Jefferies Financial Group Inc (NYSE:JEF) Given Consensus Recommendation of “Buy” by Analysts

Jefferies Financial Group Inc (NYSE:JEF) has been assigned a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.

Analysts have set a 12 month consensus price objective of $28.00 for the company and are predicting that the company will post $0.31 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Jefferies Financial Group an industry rank of 81 out of 255 based on the ratings given to its competitors.

Separately, Keefe, Bruyette & Woods assumed coverage on shares of Jefferies Financial Group in a report on Thursday, July 11th. They set a “market perform” rating and a $23.00 target price for the company.

Institutional investors have recently added to or reduced their stakes in the company. North Star Investment Management Corp. purchased a new stake in shares of Jefferies Financial Group during the third quarter worth $27,000. Pearl River Capital LLC purchased a new stake in shares of Jefferies Financial Group in the second quarter valued at about $33,000. Captrust Financial Advisors grew its holdings in shares of Jefferies Financial Group by 185.5% in the second quarter. Captrust Financial Advisors now owns 2,284 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 1,484 shares during the period. Doyle Wealth Management purchased a new stake in shares of Jefferies Financial Group in the second quarter valued at about $71,000. Finally, CSat Investment Advisory L.P. grew its holdings in shares of Jefferies Financial Group by 34.4% in the second quarter. CSat Investment Advisory L.P. now owns 4,105 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 1,051 shares during the period. 71.09% of the stock is owned by institutional investors and hedge funds.

NYSE JEF traded up $0.26 on Monday, hitting $18.75. The company had a trading volume of 1,378,503 shares, compared to its average volume of 2,237,118. The company has a market capitalization of $5.55 billion, a PE ratio of 23.15 and a beta of 1.45. The company’s fifty day moving average price is $18.80 and its 200-day moving average price is $19.36. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.43 and a quick ratio of 1.43. Jefferies Financial Group has a 12-month low of $16.20 and a 12-month high of $22.32.

Jefferies Financial Group (NYSE:JEF) last issued its quarterly earnings results on Thursday, September 26th. The financial services provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.19). The company had revenue of $857.00 million for the quarter, compared to the consensus estimate of $1.02 billion. The business’s quarterly revenue was down 25.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.06) earnings per share. On average, sell-side analysts anticipate that Jefferies Financial Group will post 1.02 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Friday, November 15th. Jefferies Financial Group’s payout ratio is 64.20%.

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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