Zacks: Jefferies Financial Group Inc (NYSE:JEF) Receives Consensus Rating of “Buy” from Analysts

Jefferies Financial Group Inc (NYSE:JEF) has earned a consensus broker rating score of 2.00 (Buy) from the two analysts 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. Jefferies Financial Group’s rating score has declined by 33.3% from three months ago as a result of various analysts’ upgrades and downgrades.

Brokerages have set a 12-month consensus price objective of $28.50 for the company and are forecasting that the company will post $0.42 EPS for the current quarter, according to Zacks. Zacks has also given Jefferies Financial Group an industry rank of 27 out of 256 based on the ratings given to related companies.

Several research firms have recently commented on JEF. ValuEngine upgraded Jefferies Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Keefe, Bruyette & Woods began coverage on shares of Jefferies Financial Group in a report on Thursday, July 11th. They issued a “market perform” rating and a $23.00 price objective on the stock.

Shares of NYSE JEF traded down $0.41 during trading on Friday, hitting $20.17. 1,628,813 shares of the company were exchanged, compared to its average volume of 2,006,913. Jefferies Financial Group has a 12-month low of $16.20 and a 12-month high of $24.70. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.37 and a quick ratio of 1.37. The company’s fifty day moving average is $20.22. The stock has a market cap of $6.17 billion, a price-to-earnings ratio of 24.90 and a beta of 1.40.

Jefferies Financial Group (NYSE:JEF) last posted its quarterly earnings results on Wednesday, July 3rd. The financial services provider reported $0.41 EPS for the quarter, topping the consensus estimate of $0.24 by $0.17. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.01 billion. The company’s revenue was up 20.9% on a year-over-year basis. On average, analysts anticipate that Jefferies Financial Group will post 1.34 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Monday, August 19th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.50 annualized dividend and a yield of 2.48%. Jefferies Financial Group’s dividend payout ratio (DPR) is currently 61.73%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Motco purchased a new stake in Jefferies Financial Group during the first quarter worth about $29,000. Penserra Capital Management LLC purchased a new stake in Jefferies Financial Group during the first quarter worth about $101,000. Advisor Group Inc. increased its stake in Jefferies Financial Group by 63.1% during the fourth quarter. Advisor Group Inc. now owns 8,059 shares of the financial services provider’s stock worth $139,000 after purchasing an additional 3,117 shares during the period. Municipal Employees Retirement System of Michigan purchased a new stake in Jefferies Financial Group during the fourth quarter worth about $142,000. Finally, Carroll Financial Associates Inc. purchased a new stake in Jefferies Financial Group during the first quarter worth about $161,000. Hedge funds and other institutional investors own 75.41% of the company’s stock.

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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