Sat Sep 28 13:36:42 UTC 2024: ## Thrivent Financial Boosts Jefferies Financial Group Stake Amidst Positive Analyst Sentiment

**New York, NY** – Thrivent Financial for Lutherans significantly increased its holdings in Jefferies Financial Group Inc. (NYSE: JEF) during the second quarter, according to HoldingsChannel. The fund now owns 106,147 shares, representing a 149.8% increase from the previous quarter, valuing its holdings at $5,282,000.

This move follows a trend of increased institutional investor interest in Jefferies Financial Group. Several other notable hedge funds and institutional investors, including Rothschild Investment LLC, Massmutual Trust Co. FSB ADV, Versant Capital Management Inc., Ashton Thomas Private Wealth LLC, and Daiwa Securities Group Inc., also purchased new positions or increased their stakes in the company during the second quarter.

Analysts remain optimistic about Jefferies Financial Group’s performance, with several recent upgrades and positive price target adjustments. Morgan Stanley lifted its price objective from $59.00 to $64.00, while Oppenheimer raised its target from $64.00 to $66.00. UBS Group initiated coverage on the stock with a “buy” rating and a $67.00 price objective.

Jefferies Financial Group reported earnings for the third quarter on September 25th, missing analysts’ estimates by $0.03. However, the company’s revenue surged 42.4% year-over-year, indicating continued growth. The firm also declared a quarterly dividend of $0.35 per share, payable on November 27th.

In a separate transaction, Director Mitsui Financial Grou Sumitomo purchased 9,247,081 shares of Jefferies Financial Group stock for a total of $551,773,323.27, signifying strong confidence in the company’s future prospects.

With a market capitalization of $12.55 billion and a strong track record of growth, Jefferies Financial Group continues to attract investors and analysts alike. The company’s investment banking and capital markets expertise, coupled with positive market sentiment and recent strategic moves, suggest a promising future for the financial services provider.

Read More