Jefferies Financial Group Inc. (NYSE:JEF) Stock Has Average Price Target of $56.86 According to Analysts

Jefferies Financial Group Inc. (NYSE:JEF – Get Free Report) has received a consensus rating of “Hold” from the seven analysts that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $56.86.

A number of equities analysts have recently issued reports on the company. Capital One Financial set a $50.00 price objective on Jefferies Financial Group in a report on Tuesday, September 29th. The Goldman Sachs Group dropped their price objective on shares of Jefferies Financial Group from $67.00 to $57.00 and set a “buy” rating on the stock in a report on Tuesday, September 29th. Weiss Ratings cut shares of Jefferies Financial Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, August 27th. Wall Street Zen lowered Jefferies Financial Group from a “buy” rating to a “hold” rating in a report on Monday, October 19th. Finally, Oppenheimer decreased their price objective on shares of Jefferies Financial Group from $76.00 to $71.00 and set an “outperform” rating for the company in a report on Tuesday, September 29th.

Check Out Our Latest Stock Analysis on JEF

Jefferies Financial Group Price Performance

Shares of JEF opened at $47.37 on Friday. The company has a market capitalization of $8.96 billion, a price-to-earnings ratio of 12.98 and a beta of 1.54. The business has a 50-day moving average of $47.89 and a 200-day moving average of $50.66. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.02 and a quick ratio of 1.02. Jefferies Financial Group has a 1 year low of $35.53 and a 1 year high of $66.60.

Jefferies Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 16th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Monday, November 16th. Jefferies Financial Group’s dividend payout ratio is presently 43.84%.

Institutional Investors Weigh In On Jefferies Financial Group

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Jefferies Financial Group in the second quarter worth about $834,947,000. Dimensional Fund Advisors LP raised its holdings in shares of Jefferies Financial Group by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,666,097 shares of the financial services provider’s stock valued at $110,015,000 after purchasing an additional 58,585 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Jefferies Financial Group in the second quarter valued at about $127,242,000. Bamco Inc. NY acquired a new position in Jefferies Financial Group during the second quarter worth about $107,044,000. Finally, Freestone Grove Partners LP acquired a new position in Jefferies Financial Group in the second quarter valued at $79,537,000. Institutional investors own 60.88% of the company’s stock.

About Jefferies Financial Group

(Get Free Report)

Jefferies Financial Group Inc (NYSE:JEF) is a diversified financial services company that operates primarily through its investment banking and capital markets subsidiary, Jefferies LLC. The company provides advisory services for mergers and acquisitions, restructuring and other corporate transactions, along with equity and debt underwriting, securities sales and trading, research, and prime brokerage services.

Jefferies also manages and invests capital through asset management and merchant banking activities.

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Analyst Recommendations for Jefferies Financial Group (NYSE:JEF)

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