nVerses Capital LLC Has $874,000 Stock Position in Jefferies Financial Group Inc. (NYSE:JEF)

nVerses Capital LLC increased its stake in Jefferies Financial Group Inc. (NYSE:JEF) by 105.8% during the third quarter, Holdings Channel.com reports. The fund owned 14,200 shares of the financial services provider’s stock after buying an additional 7,300 shares during the period. nVerses Capital LLC’s holdings in Jefferies Financial Group were worth $874,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its holdings in Jefferies Financial Group by 88.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 6,113,391 shares of the financial services provider’s stock worth $269,601,000 after purchasing an additional 2,876,529 shares in the last quarter. Marshall Wace LLP grew its stake in Jefferies Financial Group by 365.9% in the 2nd quarter. Marshall Wace LLP now owns 1,947,192 shares of the financial services provider’s stock valued at $96,892,000 after purchasing an additional 1,529,218 shares during the period. Artemis Investment Management LLP bought a new position in Jefferies Financial Group in the 2nd quarter valued at $58,211,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Jefferies Financial Group during the 2nd quarter worth $21,148,000. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Jefferies Financial Group by 12.9% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,396,255 shares of the financial services provider’s stock worth $168,998,000 after acquiring an additional 389,385 shares during the period. 60.88% of the stock is owned by institutional investors and hedge funds.

Jefferies Financial Group Stock Performance

NYSE:JEF traded up $0.72 during mid-day trading on Thursday, hitting $67.35. 392,183 shares of the company traded hands, compared to its average volume of 1,227,919. The stock’s fifty day moving average price is $59.81 and its 200-day moving average price is $51.94. Jefferies Financial Group Inc. has a one year low of $31.38 and a one year high of $67.78. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The firm has a market cap of $13.84 billion, a price-to-earnings ratio of 36.81 and a beta of 1.32.

Jefferies Financial Group (NYSE:JEF) last posted its earnings results on Wednesday, September 25th. The financial services provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Jefferies Financial Group had a return on equity of 6.46% and a net margin of 9.27%. Jefferies Financial Group’s quarterly revenue was up 42.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.32 earnings per share. Research analysts anticipate that Jefferies Financial Group Inc. will post 3.13 earnings per share for the current fiscal year.

Jefferies Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a yield of 2.08%. Jefferies Financial Group’s dividend payout ratio (DPR) is presently 77.35%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on JEF shares. Morgan Stanley raised their price target on Jefferies Financial Group from $59.00 to $64.00 and gave the company an “equal weight” rating in a report on Monday, September 23rd. Oppenheimer lifted their price objective on Jefferies Financial Group from $64.00 to $66.00 and gave the stock an “outperform” rating in a research report on Friday, September 13th. UBS Group initiated coverage on Jefferies Financial Group in a research report on Tuesday, September 17th. They set a “buy” rating and a $67.00 price target on the stock. Finally, StockNews.com cut Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, June 21st.

Insider Buying and Selling at Jefferies Financial Group

In related news, President Brian P. Friedman sold 200,000 shares of the stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $63.09, for a total value of $12,618,000.00. Following the transaction, the president now owns 604,606 shares of the company’s stock, valued at $38,144,592.54. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Mitsui Financial Grou Sumitomo bought 9,247,081 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were acquired at an average price of $59.67 per share, with a total value of $551,773,323.27. Following the transaction, the director now owns 9,247,081 shares of the company’s stock, valued at $551,773,323.27. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Brian P. Friedman sold 200,000 shares of the stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $63.09, for a total value of $12,618,000.00. Following the sale, the president now directly owns 604,606 shares in the company, valued at $38,144,592.54. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 20.40% of the company’s stock.

Jefferies Financial Group Company Profile

Jefferies Financial Group Inc operates as an investment banking and capital markets firm in the Americas, Europe, the Middle East, and the Asia-Pacific. The company operates in two segments, Investment Banking and Capital Markets, and Asset Management. It provides investment banking, advisory services with respect to mergers or acquisitions, debt financing, restructurings or recapitalizations, and private capital advisory transactions; underwriting and placement services related to corporate debt, municipal bonds, mortgage-backed and asset-backed securities, equity and equity-linked securities, and loan syndication services; and corporate lending services.