Jefferies Financial Group Inc (NYSE:JEF) has received an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Brokerages have set a 12 month consensus target price of $25.50 for the company and are expecting that the company will post $0.32 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Jefferies Financial Group an industry rank of 146 out of 255 based on the ratings given to related companies.
In other news, Chairman Joseph S. Steinberg sold 522,810 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $21.03, for a total value of $10,994,694.30. Following the sale, the chairman now owns 2,632,979 shares of the company’s stock, valued at $55,371,548.37. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 10.00% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in JEF. North Star Investment Management Corp. purchased a new position in shares of Jefferies Financial Group during the third quarter valued at approximately $27,000. Cullen Frost Bankers Inc. boosted its holdings in Jefferies Financial Group by 332.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 1,568 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 1,205 shares during the period. Pearl River Capital LLC purchased a new position in Jefferies Financial Group during the 2nd quarter valued at $33,000. Thor Advisors LLC bought a new position in Jefferies Financial Group in the 3rd quarter valued at $34,000. Finally, Captrust Financial Advisors grew its position in Jefferies Financial Group by 185.5% in the 2nd quarter. Captrust Financial Advisors now owns 2,284 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 1,484 shares during the last quarter. 72.28% of the stock is owned by hedge funds and other institutional investors.
JEF stock traded up $0.08 during midday trading on Thursday, reaching $20.98. 1,586,100 shares of the company traded hands, compared to its average volume of 2,119,044. The firm has a market capitalization of $6.27 billion, a price-to-earnings ratio of 25.90 and a beta of 1.50. Jefferies Financial Group has a 52-week low of $16.20 and a 52-week high of $21.66. The business has a 50 day moving average of $19.65 and a 200-day moving average of $19.31. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.43 and a current ratio of 1.43.
Jefferies Financial Group (NYSE:JEF) last released its earnings results on Thursday, September 26th. The financial services provider reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.19). The firm had revenue of $857.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. The business’s revenue was down 25.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.06) earnings per share. Research analysts anticipate that Jefferies Financial Group will post 1.03 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date was Friday, November 15th. Jefferies Financial Group’s dividend payout ratio (DPR) is 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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