Zacks: Jefferies Financial Group Inc (NYSE:JEF) Given Average Rating of “Buy” by Analysts

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

Analysts have set a 1-year consensus target price of $28.00 for the company and are anticipating 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 94 out of 255 based on the ratings given to its competitors.

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

NYSE:JEF traded up $0.42 during trading hours on Friday, reaching $18.40. The company’s stock had a trading volume of 1,933,188 shares, compared to its average volume of 5,754,282. The firm has a market capitalization of $5.39 billion, a price-to-earnings ratio of 22.72 and a beta of 1.45. The firm has a 50-day simple moving average of $18.93 and a 200-day simple moving average of $19.43. Jefferies Financial Group has a 1 year low of $16.20 and a 1 year high of $23.12. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.37 and a current ratio of 1.37.

Jefferies Financial Group (NYSE:JEF) last issued its earnings results on Thursday, September 26th. The financial services provider reported $0.15 EPS for the quarter, missing analysts’ consensus estimates 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 firm’s revenue for the quarter was down 25.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.06) EPS. Equities analysts anticipate that Jefferies Financial Group will post 1.02 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Friday, November 15th. Jefferies Financial Group’s dividend payout ratio (DPR) is presently 64.20%.

Institutional investors have recently made changes to their positions in the business. North Star Investment Management Corp. bought a new stake in Jefferies Financial Group in the 3rd quarter worth $27,000. Pearl River Capital LLC bought a new stake in Jefferies Financial Group in the 2nd quarter worth $33,000. Captrust Financial Advisors grew its holdings in Jefferies Financial Group by 185.5% in the 2nd quarter. Captrust Financial Advisors now owns 2,284 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 1,484 shares during the last quarter. Doyle Wealth Management bought a new stake in Jefferies Financial Group in the 2nd quarter worth $71,000. Finally, CSat Investment Advisory L.P. grew its holdings in Jefferies Financial Group by 34.4% in the 2nd quarter. CSat Investment Advisory L.P. now owns 4,105 shares of the financial services provider’s stock worth $79,000 after acquiring an additional 1,051 shares during the last quarter. 71.06% of the stock is currently owned by institutional investors and hedge funds.

Jefferies Financial Group Company Profile

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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