Shares of Jefferies Financial Group Inc. (NYSE:JEF – Get Free Report) have received a consensus rating of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $62.6250.
A number of research analysts recently commented on the company. UBS Group reduced their target price on Jefferies Financial Group from $67.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, June 25th. Weiss Ratings lowered Jefferies Financial Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 29th. The Goldman Sachs Group reiterated a “buy” rating on shares of Jefferies Financial Group in a report on Friday, June 5th. BMO Capital Markets raised their price objective on Jefferies Financial Group from $42.00 to $60.00 and gave the company a “market perform” rating in a report on Monday, June 8th. Finally, Morgan Stanley raised their price objective on Jefferies Financial Group from $44.00 to $50.00 and gave the company an “equal weight” rating in a report on Tuesday, June 9th.
Read Our Latest Research Report on Jefferies Financial Group
Jefferies Financial Group Stock Up 0.0%
Jefferies Financial Group (NYSE:JEF – Get Free Report) last posted its quarterly earnings data on Wednesday, June 24th. The financial services provider reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.14). Jefferies Financial Group had a net margin of 7.58% and a return on equity of 9.23%. The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter last year, the business posted $0.40 EPS. The business’s quarterly revenue was up 35.0% compared to the same quarter last year. Sell-side analysts predict that Jefferies Financial Group will post 3.71 EPS for the current fiscal year.
Jefferies Financial Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Tuesday, August 18th. Jefferies Financial Group’s dividend payout ratio (DPR) is presently 44.69%.
Jefferies Financial Group declared that its board has approved a stock repurchase program on Wednesday, June 24th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the financial services provider to purchase up to 2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
Institutional Investors Weigh In On Jefferies Financial Group
A number of institutional investors have recently made changes to their positions in the business. Bison Wealth LLC bought a new position in shares of Jefferies Financial Group during the 4th quarter valued at $224,000. Arrowstreet Capital Limited Partnership bought a new stake in Jefferies Financial Group in the second quarter worth $3,325,000. EverSource Wealth Advisors LLC lifted its stake in Jefferies Financial Group by 159.3% in the second quarter. EverSource Wealth Advisors LLC now owns 892 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 548 shares during the last quarter. Amundi boosted its position in Jefferies Financial Group by 8.6% during the second quarter. Amundi now owns 226,025 shares of the financial services provider’s stock valued at $12,798,000 after buying an additional 17,935 shares during the period. Finally, NewEdge Advisors LLC grew its stake in shares of Jefferies Financial Group by 11.8% during the second quarter. NewEdge Advisors LLC now owns 25,970 shares of the financial services provider’s stock valued at $1,420,000 after buying an additional 2,751 shares during the last quarter. Hedge funds and other institutional investors own 60.88% of the company’s stock.
About Jefferies Financial Group
Jefferies Financial Group Inc is a diversified financial services company that provides a range of investment banking, capital markets and asset management services to corporations, governments and institutional investors worldwide. Through its core platform, Jefferies offers advisory services for mergers and acquisitions, debt and equity underwriting, restructuring and recapitalization. The firm also operates a global sales and trading business covering equities, fixed income and foreign exchange products, complemented by equity research and macroeconomic analysis.
In addition to its capital markets franchise, Jefferies maintains a growing asset management division that delivers customized investment solutions across public and private markets.
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