Lafayette Investments Inc. Sells 19,122 Shares of Jefferies Financial Group Inc (JEF)

Lafayette Investments Inc. cut its stake in shares of Jefferies Financial Group Inc (NYSE:JEF) by 5.2% in the 4th quarter, Holdings Channel reports. The firm owned 348,044 shares of the financial services provider’s stock after selling 19,122 shares during the quarter. Jefferies Financial Group comprises approximately 2.4% of Lafayette Investments Inc.’s holdings, making the stock its 13th biggest position. Lafayette Investments Inc.’s holdings in Jefferies Financial Group were worth $6,042,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. FMR LLC purchased a new stake in Jefferies Financial Group in the 2nd quarter worth approximately $1,280,000. Bank of New York Mellon Corp purchased a new stake in Jefferies Financial Group in the 2nd quarter worth approximately $260,247,000. State of Alaska Department of Revenue increased its holdings in Jefferies Financial Group by 10.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 63,623 shares of the financial services provider’s stock worth $1,396,000 after acquiring an additional 6,230 shares in the last quarter. Manning & Napier Group LLC purchased a new stake in Jefferies Financial Group in the 3rd quarter worth approximately $315,000. Finally, DNB Asset Management AS increased its holdings in Jefferies Financial Group by 7.1% in the 3rd quarter. DNB Asset Management AS now owns 42,140 shares of the financial services provider’s stock worth $925,000 after acquiring an additional 2,800 shares in the last quarter. 77.68% of the stock is owned by institutional investors.

Several equities research analysts recently issued reports on the stock. Oppenheimer reduced their target price on shares of Jefferies Financial Group from $32.00 to $30.00 in a report on Friday, January 11th. Zacks Investment Research raised shares of Jefferies Financial Group from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Friday, January 4th.

Jefferies Financial Group stock traded up $0.39 during midday trading on Tuesday, hitting $20.46. The stock had a trading volume of 6,767 shares, compared to its average volume of 2,384,522. The firm has a market capitalization of $6.41 billion, a price-to-earnings ratio of 12.16 and a beta of 1.35. Jefferies Financial Group Inc has a 52-week low of $16.20 and a 52-week high of $25.45. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.94.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 28th. Investors of record on Friday, February 15th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Thursday, February 14th. Jefferies Financial Group’s dividend payout ratio is 30.30%.

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Jefferies Financial Group Profile

Jefferies Financial Group Inc, a financial services company, engages in investment banking and capital markets, asset management, and direct investing businesses in the Americas, Europe, and Asia. the company also offers equities research, sales, and trading services; equity finance services comprising financing, securities lending, and other prime brokerage services; and wealth management services to high net worth individuals, their families and businesses, private equity and venture funds, and small institutions.

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Want to see what other hedge funds are holding JEF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jefferies Financial Group Inc (NYSE:JEF).

Institutional Ownership by Quarter for Jefferies Financial Group (NYSE:JEF)

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