. Jefferies Financial Group Inc. has a fifty-two week low of $14.14 and a fifty-two week high of $34.86. The business has a 50 day simple moving average of $32.00. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 1.10.
Jefferies Financial Group (NYSE:JEF) last posted its quarterly earnings data on Tuesday, March 23rd. The financial services provider reported $2.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.89. Jefferies Financial Group had a return on equity of 13.12% and a net margin of 17.50%. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $1.68 billion. On average, research analysts forecast that Jefferies Financial Group Inc. will post 4.33 EPS for the current year.
In other news, Director Stuart Harry Reese sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, April 12th. The stock was sold at an average price of $31.59, for a total transaction of $315,900.00. Following the completion of the sale, the director now owns 38,756 shares in the company, valued at $1,224,302.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 17.10% of the stock is owned by corporate insiders.
Jefferies Financial Group Profile
Jefferies Financial Group Inc engages in the investment banking and capital markets, asset management, and direct investing businesses in the Americas, Europe, the Middle East, Africa, and Asia. It operates through Investment Banking and Capital Markets, Asset Management, Merchant Banking, and Corporate segments.
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