Jefferies Financial Group Inc. (NYSE:JEF) Shares Sold by AlphaCore Capital LLC

AlphaCore Capital LLC lessened its stake in Jefferies Financial Group Inc. (NYSE:JEF) by 0.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,382 shares of the financial services provider’s stock after selling 190 shares during the quarter. AlphaCore Capital LLC’s holdings in Jefferies Financial Group were worth $2,486,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Rothschild Investment LLC acquired a new position in shares of Jefferies Financial Group during the second quarter worth about $25,000. Massmutual Trust Co. FSB ADV grew its position in Jefferies Financial Group by 75.7% in the second quarter. Massmutual Trust Co. FSB ADV now owns 520 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 224 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Jefferies Financial Group by 1,993.8% during the second quarter. Versant Capital Management Inc now owns 670 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 638 shares during the period. Eastern Bank acquired a new position in shares of Jefferies Financial Group during the third quarter worth $42,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Jefferies Financial Group in the second quarter valued at $48,000. 60.88% of the stock is currently owned by institutional investors and hedge funds.

Jefferies Financial Group Trading Up 2.5 %

NYSE:JEF opened at $76.77 on Friday. The company has a market cap of $15.78 billion, a PE ratio of 32.81 and a beta of 1.31. The business’s 50 day moving average is $65.86 and its two-hundred day moving average is $56.53. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.53. Jefferies Financial Group Inc. has a 52 week low of $34.34 and a 52 week high of $77.53.

Jefferies Financial Group (NYSE:JEF) last issued its earnings results on Wednesday, September 25th. The financial services provider reported $0.75 earnings per share 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 business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the company posted $0.32 earnings per share. The firm’s revenue for the quarter was up 42.4% on a year-over-year basis. On average, analysts predict that Jefferies Financial Group Inc. will post 3.13 EPS for the current year.

Jefferies Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 18th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Monday, November 18th. Jefferies Financial Group’s dividend payout ratio (DPR) is 59.83%.

Wall Street Analyst Weigh In

JEF has been the subject of a number of analyst reports. UBS Group initiated coverage on shares of Jefferies Financial Group in a research report on Tuesday, September 17th. They issued a “buy” rating and a $67.00 price objective for the company. Morgan Stanley increased their target price on Jefferies Financial Group from $59.00 to $64.00 and gave the company an “equal weight” rating in a research note on Monday, September 23rd. Finally, Oppenheimer lifted their price target on shares of Jefferies Financial Group from $73.00 to $83.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th.

Insider Buying and Selling at Jefferies Financial Group

In related news, CEO Richard B. Handler sold 400,000 shares of Jefferies Financial Group stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $72.26, for a total transaction of $28,904,000.00. Following the sale, the chief executive officer now directly owns 14,971,288 shares in the company, valued at $1,081,825,270.88. The trade was a 2.60 % 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. Also, President Brian P. Friedman sold 393,397 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $72.17, for a total value of $28,391,461.49. Following the transaction, the president now directly owns 560,507 shares of the company’s stock, valued at approximately $40,451,790.19. The trade was a 41.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,286,923 shares of company stock worth $88,999,151. 20.40% of the stock is owned by insiders.

About Jefferies Financial Group

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.