Checchi Capital Advisers LLC Has $399,000 Stock Position in Jefferies Financial Group Inc. (NYSE:JEF)

Checchi Capital Advisers LLC lessened its stake in Jefferies Financial Group Inc. (NYSE:JEF) by 24.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,089 shares of the financial services provider’s stock after selling 1,617 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Jefferies Financial Group were worth $399,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of JEF. Hemington Wealth Management increased its holdings in shares of Jefferies Financial Group by 71.8% in the fourth quarter. Hemington Wealth Management now owns 335 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 140 shares in the last quarter. V Square Quantitative Management LLC bought a new position in Jefferies Financial Group in the 4th quarter valued at $27,000. Stephens Consulting LLC bought a new position in Jefferies Financial Group in the 4th quarter valued at $29,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Jefferies Financial Group in the 3rd quarter valued at $32,000. Finally, GAMMA Investing LLC raised its position in shares of Jefferies Financial Group by 158.3% during the fourth quarter. GAMMA Investing LLC now owns 514 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 315 shares during the last quarter. 60.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Oppenheimer decreased their price target on Jefferies Financial Group from $82.00 to $81.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Morgan Stanley raised shares of Jefferies Financial Group from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $67.00 to $97.00 in a research note on Monday, December 9th.

Jefferies Financial Group Stock Performance

JEF stock opened at $64.89 on Friday. Jefferies Financial Group Inc. has a twelve month low of $40.72 and a twelve month high of $82.68. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.57. The company has a market cap of $13.38 billion, a P/E ratio of 21.78 and a beta of 1.34. The business’s fifty day moving average is $74.56 and its 200-day moving average is $69.29.

Jefferies Financial Group (NYSE:JEF) last released its quarterly earnings data on Wednesday, January 8th. The financial services provider reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.06). Jefferies Financial Group had a net margin of 10.57% and a return on equity of 7.92%. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the company posted $0.30 EPS. The company’s revenue for the quarter was up 63.4% compared to the same quarter last year. Equities research analysts forecast that Jefferies Financial Group Inc. will post 4.41 EPS for the current year.

Jefferies Financial Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Friday, February 14th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.47%. This is an increase from Jefferies Financial Group’s previous quarterly dividend of $0.35. The ex-dividend date was Friday, February 14th. Jefferies Financial Group’s dividend payout ratio (DPR) is currently 53.69%.

About Jefferies Financial Group

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.