Private Management Group Inc. purchased a new stake in Jefferies Financial Group Inc (NYSE:JEF) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 1,793,807 shares of the financial services provider’s stock, valued at approximately $40,791,000. Jefferies Financial Group comprises 2.0% of Private Management Group Inc.’s investment portfolio, making the stock its 11th largest position.

Other large investors have also recently made changes to their positions in the company. Victory Capital Management Inc. acquired a new stake in shares of Jefferies Financial Group in the 2nd quarter valued at approximately $108,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Jefferies Financial Group in the 2nd quarter valued at approximately $109,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Jefferies Financial Group in the 2nd quarter valued at approximately $112,000. Smithfield Trust Co. acquired a new stake in shares of Jefferies Financial Group in the 2nd quarter valued at approximately $114,000. Finally, Bessemer Group Inc. acquired a new stake in shares of Jefferies Financial Group in the 2nd quarter valued at approximately $118,000. Institutional investors and hedge funds own 74.17% of the company’s stock.

NYSE JEF opened at $23.15 on Tuesday. Jefferies Financial Group Inc has a 52-week low of $21.61 and a 52-week high of $28.30. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market cap of $7.79 billion, a P/E ratio of 14.03 and a beta of 1.16.

Jefferies Financial Group (NYSE:JEF) last posted its earnings results on Thursday, July 26th. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.15. Jefferies Financial Group had a return on equity of 4.52% and a net margin of 7.60%. The business had revenue of $911.15 million during the quarter, compared to analysts’ expectations of $789.70 million. During the same period in the prior year, the business earned $0.16 EPS. Jefferies Financial Group’s revenue for the quarter was up 6.3% compared to the same quarter last year. sell-side analysts expect that Jefferies Financial Group Inc will post 1.46 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Monday, September 17th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.16%. This is a boost from Jefferies Financial Group’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, September 14th. Jefferies Financial Group’s dividend payout ratio is presently 30.30%.

A number of analysts recently issued reports on JEF shares. Zacks Investment Research cut Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. ValuEngine cut Jefferies Financial Group from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Finally, Keefe, Bruyette & Woods started coverage on Jefferies Financial Group in a research note on Monday, August 20th. They set an “outperform” rating and a $29.00 target price for the company.

Jefferies Financial Group Company Profile

Jefferies Financial Group Inc, a financial services company, offers a range of products and services in investment banking, equities, fixed income, and wealth management in the Americas, Europe, and Asia. It engages in the debt capital market, equity capital market, merger and acquisition, private capital advisory, and restructuring and recapitalization businesses.

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

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