QUANTRES ASSET MANAGEMENT Ltd bought a new position in shares of Jefferies Financial Group Inc (NYSE:JEF) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 16,600 shares of the financial services provider’s stock, valued at approximately $365,000.
Other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. purchased a new stake in Jefferies Financial Group in the second quarter worth about $106,000. Victory Capital Management Inc. purchased a new stake in Jefferies Financial Group in the second quarter worth about $108,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Jefferies Financial Group in the second quarter worth about $109,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Jefferies Financial Group in the second quarter worth about $112,000. Finally, Palo Capital Inc. purchased a new stake in Jefferies Financial Group in the third quarter worth about $108,000. Institutional investors own 74.16% of the company’s stock.
JEF has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Jefferies Financial Group from a “buy” rating to a “hold” rating in a report on Friday, September 7th. Keefe, Bruyette & Woods initiated coverage on shares of Jefferies Financial Group in a report on Monday, August 20th. They issued an “outperform” rating and a $29.00 price objective for the company. Finally, ValuEngine upgraded shares of Jefferies Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 25th.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Monday, November 19th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, November 16th. This represents a $0.50 annualized dividend and a dividend yield of 2.33%. Jefferies Financial Group’s payout ratio is 30.30%.
Jefferies Financial Group Profile
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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