MYDA Advisors LLC Grows Stock Position in Jefferies Financial Group Inc. (NYSE:JEF)

MYDA Advisors LLC boosted its position in Jefferies Financial Group Inc. (NYSE:JEFGet Rating) by 566.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 100,000 shares of the financial services provider’s stock after buying an additional 85,000 shares during the quarter. Jefferies Financial Group makes up about 1.0% of MYDA Advisors LLC’s holdings, making the stock its 25th largest position. MYDA Advisors LLC’s holdings in Jefferies Financial Group were worth $3,880,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in JEF. Moors & Cabot Inc. purchased a new position in shares of Jefferies Financial Group in the third quarter valued at $25,000. JCIC Asset Management Inc. purchased a new position in shares of Jefferies Financial Group in the fourth quarter valued at $25,000. First Horizon Advisors Inc. grew its position in shares of Jefferies Financial Group by 119.6% in the fourth quarter. First Horizon Advisors Inc. now owns 830 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 452 shares in the last quarter. Sageworth Trust Co of South Dakota purchased a new position in shares of Jefferies Financial Group in the fourth quarter valued at $44,000. Finally, Mark Sheptoff Financial Planning LLC purchased a new position in shares of Jefferies Financial Group in the third quarter valued at $52,000. 69.79% of the stock is owned by institutional investors and hedge funds.

In related news, Director Kane Michael T. O sold 6,000 shares of the business’s stock in a transaction dated Tuesday, April 19th. The stock was sold at an average price of $33.39, for a total transaction of $200,340.00. Following the transaction, the director now owns 97,138 shares in the company, valued at approximately $3,243,437.82. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas W. Jones purchased 10,000 shares of Jefferies Financial Group stock in a transaction that occurred on Wednesday, March 30th. The shares were acquired at an average price of $33.48 per share, for a total transaction of $334,800.00. The disclosure for this purchase can be found here. Insiders own 17.90% of the company’s stock.

Several brokerages have recently weighed in on JEF. Zacks Investment Research upgraded Jefferies Financial Group from a “hold” rating to a “strong-buy” rating and set a $37.00 price target for the company in a research report on Wednesday, May 11th. Morgan Stanley dropped their price objective on Jefferies Financial Group from $40.00 to $35.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 8th. Oppenheimer dropped their price objective on Jefferies Financial Group from $52.00 to $47.00 and set an “outperform” rating for the company in a research note on Friday, March 18th. Finally, StockNews.com initiated coverage on Jefferies Financial Group in a research note on Thursday, March 31st. They set a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Jefferies Financial Group currently has an average rating of “Buy” and an average target price of $42.00.

JEF stock traded up $1.17 during mid-day trading on Tuesday, hitting $31.76. 21,051 shares of the stock were exchanged, compared to its average volume of 1,528,939. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.87 and a quick ratio of 1.87. The business has a fifty day moving average price of $32.15 and a 200 day moving average price of $36.12. Jefferies Financial Group Inc. has a 12 month low of $28.99 and a 12 month high of $44.47. The stock has a market capitalization of $7.61 billion, a price-to-earnings ratio of 6.06 and a beta of 1.35.

Jefferies Financial Group (NYSE:JEFGet Rating) last issued its quarterly earnings results on Monday, March 28th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.32. Jefferies Financial Group had a return on equity of 14.13% and a net margin of 19.09%. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the company posted $2.14 earnings per share. The company’s revenue was down 30.4% compared to the same quarter last year. As a group, equities analysts forecast that Jefferies Financial Group Inc. will post 3.83 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Stockholders of record on Monday, May 16th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date is Friday, May 13th. Jefferies Financial Group’s dividend payout ratio (DPR) is presently 22.94%.

About Jefferies Financial Group (Get Rating)

Jefferies Financial Group Inc engages in the investment banking and capital markets, and asset management businesses in the Americas, Europe, the Middle East, Africa, and Asia. The company operates in Investment Banking and Capital Markets, Asset Management, Merchant Banking, and Corporate segments. It provides investment banking, advisory services with respect to mergers or acquisitions, restructurings or recapitalizations and private capital advisory transactions; equity and debt underwriting; and corporate lending.

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

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