Gabelli Funds LLC Grows Stock Holdings in Jefferies Financial Group Inc (NYSE:JEF)

Gabelli Funds LLC increased its stake in shares of Jefferies Financial Group Inc (NYSE:JEF) by 2.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 168,810 shares of the financial services provider’s stock after purchasing an additional 3,710 shares during the period. Gabelli Funds LLC owned approximately 0.06% of Jefferies Financial Group worth $3,106,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC increased its holdings in Jefferies Financial Group by 0.7% during the second quarter. CIBC Private Wealth Group LLC now owns 69,881 shares of the financial services provider’s stock valued at $1,344,000 after buying an additional 469 shares during the last quarter. Buckingham Asset Management LLC increased its holdings in Jefferies Financial Group by 3.2% during the second quarter. Buckingham Asset Management LLC now owns 16,298 shares of the financial services provider’s stock valued at $313,000 after buying an additional 500 shares during the last quarter. Advisor Group Inc. increased its holdings in Jefferies Financial Group by 6.5% during the second quarter. Advisor Group Inc. now owns 8,425 shares of the financial services provider’s stock valued at $161,000 after buying an additional 513 shares during the last quarter. World Asset Management Inc increased its holdings in Jefferies Financial Group by 3.3% during the second quarter. World Asset Management Inc now owns 19,057 shares of the financial services provider’s stock valued at $366,000 after buying an additional 616 shares during the last quarter. Finally, Westpac Banking Corp increased its holdings in Jefferies Financial Group by 0.7% during the second quarter. Westpac Banking Corp now owns 99,097 shares of the financial services provider’s stock valued at $1,906,000 after buying an additional 700 shares during the last quarter. 71.15% of the stock is owned by hedge funds and other institutional investors.

JEF stock traded down $0.05 during midday trading on Friday, reaching $19.49. 724,265 shares of the company’s stock traded hands, compared to its average volume of 2,173,363. Jefferies Financial Group Inc has a 52-week low of $16.20 and a 52-week high of $22.32. The stock has a market cap of $5.89 billion, a P/E ratio of 24.06 and a beta of 1.45. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 1.01. The stock’s 50-day moving average is $18.68 and its 200 day moving average is $19.27.

Jefferies Financial Group (NYSE:JEF) last posted its quarterly earnings results on Thursday, September 26th. The financial services provider reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.19). The business had revenue of $857.00 million for the quarter, compared to analyst estimates of $1.02 billion. Jefferies Financial Group’s revenue for the quarter was down 25.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.06) EPS. As a group, research analysts expect that Jefferies Financial Group Inc will post 1.03 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be given a $0.125 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.57%. Jefferies Financial Group’s payout ratio is currently 64.20%.

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

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