Shares of Jefferies Financial Group Inc (NYSE:JEF) have been given a consensus broker rating score of 1.50 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy rating and one has assigned a strong buy rating to the company.
Analysts have set a one year consensus price objective of $29.50 for the company and are forecasting that the company will post $0.24 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Jefferies Financial Group an industry rank of 215 out of 256 based on the ratings given to its competitors.
Several equities research analysts recently commented on JEF shares. ValuEngine cut Jefferies Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Zacks Investment Research raised Jefferies Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, March 21st.
Jefferies Financial Group (NYSE:JEF) last announced its earnings results on Thursday, March 28th. The financial services provider reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.10). The business had revenue of $828.40 million during the quarter, compared to analyst estimates of $1.03 billion. The firm’s revenue was down 7.5% on a year-over-year basis. As a group, research analysts anticipate that Jefferies Financial Group will post 1.03 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 20th were issued a $0.125 dividend. The ex-dividend date was Friday, May 17th. This represents a $0.50 annualized dividend and a dividend yield of 2.73%. Jefferies Financial Group’s dividend payout ratio is presently 61.73%.
Several large investors have recently bought and sold shares of JEF. Norges Bank acquired a new stake in shares of Jefferies Financial Group in the fourth quarter valued at approximately $37,879,000. Oregon Public Employees Retirement Fund increased its holdings in shares of Jefferies Financial Group by 2,023.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,564,310 shares of the financial services provider’s stock valued at $90,000 after purchasing an additional 1,490,652 shares during the last quarter. FMR LLC increased its holdings in shares of Jefferies Financial Group by 1,500.1% in the first quarter. FMR LLC now owns 1,240,071 shares of the financial services provider’s stock valued at $23,301,000 after purchasing an additional 1,162,570 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of Jefferies Financial Group by 45.4% in the fourth quarter. Prudential Financial Inc. now owns 1,824,482 shares of the financial services provider’s stock valued at $31,673,000 after purchasing an additional 569,942 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Jefferies Financial Group by 21.3% in the first quarter. JPMorgan Chase & Co. now owns 2,284,214 shares of the financial services provider’s stock valued at $42,920,000 after purchasing an additional 400,980 shares during the last quarter. 76.02% of the stock is owned by hedge funds and other institutional investors.
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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