Wedge Capital Management L L P NC Sells 10,978 Shares of Jefferies Financial Group Inc (NYSE:JEF)

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Wedge Capital Management L L P NC decreased its position in shares of Jefferies Financial Group Inc (NYSE:JEF) by 43.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 14,011 shares of the financial services provider’s stock after selling 10,978 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Jefferies Financial Group were worth $258,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. ACR Alpine Capital Research LLC grew its position in shares of Jefferies Financial Group by 3.8% during the 3rd quarter. ACR Alpine Capital Research LLC now owns 221,946 shares of the financial services provider’s stock worth $4,083,000 after buying an additional 8,195 shares in the last quarter. Texas Permanent School Fund grew its position in shares of Jefferies Financial Group by 87.1% during the 3rd quarter. Texas Permanent School Fund now owns 91,436 shares of the financial services provider’s stock worth $1,682,000 after buying an additional 42,572 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in shares of Jefferies Financial Group by 1.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 195,374 shares of the financial services provider’s stock worth $3,595,000 after buying an additional 2,563 shares in the last quarter. Comerica Bank grew its position in shares of Jefferies Financial Group by 181.5% during the 3rd quarter. Comerica Bank now owns 146,951 shares of the financial services provider’s stock worth $2,776,000 after buying an additional 94,739 shares in the last quarter. Finally, California Public Employees Retirement System grew its position in shares of Jefferies Financial Group by 7.5% during the 3rd quarter. California Public Employees Retirement System now owns 545,606 shares of the financial services provider’s stock worth $10,039,000 after buying an additional 38,170 shares in the last quarter. 71.15% of the stock is currently owned by institutional investors and hedge funds.

Shares of JEF traded down $0.05 during midday trading on Friday, reaching $19.49. 724,265 shares of the stock were exchanged, compared to its average volume of 2,173,363. Jefferies Financial Group Inc has a 52 week low of $16.20 and a 52 week high of $22.32. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 1.01. The company’s 50 day moving average is $18.68 and its two-hundred day moving average is $19.27. The company has a market capitalization of $5.89 billion, a P/E ratio of 24.06 and a beta of 1.45.

Jefferies Financial Group (NYSE:JEF) last posted its quarterly earnings results on Thursday, September 26th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.19). The firm had revenue of $857.00 million during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the firm earned ($0.06) earnings per share. The company’s quarterly revenue was down 25.5% on a year-over-year basis. On average, sell-side analysts expect that Jefferies Financial Group Inc will post 1.03 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Friday, November 15th. Jefferies Financial Group’s payout ratio is 64.20%.

Jefferies Financial Group Company Profile

Jefferies Financial Group Inc, a financial services company, engages in investment banking and capital markets, asset management, and direct investing businesses in the Americas, Europe, and Asia. the company also offers equities research, sales, and trading services; equity finance services comprising financing, securities lending, and other prime brokerage services; and wealth management services to high net worth individuals, their families and businesses, private equity and venture funds, and small institutions.

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

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