Zacks: Jefferies Financial Group Inc (JEF) Given $30.50 Average Price Target by Brokerages
Jefferies Financial Group Inc (NYSE:JEF) has received a consensus broker rating score of 1.50 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy rating and one has issued a strong buy rating on the company.
Brokerages have set a 1 year consensus price objective of $30.50 for the company and are predicting that the company will post $0.29 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Jefferies Financial Group an industry rank of 150 out of 257 based on the ratings given to its competitors.
A number of equities analysts have weighed in on JEF shares. Zacks Investment Research lowered shares of Jefferies Financial Group from a “buy” rating to a “hold” rating in a report on Friday, September 7th. Keefe, Bruyette & Woods started coverage on shares of Jefferies Financial Group in a report on Monday, August 20th. They issued an “outperform” rating and a $29.00 price target on the stock.
Jefferies Financial Group (NYSE:JEF) last announced its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.03). The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $869.80 million. Jefferies Financial Group had a net margin of 10.07% and a return on equity of 5.07%. Sell-side analysts forecast that Jefferies Financial Group will post 1.27 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Monday, November 19th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, November 16th. This represents a $0.50 annualized dividend and a dividend yield of 2.56%. Jefferies Financial Group’s payout ratio is 30.30%.
Several large investors have recently bought and sold shares of JEF. BlackRock Inc. acquired a new position in shares of Jefferies Financial Group during the 2nd quarter valued at $472,764,000. Bank of New York Mellon Corp acquired a new position in shares of Jefferies Financial Group during the 2nd quarter valued at $260,247,000. Great West Life Assurance Co. Can acquired a new position in shares of Jefferies Financial Group during the 2nd quarter valued at $134,713,000. Sterling Capital Management LLC acquired a new position in shares of Jefferies Financial Group during the 2nd quarter valued at $99,637,000. Finally, Burgundy Asset Management Ltd. acquired a new position in shares of Jefferies Financial Group during the 2nd quarter valued at $79,578,000. Institutional investors and hedge funds own 76.98% 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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