Fisher Asset Management LLC Has $48.06 Million Holdings in Jefferies Financial Group Inc. (NYSE:JEF)

Fisher Asset Management LLC raised its position in shares of Jefferies Financial Group Inc. (NYSE:JEF) by 95.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 780,877 shares of the financial services provider’s stock after acquiring an additional 381,893 shares during the period. Fisher Asset Management LLC’s holdings in Jefferies Financial Group were worth $48,063,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Bayesian Capital Management LP bought a new stake in Jefferies Financial Group during the 1st quarter worth approximately $294,000. Comerica Bank increased its stake in shares of Jefferies Financial Group by 11.0% in the first quarter. Comerica Bank now owns 90,034 shares of the financial services provider’s stock valued at $3,971,000 after buying an additional 8,907 shares in the last quarter. Algebris UK Ltd bought a new position in shares of Jefferies Financial Group in the first quarter valued at about $2,154,000. Virtu Financial LLC acquired a new position in Jefferies Financial Group during the 1st quarter worth about $404,000. Finally, PGGM Investments lifted its position in Jefferies Financial Group by 41.8% during the 1st quarter. PGGM Investments now owns 65,874 shares of the financial services provider’s stock worth $2,905,000 after buying an additional 19,430 shares in the last quarter. Institutional investors own 60.88% of the company’s stock.

Insiders Place Their Bets

In other news, Director Mitsui Financial Grou Sumitomo bought 9,247,081 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were bought at an average cost of $59.67 per share, for a total transaction of $551,773,323.27. Following the completion of the acquisition, the director now owns 9,247,081 shares in the company, valued at approximately $551,773,323.27. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Brian P. Friedman sold 393,397 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $72.17, for a total transaction of $28,391,461.49. Following the completion of the transaction, the president now directly owns 560,507 shares of the company’s stock, valued at $40,451,790.19. This trade represents a 41.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,286,923 shares of company stock worth $88,999,151. Insiders own 20.40% of the company’s stock.

Jefferies Financial Group Stock Down 0.1 %

Shares of NYSE:JEF opened at $79.44 on Wednesday. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market cap of $16.32 billion, a price-to-earnings ratio of 33.95 and a beta of 1.31. The company has a 50 day moving average of $66.65 and a 200-day moving average of $57.15. Jefferies Financial Group Inc. has a one year low of $34.34 and a one year high of $80.30.

Jefferies Financial Group (NYSE:JEF) last released 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 business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.71 billion. Jefferies Financial Group had a return on equity of 6.40% and a net margin of 9.27%. Jefferies Financial Group’s revenue was up 42.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 EPS. On average, sell-side analysts forecast that Jefferies Financial Group Inc. will post 3.13 earnings per share for the current year.

Jefferies Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Monday, November 18th. Jefferies Financial Group’s payout ratio is 59.83%.

Analyst Ratings Changes

JEF has been the subject of several research reports. Morgan Stanley raised their price objective 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. Oppenheimer boosted their price objective on shares of Jefferies Financial Group from $73.00 to $83.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Finally, UBS Group began coverage on Jefferies Financial Group in a research report on Tuesday, September 17th. They issued a “buy” rating and a $67.00 price objective on the stock.

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.