Marshall Wace LLP Increases Stake in Jefferies Financial Group Inc (NYSE:JEF)

Marshall Wace LLP boosted its position in Jefferies Financial Group Inc (NYSE:JEF) by 1.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 277,491 shares of the financial services provider’s stock after purchasing an additional 4,336 shares during the quarter. Marshall Wace LLP owned about 0.09% of Jefferies Financial Group worth $5,214,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AdvisorNet Financial Inc acquired a new position in Jefferies Financial Group in the 4th quarter valued at $25,000. JOYN Advisors Inc. raised its stake in Jefferies Financial Group by 81.5% in the 4th quarter. JOYN Advisors Inc. now owns 1,628 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 731 shares during the last quarter. Motco acquired a new position in Jefferies Financial Group in the 1st quarter valued at $29,000. Oppenheimer Asset Management Inc. acquired a new position in Jefferies Financial Group in the 4th quarter valued at $31,000. Finally, CSat Investment Advisory L.P. raised its stake in Jefferies Financial Group by 111.4% in the 4th quarter. CSat Investment Advisory L.P. now owns 2,845 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 1,499 shares during the last quarter. 76.02% of the stock is owned by hedge funds and other institutional investors.

NYSE:JEF traded up $0.43 during trading hours on Friday, hitting $21.37. The company had a trading volume of 2,313,514 shares, compared to its average volume of 2,088,493. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.03. The business’s 50-day moving average price is $18.93. The firm has a market capitalization of $6.41 billion, a P/E ratio of 26.38 and a beta of 1.40. Jefferies Financial Group Inc has a 1 year low of $16.20 and a 1 year high of $25.07.

Jefferies Financial Group (NYSE:JEF) last issued its earnings results on Wednesday, July 3rd. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.17. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.01 billion. The business’s quarterly revenue was up 20.9% on a year-over-year basis. On average, equities analysts expect that Jefferies Financial Group Inc will post 1.34 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Monday, August 19th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.34%. The ex-dividend date is Friday, August 16th. Jefferies Financial Group’s payout ratio is currently 61.73%.

Several research analysts recently commented on the company. Zacks Investment Research downgraded Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Monday, April 1st. Keefe, Bruyette & Woods assumed coverage on Jefferies Financial Group in a research note on Thursday. They issued a “market perform” rating and a $23.00 price objective for the company. Finally, ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st.

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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Institutional Ownership by Quarter for Jefferies Financial Group (NYSE:JEF)

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