Jefferies Financial Group Inc. (NYSE:JEF) Stock Has Average Target Price of $56.86 According to Analysts

Jefferies Financial Group Inc. (NYSE:JEF) has been assigned a consensus recommendation of “Hold” from the seven analysts that are covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $56.86.

Several brokerages have commented on JEF. Capital One Financial set a $50.00 price target on Jefferies Financial Group in a 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 note on Thursday, August 27th. Morgan Stanley lowered their target price on shares of Jefferies Financial Group from $50.00 to $49.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 29th. Oppenheimer reduced their price objective on Jefferies Financial Group from $76.00 to $71.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 29th. Finally, Wall Street Zen downgraded Jefferies Financial Group from a “buy” rating to a “hold” rating in a report on Monday, October 19th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC grew its position in shares of Jefferies Financial Group by 0.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 65,437 shares of the financial services provider’s stock valued at $2,992,000 after buying an additional 228 shares during the last quarter. CX Institutional lifted its position in shares of Jefferies Financial Group by 77.6% during the 2nd quarter. CX Institutional now owns 547 shares of the financial services provider’s stock valued at $27,000 after buying an additional 239 shares in the last quarter. Ethic Inc. raised its position in shares of Jefferies Financial Group by 4.5% during the 3rd quarter. Ethic Inc. now owns 5,857 shares of the financial services provider’s stock valued at $268,000 after buying an additional 251 shares in the last quarter. Greenleaf Trust lifted its holdings in shares of Jefferies Financial Group by 5.3% in the 2nd quarter. Greenleaf Trust now owns 6,347 shares of the financial services provider’s stock worth $317,000 after buying an additional 322 shares during the period. Finally, KBC Group NV boosted its stake in Jefferies Financial Group by 0.4% in the 1st 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. Institutional investors and hedge funds own 60.88% of the company’s stock.

Jefferies Financial Group Stock Down 2.5%

Jefferies Financial Group stock opened at $47.37 on Friday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.02 and a current ratio of 1.02. The company has a 50-day simple moving average of $47.89 and a 200-day simple moving average of $50.66. Jefferies Financial Group has a one year low of $35.53 and a one year high of $66.60. The firm has a market capitalization of $8.96 billion, a P/E ratio of 12.98 and a beta of 1.54.

Jefferies Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 16th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, November 16th. This represents a $1.60 annualized dividend and a yield of 3.4%. Jefferies Financial Group’s payout ratio is currently 43.84%.

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.