StockNews.com Upgrades Jefferies Financial Group (NYSE:JEF) to Buy

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

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

Check Out Our Latest Analysis on Jefferies Financial Group

Jefferies Financial Group Stock Down 0.5 %

NYSE JEF opened at $47.07 on Friday. The stock has a 50 day moving average price of $44.29 and a 200-day moving average price of $40.81. Jefferies Financial Group has a one year low of $29.83 and a one year high of $47.87. The company has a market capitalization of $9.98 billion, a P/E ratio of 38.58 and a beta of 1.36. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.91 and a current ratio of 0.91.

Jefferies Financial Group (NYSE:JEFGet Free Report) last issued its quarterly earnings data on Wednesday, March 27th. The financial services provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Jefferies Financial Group had a net margin of 5.90% and a return on equity of 4.41%. The business’s revenue was up 35.4% on a year-over-year basis. During the same period last year, the company posted $0.55 EPS. As a group, equities analysts predict that Jefferies Financial Group will post 3.4 EPS for the current fiscal year.

Jefferies Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders 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 2.55%. The ex-dividend date is Friday, May 17th. Jefferies Financial Group’s dividend payout ratio is currently 98.36%.

Insider Transactions at Jefferies Financial Group

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of JEF. Naples Money Management LLC purchased a new position in shares of Jefferies Financial Group during the fourth quarter worth $29,000. Allworth Financial LP raised its stake in shares of Jefferies Financial Group by 56.6% during the 4th quarter. Allworth Financial LP now owns 1,126 shares of the financial services provider’s stock valued at $46,000 after buying an additional 407 shares during the last quarter. Altshuler Shaham Ltd purchased a new stake in shares of Jefferies Financial Group in the fourth quarter worth about $47,000. Headlands Technologies LLC acquired a new stake in Jefferies Financial Group during the fourth quarter worth about $71,000. Finally, Fifth Third Bancorp grew its holdings in Jefferies Financial Group by 16.1% during the third quarter. Fifth Third Bancorp now owns 2,573 shares of the financial services provider’s stock worth $94,000 after acquiring an additional 356 shares during the period. 60.88% of the stock is owned by institutional investors and hedge funds.

Jefferies Financial Group Company Profile

(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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