Cinctive Capital Management LP Grows Stake in Jefferies Financial Group Inc. (NYSE:JEF)

Cinctive Capital Management LP increased its stake in shares of Jefferies Financial Group Inc. (NYSE:JEF) by 261.6% in the 3rd quarter, Holdings Channel reports. The firm owned 221,864 shares of the financial services provider’s stock after purchasing an additional 160,510 shares during the period. Cinctive Capital Management LP’s holdings in Jefferies Financial Group were worth $13,656,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FMR LLC increased its stake in Jefferies Financial Group by 782.5% during the 3rd quarter. FMR LLC now owns 3,286,958 shares of the financial services provider’s stock worth $202,312,000 after buying an additional 2,914,504 shares in the last quarter. Marshall Wace LLP increased its position in shares of Jefferies Financial Group by 365.9% during the second quarter. Marshall Wace LLP now owns 1,947,192 shares of the financial services provider’s stock worth $96,892,000 after purchasing an additional 1,529,218 shares in the last quarter. Artemis Investment Management LLP acquired a new position in Jefferies Financial Group in the 2nd quarter valued at $58,211,000. Allspring Global Investments Holdings LLC lifted its holdings in Jefferies Financial Group by 15.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,049,815 shares of the financial services provider’s stock valued at $350,799,000 after purchasing an additional 936,424 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Jefferies Financial Group during the 2nd quarter worth $21,148,000. 60.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on JEF shares. Morgan Stanley increased their target price on shares of Jefferies Financial Group from $59.00 to $64.00 and gave the company an “equal weight” rating in a research report on Monday, September 23rd. UBS Group assumed coverage on shares of Jefferies Financial Group in a report on Tuesday, September 17th. They issued a “buy” rating and a $67.00 price objective for the company. Finally, Oppenheimer boosted their target price on Jefferies Financial Group from $73.00 to $83.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th.

Insider Buying and Selling at Jefferies Financial Group

In other Jefferies Financial Group news, CEO Richard B. Handler sold 400,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $72.26, for a total transaction of $28,904,000.00. Following the transaction, the chief executive officer now directly owns 14,971,288 shares in the company, valued at $1,081,825,270.88. This represents a 2.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Brian P. Friedman sold 393,397 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $72.17, for a total value of $28,391,461.49. Following the transaction, the president now owns 560,507 shares of the company’s stock, valued at approximately $40,451,790.19. This represents a 41.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,286,923 shares of company stock valued at $88,999,151 over the last 90 days. 20.40% of the stock is owned by insiders.

Jefferies Financial Group Trading Up 0.3 %

Shares of JEF stock opened at $79.14 on Monday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.53. The company’s 50-day moving average price is $68.06 and its 200-day moving average price is $57.99. Jefferies Financial Group Inc. has a twelve month low of $35.05 and a twelve month high of $80.53. The stock has a market cap of $16.26 billion, a price-to-earnings ratio of 33.82 and a beta of 1.31.

Jefferies Financial Group (NYSE:JEF) last announced its quarterly earnings results on Wednesday, September 25th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). Jefferies Financial Group had a return on equity of 6.40% and a net margin of 9.27%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the business earned $0.32 EPS. The firm’s quarterly revenue was up 42.4% on a year-over-year basis. As a group, equities analysts predict that Jefferies Financial Group Inc. will post 3.13 earnings per share for the current year.

Jefferies Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Monday, November 18th. Jefferies Financial Group’s dividend payout ratio (DPR) is presently 59.83%.

Jefferies Financial Group 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.