Zacks: Jefferies Financial Group Inc (NYSE:JEF) Given $25.50 Consensus Price Target by Brokerages

Jefferies Financial Group Inc (NYSE:JEF) has earned an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.

Brokerages have set a 1-year consensus price objective of $25.50 for the company and are predicting that the company will post $0.32 EPS for the current quarter, according to Zacks. Zacks has also assigned Jefferies Financial Group an industry rank of 193 out of 255 based on the ratings given to its competitors.

In other news, Chairman Joseph S. Steinberg sold 522,810 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $21.03, for a total transaction of $10,994,694.30. Following the sale, the chairman now owns 2,632,979 shares in the company, valued at $55,371,548.37. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 10.00% of the company’s stock.

Several institutional investors have recently bought and sold shares of the business. Metropolitan Life Insurance Co NY lifted its position in Jefferies Financial Group by 82.1% during the third quarter. Metropolitan Life Insurance Co NY now owns 70,633 shares of the financial services provider’s stock valued at $1,300,000 after purchasing an additional 31,843 shares in the last quarter. Squarepoint Ops LLC lifted its stake in shares of Jefferies Financial Group by 137.0% during the 3rd quarter. Squarepoint Ops LLC now owns 264,214 shares of the financial services provider’s stock valued at $4,862,000 after buying an additional 152,729 shares in the last quarter. Bank of Hawaii boosted its holdings in Jefferies Financial Group by 2.3% in the 3rd quarter. Bank of Hawaii now owns 22,922 shares of the financial services provider’s stock worth $422,000 after buying an additional 516 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Jefferies Financial Group by 13.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 146,573 shares of the financial services provider’s stock worth $2,697,000 after buying an additional 16,990 shares during the period. Finally, Thor Advisors LLC purchased a new stake in Jefferies Financial Group in the 3rd quarter worth $34,000. 72.28% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE JEF traded down $0.24 during mid-day trading on Thursday, hitting $20.73. The company had a trading volume of 772,516 shares, compared to its average volume of 1,305,453. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 1.01. Jefferies Financial Group has a 1 year low of $16.20 and a 1 year high of $22.32. The company has a market capitalization of $6.14 billion, a price-to-earnings ratio of 25.59 and a beta of 1.50. The stock’s 50-day moving average price is $19.49 and its 200-day moving average price is $19.28.

Jefferies Financial Group (NYSE:JEF) last posted its earnings results on Thursday, September 26th. The financial services provider reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.19). The firm had revenue of $857.00 million for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the company posted ($0.06) EPS. The company’s revenue for the quarter was down 25.5% compared to the same quarter last year. As a group, equities research analysts forecast that Jefferies Financial Group will post 1.03 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.50 annualized dividend and a yield of 2.41%. Jefferies Financial Group’s dividend payout ratio (DPR) is presently 61.73%.

About Jefferies Financial Group

Jefferies Financial Group Inc, a financial services company, engages in investment banking and capital markets, asset management, and direct investing businesses in the Americas, Europe, and Asia. the company also offers equities research, sales, and trading services; equity finance services comprising financing, securities lending, and other prime brokerage services; and wealth management services to high net worth individuals, their families and businesses, private equity and venture funds, and small institutions.

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