Jefferies Financial Group (NYSE:JEF) Stock Rating Lowered by Zacks Investment Research

Jefferies Financial Group (NYSE:JEF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

According to Zacks, “Jefferies Financial Group Inc. is a diversified financial services company. It engaged in investment banking and capital markets, merchant banking and an alternative asset management platform. The company’s financial service businesses are Berkadia which provide commercial mortgage banking, investment sales and servicing; Leucadia Asset Management provide asset management; HomeFed provide a publicly traded real estate company, FXCM provides online foreign exchange trading services and Foursight Capital provide vehicle finance. Jefferies Financial Group Inc. formerly known as Leucadia National Corporation is based in New York, United States. “

A number of other research firms have also recently weighed in on JEF. TheStreet raised shares of Jefferies Financial Group from a “d+” rating to a “c-” rating in a report on Friday, July 31st. Oppenheimer lifted their target price on shares of Jefferies Financial Group from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, June 30th. Finally, ValuEngine lowered shares of Jefferies Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. Jefferies Financial Group presently has a consensus rating of “Hold” and an average price target of $22.00.

NYSE JEF opened at $18.00 on Tuesday. The firm has a 50 day simple moving average of $17.28 and a 200-day simple moving average of $15.51. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.52 and a current ratio of 1.52. Jefferies Financial Group has a one year low of $11.20 and a one year high of $24.03. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of 13.85 and a beta of 1.44.

Jefferies Financial Group (NYSE:JEF) last issued its earnings results on Monday, June 29th. The financial services provider reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.19. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $844.30 million. Jefferies Financial Group had a net margin of 10.16% and a return on equity of 4.86%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 earnings per share. Equities analysts predict that Jefferies Financial Group will post 0.91 EPS for the current fiscal year.

In related news, President Brian P. Friedman bought 5,000 shares of the firm’s stock in a transaction on Monday, July 13th. The shares were bought at an average cost of $16.27 per share, for a total transaction of $81,350.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 14.80% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of JEF. Mason Capital Management LLC purchased a new stake in shares of Jefferies Financial Group in the 2nd quarter worth about $87,978,000. Donald Smith & CO. Inc. boosted its position in shares of Jefferies Financial Group by 37.7% in the 2nd quarter. Donald Smith & CO. Inc. now owns 3,532,231 shares of the financial services provider’s stock worth $54,926,000 after buying an additional 966,558 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Jefferies Financial Group by 369.3% in 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 buying an additional 1,778,182 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Jefferies Financial Group by 10.0% in the 1st quarter. JPMorgan Chase & Co. now owns 1,958,035 shares of the financial services provider’s stock worth $26,767,000 after buying an additional 178,462 shares in the last quarter. Finally, Captrust Financial Advisors boosted its position in shares of Jefferies Financial Group by 25.3% in the 2nd quarter. Captrust Financial Advisors now owns 1,352,136 shares of the financial services provider’s stock worth $20,444,000 after buying an additional 273,390 shares in the last quarter. Institutional investors own 70.80% of the company’s stock.

About Jefferies Financial Group

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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