Tower Research Capital LLC TRC Purchases New Position in Jefferies Financial Group Inc (JEF)

Tower Research Capital LLC TRC purchased a new position in shares of Jefferies Financial Group Inc (NYSE:JEF) during the second quarter, HoldingsChannel reports. The institutional investor purchased 19,495 shares of the financial services provider’s stock, valued at approximately $444,000.

Other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. purchased a new position in shares of Jefferies Financial Group during the 2nd quarter worth $106,000. Victory Capital Management Inc. purchased a new position in shares of Jefferies Financial Group during the 2nd quarter worth $108,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Jefferies Financial Group during the 2nd quarter worth $109,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Jefferies Financial Group during the 2nd quarter worth $112,000. Finally, Smithfield Trust Co. purchased a new position in shares of Jefferies Financial Group during the 2nd quarter worth $114,000. 74.16% of the stock is currently owned by institutional investors.

JEF has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. Keefe, Bruyette & Woods initiated coverage on Jefferies Financial Group in a research note on Monday, August 20th. They set an “outperform” rating and a $29.00 price target on the stock. Finally, ValuEngine raised Jefferies Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 25th.

JEF stock opened at $22.69 on Wednesday. The firm has a market cap of $7.73 billion, a PE ratio of 13.75 and a beta of 1.16. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.59 and a quick ratio of 0.59. Jefferies Financial Group Inc has a 52 week low of $21.61 and a 52 week high of $28.30.

Jefferies Financial Group (NYSE:JEF) last released its quarterly earnings data on Thursday, July 26th. The financial services provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.15. The business had revenue of $911.15 million during the quarter, compared to the consensus estimate of $789.70 million. Jefferies Financial Group had a return on equity of 4.52% and a net margin of 7.60%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 EPS. analysts forecast that Jefferies Financial Group Inc will post 1.46 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Monday, September 17th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.20%. This is an increase from Jefferies Financial Group’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, September 14th. Jefferies Financial Group’s dividend payout ratio is presently 30.30%.

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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