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

AMG National Trust Bank trimmed its holdings in shares of Jefferies Financial Group Inc. (NYSE:JEF) by 23.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,114 shares of the financial services provider’s stock after selling 8,512 shares during the quarter. AMG National Trust Bank’s holdings in Jefferies Financial Group were worth $1,730,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling at Jefferies Financial Group

In other Jefferies Financial Group news, CEO Richard B. Handler sold 400,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 14,971,288 shares in the company, valued at approximately $1,081,825,270.88. This represents a 2.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mitsui Financial Grou Sumitomo purchased 9,247,081 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were acquired at an average price of $59.67 per share, for a total transaction of $551,773,323.27. Following the acquisition, the director now owns 9,247,081 shares of the company’s stock, valued at $551,773,323.27. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders sold 1,286,923 shares of company stock worth $88,999,151. 20.40% of the stock is currently owned by insiders.

Jefferies Financial Group Stock Down 0.5 %

JEF stock opened at $73.84 on Tuesday. The firm has a 50-day moving average price of $64.74 and a 200-day moving average price of $56.04. Jefferies Financial Group Inc. has a 12 month low of $34.34 and a 12 month high of $75.81. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.53. The stock has a market capitalization of $15.17 billion, a P/E ratio of 31.56 and a beta of 1.31.

Jefferies Financial Group (NYSE:JEF) last issued its quarterly earnings data on Wednesday, September 25th. The financial services provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.03). The company 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 for the quarter was up 42.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.32 EPS. As a group, equities research analysts anticipate that Jefferies Financial Group Inc. will post 3.13 EPS for the current fiscal year.

Jefferies Financial Group Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Morgan Stanley increased their price objective on shares of Jefferies Financial Group from $59.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Monday, September 23rd. Oppenheimer increased their price target 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. Finally, UBS Group assumed coverage on shares of Jefferies Financial Group in a research report on Tuesday, September 17th. They set a “buy” rating and a $67.00 price objective for the company.

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.