Jefferies Financial Group Inc (NYSE:JEF) has been assigned a consensus broker rating score of 1.50 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy rating and one has given a strong buy rating to the company.
Brokers have set a 1 year consensus price objective of $30.50 for the company and are anticipating that the company will post $0.36 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Jefferies Financial Group an industry rank of 226 out of 256 based on the ratings given to related companies.
JEF has been the topic of several analyst reports. ValuEngine cut Jefferies Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. Zacks Investment Research upgraded Jefferies Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st.
Jefferies Financial Group (NYSE:JEF) last posted its earnings results on Thursday, March 28th. The financial services provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.10). Jefferies Financial Group had a net margin of 10.07% and a return on equity of 6.70%. The business had revenue of $828.40 million during the quarter, compared to analyst estimates of $1.03 billion. The business’s quarterly revenue was down 7.5% on a year-over-year basis. As a group, research analysts expect that Jefferies Financial Group will post 1.16 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Monday, May 20th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.65%. The ex-dividend date is Friday, May 17th. Jefferies Financial Group’s dividend payout ratio is currently 61.73%.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new position in Jefferies Financial Group during the 4th quarter valued at $37,879,000. Oregon Public Employees Retirement Fund boosted its stake in Jefferies Financial Group by 2,023.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,564,310 shares of the financial services provider’s stock valued at $90,000 after purchasing an additional 1,490,652 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Jefferies Financial Group by 37.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,111,446 shares of the financial services provider’s stock valued at $46,367,000 after purchasing an additional 580,803 shares in the last quarter. Prudential Financial Inc. boosted its stake in Jefferies Financial Group by 45.4% during the 4th quarter. Prudential Financial Inc. now owns 1,824,482 shares of the financial services provider’s stock valued at $31,673,000 after purchasing an additional 569,942 shares in the last quarter. Finally, South Texas Money Management Ltd. boosted its stake in Jefferies Financial Group by 67.3% during the 4th quarter. South Texas Money Management Ltd. now owns 1,305,950 shares of the financial services provider’s stock valued at $22,671,000 after purchasing an additional 525,504 shares in the last quarter. Hedge funds and other institutional investors own 80.20% 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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