Jefferies Financial Group Inc. (NYSE:JEF – Get Free Report) shares crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $47.89 and traded as low as $47.08. Jefferies Financial Group shares last traded at $47.3710, with a volume of 1,200,480 shares trading hands.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on JEF shares. UBS Group dropped their price target on Jefferies Financial Group from $65.00 to $61.00 and set a “neutral” rating on the stock in a research note on Friday, September 11th. Capital One Financial set a $50.00 price target on Jefferies Financial Group in a report on Tuesday, September 29th. Oppenheimer cut their price objective on shares of Jefferies Financial Group from $76.00 to $71.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 29th. The Goldman Sachs Group reduced their price objective on Jefferies Financial Group from $67.00 to $57.00 and set a “buy” rating for the company in a research report on Tuesday, September 29th. Finally, Weiss Ratings lowered shares of Jefferies Financial Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, August 27th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Jefferies Financial Group presently has an average rating of “Hold” and a consensus target price of $56.86.
View Our Latest Analysis on JEF
Jefferies Financial Group Stock Down 2.5%
The stock has a market capitalization of $8.96 billion, a P/E ratio of 12.98 and a beta of 1.54. The company has a fifty day moving average price of $47.89 and a 200-day moving average price of $50.66. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.09.
Jefferies Financial Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 16th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.60 annualized dividend and a yield of 3.4%. Jefferies Financial Group’s payout ratio is 43.84%.
Institutional Investors Weigh In On Jefferies Financial Group
A number of large investors have recently made changes to their positions in the company. William Blair Investment Management LLC raised its holdings in shares of Jefferies Financial Group by 4.9% in the third quarter. William Blair Investment Management LLC now owns 9,311 shares of the financial services provider’s stock valued at $426,000 after buying an additional 438 shares during the last quarter. Russell Investments Group Ltd. raised its position in Jefferies Financial Group by 138.5% in the third quarter. Russell Investments Group Ltd. now owns 536,789 shares of the financial services provider’s stock worth $24,547,000 after acquiring an additional 311,704 shares during the period. R Squared Ltd purchased a new position in Jefferies Financial Group in the third quarter worth $334,000. Ritholtz Wealth Management increased its stake in shares of Jefferies Financial Group by 27.7% during the third quarter. Ritholtz Wealth Management now owns 6,951 shares of the financial services provider’s stock valued at $318,000 after buying an additional 1,507 shares during the period. Finally, Joel Isaacson & Co. LLC grew its position in Jefferies Financial Group by 3.4% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 20,600 shares of the financial services provider’s stock valued at $942,000 after purchasing an additional 685 shares during the last quarter. Institutional investors and hedge funds own 60.88% of the company’s stock.
Jefferies Financial Group Company Profile
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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