Tidal Investments LLC Has $1.58 Million Holdings in Jefferies Financial Group Inc. (NYSE:JEF)

Tidal Investments LLC raised its position in shares of Jefferies Financial Group Inc. (NYSE:JEF) by 392.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 20,168 shares of the financial services provider’s stock after purchasing an additional 16,070 shares during the quarter. Tidal Investments LLC’s holdings in Jefferies Financial Group were worth $1,581,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of Jefferies Financial Group in the 4th quarter valued at $724,971,000. Alliancebernstein L.P. increased its stake in shares of Jefferies Financial Group by 159.1% in the 4th quarter. Alliancebernstein L.P. now owns 5,988,746 shares of the financial services provider’s stock valued at $469,518,000 after acquiring an additional 3,677,233 shares in the last quarter. FMR LLC increased its stake in shares of Jefferies Financial Group by 63.7% in the 4th quarter. FMR LLC now owns 5,381,149 shares of the financial services provider’s stock valued at $421,882,000 after acquiring an additional 2,094,191 shares in the last quarter. Invesco Ltd. increased its stake in shares of Jefferies Financial Group by 27.1% in the 4th quarter. Invesco Ltd. now owns 5,293,767 shares of the financial services provider’s stock valued at $415,031,000 after acquiring an additional 1,127,335 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Jefferies Financial Group by 57.4% in the 4th quarter. JPMorgan Chase & Co. now owns 3,941,692 shares of the financial services provider’s stock valued at $309,029,000 after acquiring an additional 1,437,179 shares in the last quarter. Institutional investors and hedge funds own 60.88% of the company’s stock.

Jefferies Financial Group Stock Performance

NYSE JEF opened at $48.27 on Friday. The company has a fifty day simple moving average of $49.31 and a 200 day simple moving average of $64.89. Jefferies Financial Group Inc. has a 12-month low of $39.28 and a 12-month high of $82.68. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.57. The company has a market cap of $9.96 billion, a P/E ratio of 16.20 and a beta of 1.47.

Jefferies Financial Group (NYSE:JEF) last posted its quarterly earnings results on Wednesday, March 26th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.28). Jefferies Financial Group had a net margin of 10.57% and a return on equity of 7.92%. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same period in the previous year, the business posted $0.87 EPS. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. Sell-side analysts predict that Jefferies Financial Group Inc. will post 4.41 earnings per share for the current fiscal year.

Jefferies Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Monday, May 19th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.31%. The ex-dividend date is Monday, May 19th. Jefferies Financial Group’s payout ratio is currently 55.36%.

Analyst Ratings Changes

JEF has been the subject of several research analyst reports. Morgan Stanley lowered shares of Jefferies Financial Group from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $75.00 to $41.00 in a research note on Monday, April 7th. Oppenheimer lowered shares of Jefferies Financial Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. The Goldman Sachs Group lifted their price objective on shares of Jefferies Financial Group from $55.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. Finally, Wall Street Zen downgraded shares of Jefferies Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $62.75.

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.