Jefferies Financial Group (NYSE:JEF) Upgraded to “Buy” by StockNews.com

StockNews.com upgraded shares of Jefferies Financial Group (NYSE:JEFFree Report) from a hold rating to a buy rating in a research note released on Friday morning.

Separately, Oppenheimer raised their price objective on shares of Jefferies Financial Group from $54.00 to $56.00 and gave the stock an outperform rating in a report on Tuesday, April 30th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of Buy and a consensus price target of $44.00.

Read Our Latest Research Report on JEF

Jefferies Financial Group Price Performance

NYSE:JEF traded up $0.34 during mid-day trading on Friday, hitting $47.32. The company’s stock had a trading volume of 916,102 shares, compared to its average volume of 981,831. Jefferies Financial Group has a fifty-two week low of $29.83 and a fifty-two week high of $47.62. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $10.03 billion, a price-to-earnings ratio of 38.79 and a beta of 1.36. The stock has a fifty day moving average of $44.22 and a 200-day moving average of $40.60.

Jefferies Financial Group (NYSE:JEFGet Free Report) last posted its quarterly earnings results on Wednesday, March 27th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.11. Jefferies Financial Group had a net margin of 5.90% and a return on equity of 4.41%. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the prior year, the business posted $0.55 earnings per share. The company’s quarterly revenue was up 35.4% compared to the same quarter last year. As a group, equities analysts forecast that Jefferies Financial Group will post 3.38 EPS for the current fiscal year.

Jefferies Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Monday, May 20th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Friday, May 17th. Jefferies Financial Group’s dividend payout ratio is currently 98.36%.

Insider Activity at Jefferies Financial Group

In other Jefferies Financial Group news, President Brian P. Friedman sold 55,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $46.30, for a total value of $2,546,500.00. Following the transaction, the president now directly owns 2,591,350 shares of the company’s stock, valued at $119,979,505. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Richard B. Handler sold 1,500,000 shares of Jefferies Financial Group stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $43.50, for a total transaction of $65,250,000.00. Following the transaction, the chief executive officer now directly owns 15,314,150 shares of the company’s stock, valued at $666,165,525. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Brian P. Friedman sold 55,000 shares of Jefferies Financial Group stock in a transaction on Monday, May 13th. The stock was sold at an average price of $46.30, for a total transaction of $2,546,500.00. Following the transaction, the president now directly owns 2,591,350 shares in the company, valued at $119,979,505. The disclosure for this sale can be found here. 20.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Jefferies Financial Group

Several institutional investors have recently added to or reduced their stakes in JEF. Allspring Global Investments Holdings LLC boosted its position in shares of Jefferies Financial Group by 88.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 6,113,391 shares of the financial services provider’s stock worth $269,601,000 after buying an additional 2,876,529 shares during the period. Norges Bank bought a new stake in shares of Jefferies Financial Group in the fourth quarter worth $88,852,000. Invesco Ltd. boosted its holdings in Jefferies Financial Group by 100.4% during the third quarter. Invesco Ltd. now owns 1,290,810 shares of the financial services provider’s stock worth $47,282,000 after purchasing an additional 646,666 shares during the last quarter. Principal Financial Group Inc. increased its stake in Jefferies Financial Group by 80.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,265,002 shares of the financial services provider’s stock valued at $46,337,000 after buying an additional 562,810 shares during the last quarter. Finally, Strs Ohio lifted its position in Jefferies Financial Group by 1,126.9% during the 4th quarter. Strs Ohio now owns 587,412 shares of the financial services provider’s stock worth $23,737,000 after buying an additional 539,534 shares in the last quarter. 60.88% of the stock is owned by institutional investors.

About Jefferies Financial Group

(Get Free Report)

Jefferies Financial Group Inc operates as an investment banking and capital markets firm in the Americas, Europe, the Middle East, and the Asia-Pacific. The company operates in two segments, Investment Banking and Capital Markets, and Asset Management. It provides investment banking, advisory services with respect to mergers or acquisitions, debt financing, restructurings or recapitalizations, and private capital advisory transactions; underwriting and placement services related to corporate debt, municipal bonds, mortgage-backed and asset-backed securities, equity and equity-linked securities, and loan syndication services; and corporate lending services.

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