Jefferies Financial Group Inc (JEF) Shares Sold by Rock Point Advisors LLC
Rock Point Advisors LLC lessened its stake in Jefferies Financial Group Inc (NYSE:JEF) by 1.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 317,903 shares of the financial services provider’s stock after selling 5,080 shares during the quarter. Jefferies Financial Group makes up about 2.8% of Rock Point Advisors LLC’s investment portfolio, making the stock its 14th largest position. Rock Point Advisors LLC’s holdings in Jefferies Financial Group were worth $5,973,000 as of its most recent filing with the SEC.
Other hedge funds also recently added to or reduced their stakes in the company. Quinn Opportunity Partners LLC purchased a new position in shares of Jefferies Financial Group in the first quarter worth $1,654,000. Worldquant Millennium Quantitative Strategies LLC lifted its holdings in shares of Jefferies Financial Group by 27.3% in the fourth quarter. Worldquant Millennium Quantitative Strategies LLC now owns 30,704 shares of the financial services provider’s stock worth $533,000 after buying an additional 6,593 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in shares of Jefferies Financial Group in the fourth quarter worth $1,012,000. Crossmark Global Holdings Inc. lifted its holdings in shares of Jefferies Financial Group by 26.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 84,640 shares of the financial services provider’s stock worth $1,469,000 after buying an additional 17,680 shares in the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of Jefferies Financial Group by 45.4% in the fourth quarter. Prudential Financial Inc. now owns 1,824,482 shares of the financial services provider’s stock worth $31,673,000 after buying an additional 569,942 shares in the last quarter. 79.27% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently commented on JEF shares. Zacks Investment Research raised shares of Jefferies Financial Group from a “strong sell” rating to a “hold” rating in a report on Thursday, January 24th. ValuEngine raised shares of Jefferies Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st.
Jefferies Financial Group (NYSE:JEF) last announced its quarterly earnings results on Thursday, March 28th. The financial services provider reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.10). Jefferies Financial Group had a return on equity of 6.70% and a net margin of 10.07%. The business had revenue of $828.40 million during the quarter, compared to the consensus estimate of $1.03 billion. The business’s revenue was down 7.5% compared to the same quarter last year. As a group, analysts anticipate that Jefferies Financial Group Inc will post 1.16 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Monday, May 20th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.69%. The ex-dividend date is Friday, May 17th. Jefferies Financial Group’s dividend payout ratio is presently 61.73%.
Jefferies Financial Group Profile
Jefferies Financial Group Inc, a financial services company, engages in investment banking and capital markets, asset management, and direct investing businesses in the Americas, Europe, and Asia. the company also offers equities research, sales, and trading services; equity finance services comprising financing, securities lending, and other prime brokerage services; and wealth management services to high net worth individuals, their families and businesses, private equity and venture funds, and small institutions.
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