Jefferies Financial Group (NYSE:JEF) Price Target Increased to $54.00 by Analysts at Oppenheimer

Jefferies Financial Group (NYSE:JEFFree Report) had its price target boosted by Oppenheimer from $52.00 to $54.00 in a research report report published on Tuesday, Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

Separately, StockNews.com raised Jefferies Financial Group from a hold rating to a buy rating in a research report on Sunday, March 24th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Buy and a consensus target price of $43.33.

View Our Latest Stock Report on Jefferies Financial Group

Jefferies Financial Group Stock Performance

Shares of Jefferies Financial Group stock opened at $43.21 on Tuesday. Jefferies Financial Group has a one year low of $28.81 and a one year high of $47.39. The company has a market cap of $9.16 billion, a PE ratio of 35.42 and a beta of 1.37. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.95 and a current ratio of 0.95. The business has a 50-day simple moving average of $42.27 and a 200-day simple moving average of $38.51.

Jefferies Financial Group (NYSE:JEFGet Free Report) last announced its quarterly earnings data on Wednesday, March 27th. The financial services provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. Jefferies Financial Group had a return on equity of 4.42% and a net margin of 5.90%. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the previous year, the company posted $0.55 earnings per share. The business’s revenue for the quarter was up 35.4% on a year-over-year basis. On average, equities research analysts forecast that Jefferies Financial Group will post 3.53 EPS for the current fiscal year.

Jefferies Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Monday, May 20th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Friday, May 17th. Jefferies Financial Group’s payout ratio is 98.36%.

Institutional Investors Weigh In On Jefferies Financial Group

Institutional investors have recently added to or reduced their stakes in the business. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Jefferies Financial Group during the fourth quarter worth approximately $2,435,000. Hosking Partners LLP lifted its stake in Jefferies Financial Group by 11.5% in the third quarter. Hosking Partners LLP now owns 842,947 shares of the financial services provider’s stock valued at $30,877,000 after buying an additional 86,898 shares during the last quarter. Algert Global LLC lifted its stake in Jefferies Financial Group by 26.4% in the third quarter. Algert Global LLC now owns 120,035 shares of the financial services provider’s stock valued at $4,397,000 after buying an additional 25,040 shares during the last quarter. Hudson Bay Capital Management LP purchased a new stake in Jefferies Financial Group in the third quarter valued at approximately $7,326,000. Finally, J.P. Morgan Private Wealth Advisors LLC lifted its stake in Jefferies Financial Group by 183.5% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 24,672 shares of the financial services provider’s stock valued at $904,000 after buying an additional 15,970 shares during the last quarter. Hedge funds and other institutional investors own 60.88% of the company’s stock.

About Jefferies Financial Group

(Get Free Report)

Jefferies Financial Group Inc operates as an investment banking and capital markets firm in the Americas, Europe, the Middle East, and the Asia-Pacific. The company operates in two segments, Investment Banking and Capital Markets, and Asset Management. It provides investment banking, advisory services with respect to mergers or acquisitions, debt financing, restructurings or recapitalizations, and private capital advisory transactions; underwriting and placement services related to corporate debt, municipal bonds, mortgage-backed and asset-backed securities, equity and equity-linked securities, and loan syndication services; and corporate lending services.

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