Shares of Jefferies Financial Group Inc. (NYSE:JEF – Get Free Report) have received an average rating of “Hold” from the seven research firms that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $56.86.
A number of brokerages recently issued reports on JEF. Capital One Financial set a $50.00 price objective on Jefferies Financial Group in a research 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. BMO Capital Markets lowered their target price on shares of Jefferies Financial Group from $57.00 to $50.00 and set a “market perform” rating for the company in a research note on Tuesday, September 29th. Morgan Stanley lowered their target price on shares of Jefferies Financial Group from $50.00 to $49.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 29th. Finally, The Goldman Sachs Group dropped their price target on shares of 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.
Institutional Trading of Jefferies Financial Group
Several institutional investors have recently added to or reduced their stakes in the stock. CX Institutional boosted its holdings in shares of Jefferies Financial Group by 77.6% in the second quarter. CX Institutional now owns 547 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 239 shares in the last quarter. Greenleaf Trust raised its holdings in Jefferies Financial Group by 5.3% during the second quarter. Greenleaf Trust now owns 6,347 shares of the financial services provider’s stock worth $317,000 after purchasing an additional 322 shares in the last quarter. KBC Group NV raised its holdings in Jefferies Financial Group by 0.4% during the first quarter. KBC Group NV now owns 95,294 shares of the financial services provider’s stock worth $3,933,000 after purchasing an additional 349 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Jefferies Financial Group by 4.4% in the third quarter. Farther Finance Advisors LLC now owns 8,671 shares of the financial services provider’s stock worth $397,000 after purchasing an additional 367 shares during the period. Finally, Waterfront Wealth Inc. boosted its stake in Jefferies Financial Group by 0.3% during the 1st quarter. Waterfront Wealth Inc. now owns 146,608 shares of the financial services provider’s stock valued at $6,051,000 after purchasing an additional 452 shares in the last quarter. Institutional investors and hedge funds own 60.88% of the company’s stock.
Jefferies Financial Group Stock Performance
Shares of Jefferies Financial Group stock opened at $43.58 on Tuesday. Jefferies Financial Group has a 52 week low of $35.53 and a 52 week high of $66.60. The business’s fifty day simple moving average is $49.77 and its 200-day simple moving average is $51.62. The firm has a market cap of $8.24 billion, a PE ratio of 11.94 and a beta of 1.57. 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 Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 16th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Monday, November 16th. Jefferies Financial Group’s dividend payout ratio is currently 43.84%.
Jefferies Financial Group declared that its board has authorized a share buyback program on Wednesday, June 24th that authorizes the company to repurchase $250.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase up to 2% of its stock through open market purchases. Share buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
Jefferies Financial Group News Roundup
Here are the key news stories impacting Jefferies Financial Group this week:
- Positive Sentiment: Jefferies presented its global platform as strengthening and emphasized opportunities for continued earnings growth, supporting the company’s longer-term investment case. Jefferies Showcases Strengthening Global Platform and Earnings Growth
- Neutral Sentiment: The investor-day presentation and transcript provide additional detail on Jefferies’ strategy, business lines and growth targets, but investors appear focused on execution and the timing of financial benefits. Jefferies Financial Group Analyst/Investor Day Transcript
- Neutral Sentiment: Jefferies analysts remained constructive on several Indian banks, including Punjab National Bank, ICICI Bank, HDFC Bank and Axis Bank. These calls may demonstrate the strength of Jefferies’ research and investment-banking franchise, but they do not directly change JEF’s earnings outlook. PNB Shares and Jefferies Target Price Calls
- Negative Sentiment: The stock slid as management sought to reassure investors during the investor day, suggesting the event did not fully satisfy expectations regarding growth, profitability or execution. Jefferies Stock Slides as Management Seeks to Reassure at Investor Day
- Negative Sentiment: Wall Street Zen cut Jefferies’ rating to Hold, adding to the cautious tone around the shares and potentially limiting near-term buying interest. Jefferies Financial Group Stock Rating Cut to Hold
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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