Jefferies Financial Group (JEF) PT Lowered to $30.00

Jefferies Financial Group (NYSE:JEF) had its target price decreased by Oppenheimer from $32.00 to $30.00 in a research report report published on Friday, The Fly reports. Oppenheimer also issued estimates for Jefferies Financial Group’s Q1 2019 earnings at $0.32 EPS, Q2 2019 earnings at $0.32 EPS, Q3 2019 earnings at $0.34 EPS and FY2020 earnings at $1.52 EPS.

Separately, Zacks Investment Research lowered shares of Jefferies Financial Group from a hold rating to a strong sell rating in a research note on Wednesday, October 10th.

Shares of NYSE:JEF opened at $19.09 on Friday. Jefferies Financial Group has a 52 week low of $16.20 and a 52 week high of $28.30. The company has a market capitalization of $5.98 billion, a price-to-earnings ratio of 11.57 and a beta of 1.21. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.97.

Jefferies Financial Group (NYSE:JEF) last announced its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.03). Jefferies Financial Group had a net margin of 10.07% and a return on equity of 5.07%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $869.80 million. Sell-side analysts predict that Jefferies Financial Group will post 1.27 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 28th. Investors of record on Friday, February 15th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Thursday, February 14th. Jefferies Financial Group’s dividend payout ratio is 30.30%.

Several large investors have recently modified their holdings of the business. American International Group Inc. boosted its stake in shares of Jefferies Financial Group by 1.4% during the 3rd quarter. American International Group Inc. now owns 182,674 shares of the financial services provider’s stock valued at $4,012,000 after buying an additional 2,457 shares during the period. DNB Asset Management AS boosted its stake in shares of Jefferies Financial Group by 7.1% during the 3rd quarter. DNB Asset Management AS now owns 42,140 shares of the financial services provider’s stock valued at $925,000 after buying an additional 2,800 shares during the period. LPL Financial LLC boosted its stake in shares of Jefferies Financial Group by 23.5% during the 3rd quarter. LPL Financial LLC now owns 16,338 shares of the financial services provider’s stock valued at $359,000 after buying an additional 3,111 shares during the period. Envestnet Asset Management Inc. acquired a new stake in shares of Jefferies Financial Group during the 2nd quarter valued at $106,000. Finally, Palo Capital Inc. acquired a new stake in shares of Jefferies Financial Group during the 3rd quarter valued at $108,000. 76.96% of the stock is owned by institutional investors.

About Jefferies Financial Group

Jefferies Financial Group Inc, a financial services company, offers a range of products and services in investment banking, equities, fixed income, and wealth management in the Americas, Europe, and Asia. It engages in the debt capital market, equity capital market, merger and acquisition, private capital advisory, and restructuring and recapitalization businesses.

Further Reading: Diversification

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