Artemis Investment Management LLP lessened its stake in shares of Jefferies Financial Group Inc (NYSE:JEF) by 22.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 707,360 shares of the financial services provider’s stock after selling 210,372 shares during the quarter. Artemis Investment Management LLP owned approximately 0.22% of Jefferies Financial Group worth $15,537,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JEF. BlackRock Inc. bought a new stake in Jefferies Financial Group during the 2nd quarter valued at $472,764,000. Bank of New York Mellon Corp acquired a new stake in shares of Jefferies Financial Group in the 2nd quarter worth $260,247,000. Great West Life Assurance Co. Can acquired a new stake in shares of Jefferies Financial Group in the 2nd quarter worth $134,713,000. Sterling Capital Management LLC acquired a new stake in shares of Jefferies Financial Group in the 2nd quarter worth $99,637,000. Finally, Burgundy Asset Management Ltd. purchased a new position in Jefferies Financial Group in the 2nd quarter worth $79,578,000. 78.64% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently issued reports on the company. Keefe, Bruyette & Woods assumed coverage on Jefferies Financial Group in a research note on Monday, August 20th. They issued an “outperform” rating and a $29.00 target price for the company. Zacks Investment Research lowered Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. Finally, ValuEngine upgraded Jefferies Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 25th.

Shares of JEF stock opened at $21.00 on Thursday. The firm has a market capitalization of $6.87 billion, a P/E ratio of 12.73 and a beta of 1.02. 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 Inc has a 1 year low of $19.60 and a 1 year high of $28.30.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Monday, November 19th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, November 16th. This represents a $0.50 dividend on an annualized basis and a yield of 2.38%. Jefferies Financial Group’s dividend payout ratio (DPR) is 30.30%.

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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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