Jefferies Financial Group (JEF) Rating Lowered to Sell at Zacks Investment Research

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

A number of other research firms also recently issued reports on JEF. Oppenheimer reduced their price target on shares of Jefferies Financial Group from $32.00 to $30.00 in a research report on Friday, January 11th. ValuEngine downgraded shares of Jefferies Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th.

JEF stock opened at $19.47 on Friday. Jefferies Financial Group has a 12-month low of $16.20 and a 12-month high of $25.07. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.36 and a quick ratio of 1.36. The company has a market cap of $5.86 billion, a PE ratio of 11.80 and a beta of 1.35.

Hedge funds have recently bought and sold shares of the company. AdvisorNet Financial Inc acquired a new position in shares of Jefferies Financial Group during the 4th quarter worth approximately $25,000. Essex Savings Bank acquired a new position in shares of Jefferies Financial Group during the 4th quarter worth approximately $25,000. JOYN Advisors Inc. raised its position in shares of Jefferies Financial Group by 81.5% during the 4th quarter. JOYN Advisors Inc. now owns 1,628 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 731 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Jefferies Financial Group during the 4th quarter worth approximately $31,000. Finally, We Are One Seven LLC acquired a new position in shares of Jefferies Financial Group during the 4th quarter worth approximately $37,000. Institutional investors own 78.85% of the company’s stock.

Jefferies Financial Group Company Profile

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.

Further Reading: Understanding Relative Strength Index

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