Jefferies Financial Group Inc (JEF) Shares Bought by Los Angeles Capital Management & Equity Research Inc.

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Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of Jefferies Financial Group Inc (NYSE:JEF) by 10.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 804,814 shares of the financial services provider’s stock after acquiring an additional 75,240 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Jefferies Financial Group were worth $17,674,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Virginia Retirement Systems ET AL purchased a new stake in Jefferies Financial Group during the third quarter worth $3,683,000. Cadence Capital Management LLC boosted its position in Jefferies Financial Group by 170.0% during the third quarter. Cadence Capital Management LLC now owns 30,748 shares of the financial services provider’s stock worth $675,000 after purchasing an additional 19,359 shares in the last quarter. Wells Fargo & Company MN boosted its position in Jefferies Financial Group by 63.2% during the third quarter. Wells Fargo & Company MN now owns 927,261 shares of the financial services provider’s stock worth $20,363,000 after purchasing an additional 359,237 shares in the last quarter. River Road Asset Management LLC boosted its position in Jefferies Financial Group by 41.0% during the third quarter. River Road Asset Management LLC now owns 379,032 shares of the financial services provider’s stock worth $8,324,000 after purchasing an additional 110,150 shares in the last quarter. Finally, Monarch Partners Asset Management LLC boosted its position in Jefferies Financial Group by 63.0% during the third quarter. Monarch Partners Asset Management LLC now owns 810,800 shares of the financial services provider’s stock worth $17,805,000 after purchasing an additional 313,225 shares in the last quarter. 73.97% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:JEF opened at $21.99 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.97. Jefferies Financial Group Inc has a 52-week low of $19.60 and a 52-week high of $28.30. The firm has a market capitalization of $7.12 billion, a PE ratio of 13.33 and a beta of 1.02.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Monday, November 19th will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, November 16th. This represents a $0.50 annualized dividend and a dividend yield of 2.27%. Jefferies Financial Group’s dividend payout ratio is currently 30.30%.

A number of research firms have commented on JEF. Zacks Investment Research downgraded Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. ValuEngine upgraded Jefferies Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 25th. Finally, Keefe, Bruyette & Woods began coverage on Jefferies Financial Group in a research report on Monday, August 20th. They set an “outperform” rating and a $29.00 target price on the stock.

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Jefferies Financial Group Company 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.

Further Reading: Discover Your Risk Tolerance

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

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