Jefferies Financial Group (NYSE:JEF) Now Covered by The Goldman Sachs Group

Stock analysts at The Goldman Sachs Group started coverage on shares of Jefferies Financial Group (NYSE:JEF) in a report released on Monday, Price Targets.com reports. The brokerage set a “buy” rating and a $45.00 price target on the financial services provider’s stock. The Goldman Sachs Group’s target price indicates a potential upside of 26.09% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research downgraded Jefferies Financial Group from a “buy” rating to a “hold” rating in a report on Monday, August 30th. Oppenheimer started coverage on Jefferies Financial Group in a report on Monday, June 28th. They set a “buy” rating and a $40.00 target price for the company.

JEF opened at $35.69 on Monday. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.31 and a quick ratio of 2.31. The firm has a market capitalization of $8.82 billion, a PE ratio of 6.36 and a beta of 1.49. The business’s 50-day moving average is $35.10 and its two-hundred day moving average is $33.13. Jefferies Financial Group has a 1 year low of $17.05 and a 1 year high of $37.85.

Jefferies Financial Group (NYSE:JEF) last issued its quarterly earnings results on Sunday, June 27th. The financial services provider reported $1.30 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.40. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.56 billion. Jefferies Financial Group had a return on equity of 16.08% and a net margin of 19.62%. As a group, sell-side analysts expect that Jefferies Financial Group will post 4.76 EPS for the current year.

In related news, Director Melissa Weiler purchased 4,000 shares of Jefferies Financial Group stock in a transaction that occurred on Monday, July 19th. The stock was bought at an average cost of $32.00 per share, for a total transaction of $128,000.00. Following the completion of the transaction, the director now owns 4,000 shares in the company, valued at $128,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Joseph S. Steinberg sold 97,033 shares of the business’s stock in a transaction that occurred on Monday, August 9th. The shares were sold at an average price of $35.05, for a total value of $3,401,006.65. The disclosure for this sale can be found here. 17.10% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Duality Advisers LP increased its position in shares of Jefferies Financial Group by 91.0% during the first quarter. Duality Advisers LP now owns 74,786 shares of the financial services provider’s stock worth $2,251,000 after purchasing an additional 35,623 shares in the last quarter. Rafferty Asset Management LLC boosted its stake in Jefferies Financial Group by 10.9% during the second quarter. Rafferty Asset Management LLC now owns 123,899 shares of the financial services provider’s stock worth $4,237,000 after buying an additional 12,181 shares during the last quarter. Morgan Stanley boosted its stake in Jefferies Financial Group by 212.4% during the first quarter. Morgan Stanley now owns 1,901,388 shares of the financial services provider’s stock worth $57,231,000 after buying an additional 1,292,652 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Jefferies Financial Group by 18.0% during the first quarter. Russell Investments Group Ltd. now owns 291,954 shares of the financial services provider’s stock worth $8,807,000 after buying an additional 44,450 shares during the last quarter. Finally, Hosking Partners LLP boosted its stake in Jefferies Financial Group by 19.4% during the first quarter. Hosking Partners LLP now owns 924,206 shares of the financial services provider’s stock worth $27,819,000 after buying an additional 150,018 shares during the last quarter. Hedge funds and other institutional investors own 68.38% of the company’s stock.

Jefferies Financial Group Company Profile

Jefferies Financial Group, Inc is a holding company, which engages in the provision of financial services. It operates through the following segments: Investment Banking, Capital Markets, and Asset Management; Merchant Banking; and Corporate segments. The Investment Banking, Capital Markets, and Asset Management segment consists of investments in Jefferies Group.

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