3,391 Shares in Jefferies Financial Group Inc. (NYSE:JEF) Purchased by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC acquired a new position in shares of Jefferies Financial Group Inc. (NYSE:JEF) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,391 shares of the financial services provider’s stock, valued at approximately $219,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rothschild Investment LLC acquired a new stake in Jefferies Financial Group during the second quarter worth about $25,000. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Jefferies Financial Group by 75.7% during 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 during the period. Versant Capital Management Inc grew its position 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 worth $33,000 after acquiring an additional 638 shares during the last quarter. Eastern Bank acquired a new stake in shares of Jefferies Financial Group in the 3rd quarter worth about $42,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Jefferies Financial Group in the 2nd quarter valued at about $48,000. Institutional investors and hedge funds own 60.88% of the company’s stock.

Insider Activity at Jefferies Financial Group

In other Jefferies Financial Group news, Director Robert D. Beyer sold 46,200 shares of Jefferies Financial Group stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $64.07, for a total value of $2,960,034.00. Following the transaction, the director now owns 100,375 shares in the company, valued at approximately $6,431,026.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Mitsui Financial Grou Sumitomo bought 9,247,081 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was 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 directly owns 9,247,081 shares in the company, valued at $551,773,323.27. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert D. Beyer sold 46,200 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $64.07, for a total transaction of $2,960,034.00. Following the completion of the transaction, the director now directly owns 100,375 shares of the company’s stock, valued at $6,431,026.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 493,526 shares of company stock valued at $31,703,689 over the last ninety days. Insiders own 20.40% of the company’s stock.

Jefferies Financial Group Stock Performance

Shares of NYSE JEF opened at $64.26 on Friday. Jefferies Financial Group Inc. has a 1 year low of $32.75 and a 1 year high of $67.79. The firm has a market cap of $13.21 billion, a P/E ratio of 27.46 and a beta of 1.32. The stock has a fifty day moving average price of $61.79 and a two-hundred day moving average price of $53.69. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.03 and a current ratio of 1.03.

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

Jefferies Financial Group Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.18%. Jefferies Financial Group’s payout ratio is currently 59.83%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Oppenheimer upped their target price on shares of Jefferies Financial Group from $64.00 to $66.00 and gave the stock an “outperform” rating in a research report on Friday, September 13th. Morgan Stanley increased their price objective on Jefferies Financial Group from $59.00 to $64.00 and gave the stock an “equal weight” rating in a report on Monday, September 23rd. Finally, UBS Group initiated coverage on Jefferies Financial Group in a research note on Tuesday, September 17th. They set a “buy” rating and a $67.00 target price on the 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.