Jefferies Financial Group Inc. (NYSE:JEF – Get Free Report) has received an average rating of “Hold” from the seven brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $62.3750.
A number of research firms have issued reports on JEF. Morgan Stanley boosted their price target on Jefferies Financial Group from $44.00 to $50.00 and gave the company an “equal weight” rating in a research note on Tuesday. Zacks Research upgraded Jefferies Financial Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 9th. Weiss Ratings downgraded Jefferies Financial Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 18th. BMO Capital Markets boosted their price objective on Jefferies Financial Group from $42.00 to $60.00 and gave the company a “market perform” rating in a research note on Monday. Finally, UBS Group cut their price objective on Jefferies Financial Group from $76.00 to $59.00 and set a “buy” rating for the company in a research note on Thursday, March 12th.
Get Our Latest Stock Analysis on JEF
Jefferies Financial Group Trading Up 3.3%
Jefferies Financial Group (NYSE:JEF – Get Free Report) last released its quarterly earnings results on Wednesday, March 25th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.19). The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.02 billion. Jefferies Financial Group had a net margin of 6.61% and a return on equity of 7.83%. The company’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.57 earnings per share. Analysts predict that Jefferies Financial Group will post 3.86 EPS for the current year.
Jefferies Financial Group Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were paid a dividend of $0.40 per share. The ex-dividend date was Monday, May 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.6%. Jefferies Financial Group’s payout ratio is 54.05%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Salomon & Ludwin LLC grew its stake in shares of Jefferies Financial Group by 75.0% during the 4th quarter. Salomon & Ludwin LLC now owns 413 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 177 shares during the period. Smithfield Trust Co bought a new position in shares of Jefferies Financial Group during the 4th quarter valued at approximately $27,000. Elyxium Wealth LLC bought a new position in shares of Jefferies Financial Group during the 4th quarter valued at approximately $28,000. Nvwm LLC bought a new position in shares of Jefferies Financial Group during the 4th quarter valued at approximately $31,000. Finally, Ramirez Asset Management Inc. bought a new position in shares of Jefferies Financial Group during the 4th quarter valued at approximately $31,000. 60.88% of the stock is currently owned by institutional investors.
Jefferies Financial Group Company Profile
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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