Deutsche Bank AG Cuts Stock Holdings in Jefferies Financial Group Inc. (NYSE:JEF)

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Deutsche Bank AG trimmed its position in shares of Jefferies Financial Group Inc. (NYSE:JEF) by 8.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 235,891 shares of the financial services provider’s stock after selling 21,660 shares during the period. Deutsche Bank AG’s holdings in Jefferies Financial Group were worth $8,759,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Symmetry Partners LLC increased its holdings in shares of Jefferies Financial Group by 26.8% during the 3rd quarter. Symmetry Partners LLC now owns 53,137 shares of the financial services provider’s stock valued at $2,035,000 after purchasing an additional 11,236 shares in the last quarter. Pinnacle Associates Ltd. purchased a new stake in Jefferies Financial Group in the 3rd quarter worth $1,447,000. Rafferty Asset Management LLC increased its holdings in Jefferies Financial Group by 10.9% in the 2nd quarter. Rafferty Asset Management LLC now owns 123,899 shares of the financial services provider’s stock worth $4,237,000 after acquiring an additional 12,181 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in Jefferies Financial Group by 3.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 145,363 shares of the financial services provider’s stock worth $4,971,000 after acquiring an additional 5,263 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in Jefferies Financial Group by 98.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,197,673 shares of the financial services provider’s stock worth $40,050,000 after acquiring an additional 593,758 shares in the last quarter. 68.94% of the stock is owned by hedge funds and other institutional investors.

In related news, President Brian P. Friedman sold 293,561 shares of the stock in a transaction on Friday, November 5th. The stock was sold at an average price of $43.82, for a total transaction of $12,863,843.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 17.10% of the stock is owned by company insiders.

JEF stock opened at $41.43 on Wednesday. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.00. The business has a 50 day simple moving average of $39.78 and a 200-day simple moving average of $37.67. Jefferies Financial Group Inc. has a twelve month low of $22.87 and a twelve month high of $44.47. The company has a market capitalization of $10.17 billion, a P/E ratio of 6.86 and a beta of 1.46.

JEF has been the subject of a number of research reports. Zacks Investment Research raised shares of Jefferies Financial Group from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a report on Thursday, December 23rd. The Goldman Sachs Group started coverage on shares of Jefferies Financial Group in a research report on Monday, September 20th. They issued a “buy” rating and a $45.00 target price on the stock. Oppenheimer increased their price target on shares of Jefferies Financial Group from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Friday, October 1st. Morgan Stanley began coverage on shares of Jefferies Financial Group in a research note on Thursday, December 16th. They set an “equal weight” rating and a $40.00 target price on the stock. Finally, Keefe, Bruyette & Woods lowered shares of Jefferies Financial Group from an “outperform” rating to a “market perform” rating and set a $46.00 price target on the stock. in a research note on Tuesday, November 16th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $42.80.

Jefferies Financial Group Company Profile

Jefferies Financial Group, Inc is a holding company, which engages in the provision of financial services. It operates through the following segments: Investment Banking, Capital Markets, and Asset Management; Merchant Banking; and Corporate segments. The Investment Banking, Capital Markets, and Asset Management segment consists of investments in Jefferies Group.

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