Jefferies Financial Group Inc. (NYSE:JEF) Stock Has Consensus Target Price of $56.86

Shares of Jefferies Financial Group Inc. (NYSE:JEF) have been assigned a consensus rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $56.86.

JEF has been the topic of several recent analyst reports. Weiss Ratings lowered shares of Jefferies Financial Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, August 27th. Morgan Stanley dropped their target price on shares of Jefferies Financial Group from $50.00 to $49.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 29th. The Goldman Sachs Group cut their price target on shares of Jefferies Financial Group from $67.00 to $57.00 and set a “buy” rating for the company in a report on Tuesday, September 29th. Oppenheimer cut their price target on shares of Jefferies Financial Group from $76.00 to $71.00 and set an “outperform” rating for the company in a report on Tuesday, September 29th. Finally, BMO Capital Markets reduced their price target on shares of Jefferies Financial Group from $57.00 to $50.00 and set a “market perform” rating on the stock in a research report on Tuesday, September 29th.

Jefferies Financial Group Stock Down 0.5%

JEF stock opened at $47.83 on Friday. Jefferies Financial Group has a 52 week low of $35.53 and a 52 week high of $66.60. The business has a 50-day simple moving average of $47.64 and a 200 day simple moving average of $50.45. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.09. The company has a market cap of $9.04 billion, a PE ratio of 13.10 and a beta of 1.54.

Jefferies Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 16th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.3%. The ex-dividend date is Monday, November 16th. Jefferies Financial Group’s payout ratio is currently 43.84%.

Institutional Investors Weigh In On Jefferies Financial Group

Large investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Jefferies Financial Group in the 2nd quarter valued at $834,947,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Jefferies Financial Group during the 2nd quarter worth $127,242,000. Bamco Inc. NY bought a new stake in shares of Jefferies Financial Group during the 2nd quarter worth $107,044,000. Freestone Grove Partners LP bought a new stake in shares of Jefferies Financial Group during the 2nd quarter worth $79,537,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Jefferies Financial Group during the 2nd quarter worth $66,971,000. Institutional investors and hedge funds own 60.88% of the company’s stock.

Jefferies Financial Group Company Profile

Jefferies Financial Group Inc. is a global financial services company whose principal business is conducted through Jefferies, its investment banking and capital markets business. Jefferies advises companies and financial sponsors on mergers and acquisitions, restructurings and other strategic matters, and helps clients raise capital through debt and equity offerings. It also provides securities research, sales and trading, and related services to institutional investors and other clients. The company serves clients across the Americas, Europe, the Middle East and Asia-Pacific.