Maltese Capital Management LLC Purchases New Stake in Jefferies Financial Group Inc (JEF)

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Maltese Capital Management LLC purchased a new position in shares of Jefferies Financial Group Inc (NYSE:JEF) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 130,000 shares of the financial services provider’s stock, valued at approximately $2,855,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of Jefferies Financial Group during the 2nd quarter valued at about $472,764,000. Baillie Gifford & Co. raised its stake in shares of Jefferies Financial Group by 1.0% during the 3rd quarter. Baillie Gifford & Co. now owns 13,799,592 shares of the financial services provider’s stock valued at $303,039,000 after buying an additional 130,441 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Jefferies Financial Group during the 2nd quarter valued at about $260,247,000. Great West Life Assurance Co. Can purchased a new position in shares of Jefferies Financial Group during the 2nd quarter valued at about $134,713,000. Finally, Sterling Capital Management LLC purchased a new position in shares of Jefferies Financial Group during the 2nd quarter valued at about $99,637,000. Institutional investors and hedge funds own 76.96% of the company’s stock.

Separately, Zacks Investment Research upgraded Jefferies Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, December 6th.

NYSE JEF opened at $17.57 on Wednesday. The stock has a market cap of $5.69 billion, a price-to-earnings ratio of 10.65 and a beta of 1.03. Jefferies Financial Group Inc has a fifty-two week low of $17.44 and a fifty-two week high of $28.30. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.97.

Jefferies Financial Group (NYSE:JEF) last released its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.03). The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $869.80 million. Jefferies Financial Group had a net margin of 10.07% and a return on equity of 5.07%. Analysts forecast that Jefferies Financial Group Inc will post 1.27 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Monday, November 19th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, November 16th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.85%. Jefferies Financial Group’s payout ratio is currently 30.30%.

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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.

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

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