Jefferies Financial Group (NYSE:JEF) Stock Rating Lowered by ValuEngine

Jefferies Financial Group (NYSE:JEF) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Tuesday, ValuEngine reports.

A number of other analysts have also recently issued reports on the company. Zacks Investment Research raised Jefferies Financial Group from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Saturday, September 12th. TheStreet raised Jefferies Financial Group from a “d+” rating to a “c-” rating in a research note on Friday, July 31st. Finally, Oppenheimer increased their target price on Jefferies Financial Group from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. Jefferies Financial Group currently has a consensus rating of “Hold” and an average price target of $22.00.

Shares of NYSE:JEF opened at $18.00 on Tuesday. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of 13.85 and a beta of 1.44. The firm’s 50 day simple moving average is $17.28 and its 200 day simple moving average is $15.51. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.52 and a quick ratio of 1.52. Jefferies Financial Group has a fifty-two week low of $11.20 and a fifty-two week high of $24.03.

Jefferies Financial Group (NYSE:JEF) last announced its quarterly earnings results on Monday, June 29th. The financial services provider reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.19. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $844.30 million. Jefferies Financial Group had a net margin of 10.16% and a return on equity of 4.86%. Jefferies Financial Group’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the company posted $0.14 EPS. Equities research analysts expect that Jefferies Financial Group will post 0.91 earnings per share for the current year.

In other Jefferies Financial Group news, President Brian P. Friedman purchased 5,000 shares of the firm’s stock in a transaction dated Monday, July 13th. The stock was bought at an average cost of $16.27 per share, with a total value of $81,350.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 14.80% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of JEF. Mason Capital Management LLC bought a new position in shares of Jefferies Financial Group during the 2nd quarter worth approximately $87,978,000. First Trust Advisors LP grew its stake in shares of Jefferies Financial Group by 369.3% during the 2nd quarter. First Trust Advisors LP now owns 2,259,682 shares of the financial services provider’s stock worth $35,138,000 after acquiring an additional 1,778,182 shares in the last quarter. AJO LP grew its stake in shares of Jefferies Financial Group by 90,274.5% in the second quarter. AJO LP now owns 1,270,666 shares of the financial services provider’s stock valued at $19,758,000 after buying an additional 1,269,260 shares in the last quarter. FMR LLC grew its stake in shares of Jefferies Financial Group by 1,500.1% in the first quarter. FMR LLC now owns 1,240,071 shares of the financial services provider’s stock valued at $23,301,000 after buying an additional 1,162,570 shares in the last quarter. Finally, Balyasny Asset Management LLC grew its stake in shares of Jefferies Financial Group by 490.5% in the second quarter. Balyasny Asset Management LLC now owns 917,670 shares of the financial services provider’s stock valued at $14,270,000 after buying an additional 1,152,670 shares in the last quarter. 70.80% of the stock is owned by institutional investors.

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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