AMG National Trust Bank Sells 8,512 Shares of Jefferies Financial Group Inc. (NYSE:JEF)

AMG National Trust Bank lessened its position in shares of Jefferies Financial Group Inc. (NYSE:JEF) by 23.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,114 shares of the financial services provider’s stock after selling 8,512 shares during the period. AMG National Trust Bank’s holdings in Jefferies Financial Group were worth $1,730,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of JEF. Kingsview Wealth Management LLC grew its holdings in Jefferies Financial Group by 16.7% during the 1st quarter. Kingsview Wealth Management LLC now owns 6,279 shares of the financial services provider’s stock worth $277,000 after acquiring an additional 897 shares during the period. Seven Eight Capital LP boosted its position in shares of Jefferies Financial Group by 199.1% during the 1st quarter. Seven Eight Capital LP now owns 27,541 shares of the financial services provider’s stock valued at $1,215,000 after purchasing an additional 18,332 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its stake in Jefferies Financial Group by 3.0% during the first quarter. CANADA LIFE ASSURANCE Co now owns 150,582 shares of the financial services provider’s stock worth $6,638,000 after purchasing an additional 4,336 shares during the period. Elkhorn Partners Limited Partnership bought a new stake in Jefferies Financial Group in the first quarter worth approximately $1,446,000. Finally, Caxton Associates LP acquired a new position in Jefferies Financial Group in the first quarter valued at approximately $1,779,000. Institutional investors and hedge funds own 60.88% of the company’s stock.

Jefferies Financial Group Stock Performance

Shares of JEF stock opened at $73.84 on Tuesday. Jefferies Financial Group Inc. has a 12 month low of $34.34 and a 12 month high of $75.81. The firm has a market capitalization of $15.17 billion, a PE ratio of 31.56 and a beta of 1.31. The firm has a fifty day simple moving average of $64.74 and a two-hundred day simple moving average of $56.04. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.53.

Jefferies Financial Group (NYSE:JEF) last announced its quarterly earnings results on Wednesday, September 25th. The financial services provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.03). The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.71 billion. Jefferies Financial Group had a net margin of 9.27% and a return on equity of 6.40%. Jefferies Financial Group’s revenue was up 42.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 EPS. Analysts forecast that Jefferies Financial Group Inc. will post 3.13 EPS for the current fiscal year.

Jefferies Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 18th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Monday, November 18th. Jefferies Financial Group’s payout ratio is currently 59.83%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Morgan Stanley lifted their price objective on shares of Jefferies Financial Group from $59.00 to $64.00 and gave the company an “equal weight” rating in a research note on Monday, September 23rd. UBS Group began coverage on shares of Jefferies Financial Group in a research note on Tuesday, September 17th. They issued a “buy” rating and a $67.00 price target for the company. Finally, Oppenheimer increased their price objective on shares of Jefferies Financial Group from $73.00 to $83.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th.

Insider Buying and Selling at Jefferies Financial Group

In other Jefferies Financial Group news, CEO Richard B. Handler sold 400,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $72.26, for a total value of $28,904,000.00. Following the completion of the sale, the chief executive officer now owns 14,971,288 shares in the company, valued at approximately $1,081,825,270.88. This trade represents a 2.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mitsui Financial Grou Sumitomo bought 9,247,081 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was acquired at an average price of $59.67 per share, for a total transaction of $551,773,323.27. Following the purchase, the director now directly owns 9,247,081 shares in the company, valued at approximately $551,773,323.27. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have sold 1,286,923 shares of company stock worth $88,999,151. Corporate insiders own 20.40% of the company’s stock.

Jefferies Financial Group Company Profile

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.