998,413 Shares in Jefferies Financial Group Inc. $JEF Purchased by NewEdge Wealth LLC

NewEdge Wealth LLC purchased a new stake in Jefferies Financial Group Inc. (NYSE:JEF) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 998,413 shares of the financial services provider’s stock, valued at approximately $49,901,000. NewEdge Wealth LLC owned about 0.52% of Jefferies Financial Group as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Salomon & Ludwin LLC lifted its position in Jefferies Financial Group by 75.0% during the fourth quarter. Salomon & Ludwin LLC now owns 413 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 177 shares during the last quarter. Quadrant Capital Group LLC grew its position in shares of Jefferies Financial Group by 1.3% in the third quarter. Quadrant Capital Group LLC now owns 15,811 shares of the financial services provider’s stock valued at $1,034,000 after purchasing an additional 206 shares during the last quarter. Punch & Associates Investment Management Inc. grew its position in shares of Jefferies Financial Group by 4.2% in the third quarter. Punch & Associates Investment Management Inc. now owns 5,495 shares of the financial services provider’s stock valued at $359,000 after purchasing an additional 220 shares during the last quarter. Quent Capital LLC increased its stake in shares of Jefferies Financial Group by 3.9% during the fourth quarter. Quent Capital LLC now owns 5,994 shares of the financial services provider’s stock worth $371,000 after purchasing an additional 224 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in shares of Jefferies Financial Group by 50.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 672 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 224 shares during the period. 60.88% of the stock is owned by institutional investors.

Jefferies Financial Group News Roundup

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

• Positive Sentiment: Private-credit fundraising could support growth: Jefferies Credit Partners is reportedly seeking approximately $1.16 billion, or €1 billion, for a fund investing in private-credit secondary-market opportunities. The fund could expand Jefferies’ asset-management and credit-investment platform, although details on fundraising and economics remain limited. Jefferies Credit Partners Is Moving Its Own Loans Into a New Fund Jefferies aims to raise €1B for private credit secondaries fund
• Neutral Sentiment: Research activity involving other companies is unlikely to materially affect JEF directly: Jefferies maintained or changed recommendations on Bajaj Housing Finance, Swiggy, Jupiter Wagons, Belrise Industries and BSE. These reports may generate advisory or trading activity, but they do not represent changes to JEF’s own earnings outlook. Jefferies research on Bajaj Housing Finance Jefferies research on Swiggy
• Negative Sentiment: Shareholder investigation adds an overhang: Bragar Eagel & Squire announced an investigation into Jefferies Financial Group on behalf of investors who suffered losses. The announcement does not establish wrongdoing, but such notices can increase headline, legal and reputational risk. Bragar Eagel & Squire investigation into Jefferies Financial Group

Jefferies Financial Group Trading Down 0.8%

Shares of JEF stock opened at $53.43 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.99. The stock has a market cap of $10.35 billion, a P/E ratio of 14.92 and a beta of 1.54. The stock has a 50 day simple moving average of $55.68 and a 200 day simple moving average of $51.05. Jefferies Financial Group Inc. has a 1 year low of $35.53 and a 1 year high of $71.04.

Jefferies Financial Group (NYSE:JEF) last posted its quarterly earnings data on Wednesday, June 24th. The financial services provider reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.14). The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.30 billion. Jefferies Financial Group had a return on equity of 9.23% and a net margin of 7.58%.Jefferies Financial Group’s revenue was up 35.0% on a year-over-year basis. During the same quarter last year, the business earned $0.40 EPS. On average, research analysts predict that Jefferies Financial Group Inc. will post 3.71 earnings per share for the current fiscal year.

Jefferies Financial Group announced that its board has authorized a stock buyback program on Wednesday, June 24th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the financial services provider to buy up to 2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Jefferies Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, August 18th. Jefferies Financial Group’s dividend payout ratio is 44.69%.

Analysts Set New Price Targets

Several analysts recently issued reports on JEF shares. Weiss Ratings upgraded Jefferies Financial Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Loop Capital set a $60.00 price objective on Jefferies Financial Group in a research report on Monday, June 8th. BMO Capital Markets lifted their target price on Jefferies Financial Group from $42.00 to $60.00 and gave the stock a “market perform” rating in a report on Monday, June 8th. UBS Group reduced their target price on shares of Jefferies Financial Group from $67.00 to $65.00 and set a “neutral” rating for the company in a research report on Thursday, June 25th. Finally, Morgan Stanley upped their price target on shares of Jefferies Financial Group from $44.00 to $50.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 9th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $62.62.

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.