Jefferies Financial Group (NYSE:JEF) PT Raised to $37.00

Jefferies Financial Group (NYSE:JEFGet Rating) had its price objective raised by analysts at The Goldman Sachs Group from $33.00 to $37.00 in a research note issued on Thursday, Marketbeat reports. The firm currently has a “buy” rating on the financial services provider’s stock. The Goldman Sachs Group’s price target points to a potential upside of 12.19% from the company’s previous close.

JEF has been the subject of several other research reports. Keefe, Bruyette & Woods lowered their price target on shares of Jefferies Financial Group from $33.00 to $30.00 in a report on Tuesday, June 28th. Morgan Stanley lowered their price target on shares of Jefferies Financial Group from $32.00 to $28.00 and set an “equal weight” rating for the company in a report on Monday, July 18th. Finally, Oppenheimer lowered their price target on shares of Jefferies Financial Group from $50.00 to $47.00 and set an “outperform” rating for the company in a report on Tuesday, June 7th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Jefferies Financial Group has an average rating of “Hold” and a consensus target price of $35.50.

Jefferies Financial Group Trading Down 0.1 %

Shares of JEF stock opened at $32.98 on Thursday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 2.21 and a current ratio of 2.21. The stock has a market capitalization of $7.67 billion, a P/E ratio of 7.53 and a beta of 1.41. The company has a 50 day moving average price of $29.60 and a 200 day moving average price of $32.14. Jefferies Financial Group has a fifty-two week low of $25.88 and a fifty-two week high of $44.47.

Jefferies Financial Group (NYSE:JEFGet Rating) last announced its quarterly earnings data on Monday, June 27th. The financial services provider reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.19). Jefferies Financial Group had a net margin of 17.23% and a return on equity of 11.76%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the firm posted $1.31 EPS. The company’s revenue for the quarter was down 29.8% on a year-over-year basis. Equities research analysts predict that Jefferies Financial Group will post 2.93 EPS for the current fiscal year.

Insider Activity at Jefferies Financial Group

In other Jefferies Financial Group news, Director Thomas W. Jones purchased 40,000 shares of Jefferies Financial Group stock in a transaction that occurred on Monday, July 25th. The stock was purchased at an average price of $31.21 per share, for a total transaction of $1,248,400.00. Following the transaction, the director now directly owns 55,962 shares in the company, valued at $1,746,574.02. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Jefferies Financial Group news, Director Thomas W. Jones purchased 40,000 shares of Jefferies Financial Group stock in a transaction that occurred on Monday, July 25th. The stock was purchased at an average price of $31.21 per share, for a total transaction of $1,248,400.00. Following the transaction, the director now directly owns 55,962 shares in the company, valued at $1,746,574.02. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Rocco J. Nittoli sold 7,000 shares of the company’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $32.41, for a total transaction of $226,870.00. The disclosure for this sale can be found here. 17.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Jefferies Financial Group

Institutional investors have recently bought and sold shares of the company. Allworth Financial LP acquired a new position in Jefferies Financial Group in the 1st quarter valued at $26,000. Hanson & Doremus Investment Management acquired a new position in shares of Jefferies Financial Group during the 1st quarter worth $27,000. First Horizon Advisors Inc. grew its stake in shares of Jefferies Financial Group by 119.6% during the 4th quarter. First Horizon Advisors Inc. now owns 830 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 452 shares during the period. Denali Advisors LLC grew its stake in shares of Jefferies Financial Group by 80.0% during the 2nd quarter. Denali Advisors LLC now owns 900 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 400 shares during the period. Finally, Chilton Capital Management LLC acquired a new position in shares of Jefferies Financial Group during the 4th quarter worth $39,000. 69.79% of the stock is owned by institutional investors and hedge funds.

About Jefferies Financial Group

(Get Rating)

Jefferies Financial Group Inc engages in the investment banking and capital markets, and asset management businesses in the Americas, Europe, the Middle East, Africa, and Asia. The company operates in Investment Banking and Capital Markets, Asset Management, Merchant Banking, and Corporate segments. It provides investment banking, advisory services with respect to mergers or acquisitions, restructurings or recapitalizations and private capital advisory transactions; equity and debt underwriting; and corporate lending.

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