Everence Capital Management Inc. Takes $369,000 Position in Jefferies Financial Group Inc (JEF)

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Everence Capital Management Inc. purchased a new stake in Jefferies Financial Group Inc (NYSE:JEF) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,790 shares of the financial services provider’s stock, valued at approximately $369,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. purchased a new position in Jefferies Financial Group in the second quarter valued at about $106,000. Victory Capital Management Inc. purchased a new position in Jefferies Financial Group in the second quarter valued at about $108,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Jefferies Financial Group in the second quarter valued at about $109,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Jefferies Financial Group in the second quarter valued at about $112,000. Finally, Smithfield Trust Co. purchased a new position in Jefferies Financial Group in the second quarter valued at about $114,000. 74.18% of the stock is owned by hedge funds and other institutional investors.

NYSE:JEF traded down $0.55 during trading hours on Monday, reaching $20.89. 215,512 shares of the stock were exchanged, compared to its average volume of 2,625,270. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.97. Jefferies Financial Group Inc has a 52 week low of $20.23 and a 52 week high of $28.30. The company has a market cap of $7.15 billion, a PE ratio of 12.70 and a beta of 1.13.

Jefferies Financial Group (NYSE:JEF) last released its earnings results on Thursday, July 26th. The financial services provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.15. Jefferies Financial Group had a return on equity of 4.52% and a net margin of 7.60%. The company had revenue of $911.15 million for the quarter, compared to the consensus estimate of $789.70 million. During the same quarter last year, the business posted $0.16 EPS. Jefferies Financial Group’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, sell-side analysts expect that Jefferies Financial Group Inc will post 1.46 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Monday, September 17th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date was Friday, September 14th. This is an increase from Jefferies Financial Group’s previous quarterly dividend of $0.10. Jefferies Financial Group’s dividend payout ratio (DPR) is currently 30.30%.

A number of research analysts recently commented on JEF shares. ValuEngine downgraded Jefferies Financial Group from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Keefe, Bruyette & Woods started coverage on Jefferies Financial Group in a report on Monday, August 20th. They set an “outperform” rating and a $29.00 target price on the stock. Finally, Zacks Investment Research downgraded Jefferies Financial Group from a “buy” rating to a “hold” rating in a report on Friday, September 7th.

About Jefferies Financial Group

Jefferies Financial Group Inc, a financial services company, offers a range of products and services in investment banking, equities, fixed income, and wealth management in the Americas, Europe, and Asia. It engages in the debt capital market, equity capital market, merger and acquisition, private capital advisory, and restructuring and recapitalization businesses.

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Institutional Ownership by Quarter for Jefferies Financial Group (NYSE:JEF)

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