Zacks: Analysts Set $29.50 Price Target for Jefferies Financial Group Inc (JEF)

Jefferies Financial Group Inc (NYSE:JEF) has received a consensus broker rating score of 1.50 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company.

Brokers have set a 12 month consensus price objective of $29.50 for the company, according to Zacks. Zacks has also given Jefferies Financial Group an industry rank of 139 out of 255 based on the ratings given to related companies.

JEF has been the topic of a number of recent analyst reports. Oppenheimer reduced their price target on shares of Jefferies Financial Group from $32.00 to $30.00 in a research report on Friday, January 11th. Zacks Investment Research lowered shares of Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th.

NYSE:JEF traded up $0.16 on Wednesday, reaching $20.64. The stock had a trading volume of 2,133,437 shares, compared to its average volume of 2,357,278. The firm has a market cap of $6.41 billion, a PE ratio of 12.51 and a beta of 1.35. Jefferies Financial Group has a 1-year low of $16.20 and a 1-year high of $25.45. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.94.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 28th. Shareholders of record on Friday, February 15th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Thursday, February 14th. Jefferies Financial Group’s dividend payout ratio is presently 30.30%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. AdvisorNet Financial Inc bought a new position in shares of Jefferies Financial Group in the fourth quarter worth about $25,000. Essex Savings Bank bought a new stake in shares of Jefferies Financial Group during the fourth quarter worth approximately $25,000. JOYN Advisors Inc. raised its stake in shares of Jefferies Financial Group by 81.5% during the fourth quarter. JOYN Advisors Inc. now owns 1,628 shares of the financial services provider’s stock worth $28,000 after buying an additional 731 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Jefferies Financial Group during the fourth quarter worth approximately $31,000. Finally, We Are One Seven LLC bought a new stake in shares of Jefferies Financial Group during the fourth quarter worth approximately $37,000. 77.68% of the stock is owned by institutional investors.

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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