Zacks Investment Research cut shares of Jefferies Financial Group (NYSE:JEF) from a buy rating to a hold rating in a research note published on Friday.

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. “

JEF has been the subject of several other reports. ValuEngine cut shares of Jefferies Financial Group from a hold rating to a sell rating in a research report on Monday, July 2nd. Keefe, Bruyette & Woods assumed coverage on shares of Jefferies Financial Group in a research report on Monday, August 20th. They issued an outperform rating and a $29.00 price target for the company.

JEF stock opened at $23.03 on Friday. The company has a market cap of $7.68 billion, a P/E ratio of 13.96 and a beta of 1.16. Jefferies Financial Group has a 1 year low of $21.61 and a 1 year high of $28.30. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.97.

Jefferies Financial Group (NYSE:JEF) last released its quarterly earnings data on Thursday, July 26th. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.88 by $0.15. The business had revenue of $911.15 million during the quarter, compared to analysts’ expectations of $789.70 million. Jefferies Financial Group had a net margin of 7.60% and a return on equity of 4.52%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.16 EPS. research analysts expect that Jefferies Financial Group will post 1.46 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Monday, September 17th will be given a $0.125 dividend. This is a boost from Jefferies Financial Group’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Friday, September 14th. Jefferies Financial Group’s dividend payout ratio is 24.24%.

A number of hedge funds and other institutional investors have recently made changes to their positions in JEF. Envestnet Asset Management Inc. acquired a new position in Jefferies Financial Group in the 2nd quarter valued at approximately $106,000. Victory Capital Management Inc. acquired a new position in Jefferies Financial Group in the 2nd quarter valued at approximately $108,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Jefferies Financial Group in the 2nd quarter valued at approximately $109,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Jefferies Financial Group in the 2nd quarter valued at approximately $112,000. Finally, Summit Trail Advisors LLC acquired a new position in Jefferies Financial Group in the 2nd quarter valued at approximately $114,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Jefferies Financial Group Company Profile

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.

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