Parallel Advisors LLC Has $1.53 Million Position in Jefferies Financial Group Inc. $JEF

Parallel Advisors LLC grew its holdings in shares of Jefferies Financial Group Inc. (NYSE:JEF) by 133.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,618 shares of the financial services provider’s stock after buying an additional 14,072 shares during the quarter. Parallel Advisors LLC’s holdings in Jefferies Financial Group were worth $1,526,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of JEF. Eminence Capital LP boosted its position in Jefferies Financial Group by 129.7% during the third quarter. Eminence Capital LP now owns 3,358,561 shares of the financial services provider’s stock valued at $219,717,000 after purchasing an additional 1,896,547 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Jefferies Financial Group by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 2,942,554 shares of the financial services provider’s stock worth $182,390,000 after purchasing an additional 24,171 shares in the last quarter. Norges Bank acquired a new stake in shares of Jefferies Financial Group in the 4th quarter valued at approximately $145,584,000. Fisher Asset Management LLC grew its stake in shares of Jefferies Financial Group by 1.6% in the third quarter. Fisher Asset Management LLC now owns 2,115,548 shares of the financial services provider’s stock valued at $138,399,000 after buying an additional 32,708 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Jefferies Financial Group by 5.2% in the third quarter. Bank of America Corp DE now owns 1,777,169 shares of the financial services provider’s stock valued at $116,262,000 after buying an additional 88,384 shares in the last quarter. Institutional investors own 60.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on JEF. BMO Capital Markets dropped their price target on shares of Jefferies Financial Group from $68.00 to $42.00 and set a “market perform” rating on the stock in a research report on Monday, March 23rd. Zacks Research raised shares of Jefferies Financial Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. UBS Group lowered their price objective on shares of Jefferies Financial Group from $76.00 to $59.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. Oppenheimer cut their target price on shares of Jefferies Financial Group from $97.00 to $74.00 and set an “outperform” rating for the company in a research note on Friday, March 13th. Finally, Morgan Stanley cut Jefferies Financial Group from an “overweight” rating to an “equal weight” rating and set a $49.00 price target for the company. in a report on Monday, March 9th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $58.14.

Trending Headlines about Jefferies Financial Group

Here are the key news stories impacting Jefferies Financial Group this week:

• Positive Sentiment: Jefferies continues to be active on the research side, with recent bullish calls on names like Global-E Online and Realty Income, reinforcing its credibility as a market-moving Wall Street firm. Jefferies Reiterates Buy Rating on Global-E Online (GLBE)
• Positive Sentiment: Jefferies’ conference business remains active, with multiple companies highlighting presentations at its Global Healthcare Conference, supporting the value of its advisory and capital-markets platform. Vivani Medical Highlights Investor Presentation at Jefferies Conference
• Neutral Sentiment: Jefferies’ CEO said the firm is not involved in SpaceX shorting and is not among the banks handling the IPO, a headline that may reassure investors but does not materially change fundamentals. Jefferies CEO says firm is not in the SpaceX shorting business
• Negative Sentiment: Robbins Geller launched an investigation into Jefferies Financial Group over possible misleading statements or undisclosed information, creating a legal and reputational risk that could pressure the shares. JEF INVESTIGATION: Investigation Launched into Jefferies Financial Group Inc.

Jefferies Financial Group Price Performance

Jefferies Financial Group stock opened at $55.60 on Friday. The company has a market capitalization of $11.37 billion, a price-to-earnings ratio of 18.78 and a beta of 1.54. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.87. Jefferies Financial Group Inc. has a 12 month low of $35.53 and a 12 month high of $71.04. The stock’s 50 day moving average is $48.54 and its 200-day moving average is $52.95.

Jefferies Financial Group (NYSE:JEF) last released its quarterly earnings results on Wednesday, March 25th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.19). Jefferies Financial Group had a net margin of 6.61% and a return on equity of 7.83%. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter last year, the firm earned $0.57 earnings per share. The business’s revenue for the quarter was up 26.6% compared to the same quarter last year. Equities research analysts expect that Jefferies Financial Group Inc. will post 3.79 EPS for the current year.

Jefferies Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, May 18th. Jefferies Financial Group’s payout ratio is presently 54.05%.

About Jefferies Financial Group

Jefferies Financial Group Inc is a diversified financial services company that provides a range of investment banking, capital markets and asset management services to corporations, governments and institutional investors worldwide. Through its core platform, Jefferies offers advisory services for mergers and acquisitions, debt and equity underwriting, restructuring and recapitalization. The firm also operates a global sales and trading business covering equities, fixed income and foreign exchange products, complemented by equity research and macroeconomic analysis.

In addition to its capital markets franchise, Jefferies maintains a growing asset management division that delivers customized investment solutions across public and private markets.