Jefferies Financial Group Inc. (NYSE:JEF – Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $81.92 and last traded at $81.87, with a volume of 565279 shares. The stock had previously closed at $80.92.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on JEF shares. Oppenheimer lifted their target price on Jefferies Financial Group from $73.00 to $83.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. UBS Group began coverage on shares of Jefferies Financial Group in a research note on Tuesday, September 17th. They set a “buy” rating and a $67.00 price objective for the company. Finally, Morgan Stanley upgraded shares of Jefferies Financial Group from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $67.00 to $97.00 in a research note on Monday, December 9th.
View Our Latest Report on Jefferies Financial Group
Jefferies Financial Group Price Performance
The firm has a market capitalization of $15.57 billion, a PE ratio of 32.38 and a beta of 1.35. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.03 and a quick ratio of 1.03. The business’s 50 day moving average is $72.38 and its two-hundred day moving average is $60.94.
Jefferies Financial Group (NYSE:JEF – Get Free Report) last posted its quarterly earnings data on Wednesday, September 25th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.71 billion. Jefferies Financial Group had a return on equity of 6.40% and a net margin of 9.27%. The business’s revenue was up 42.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 earnings per share. As a group, research analysts anticipate that Jefferies Financial Group Inc. will post 3.13 EPS for the current year.
Jefferies Financial Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend was Monday, November 18th. Jefferies Financial Group’s payout ratio is currently 59.83%.
Insiders Place Their Bets
In related news, President Brian P. Friedman sold 393,397 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $72.17, for a total transaction of $28,391,461.49. Following the transaction, the president now directly owns 560,507 shares in the company, valued at $40,451,790.19. This trade represents a 41.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mitsui Financial Grou Sumitomo acquired 9,247,081 shares of the stock in a transaction on Thursday, September 19th. The stock was bought at an average price of $59.67 per share, with a total value of $551,773,323.27. Following the transaction, the director now directly owns 9,247,081 shares of the company’s stock, valued at approximately $551,773,323.27. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 1,286,923 shares of company stock valued at $88,999,151. 20.40% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of JEF. Rothschild Investment LLC purchased a new stake in shares of Jefferies Financial Group in the 2nd quarter worth about $25,000. Wilmington Savings Fund Society FSB purchased a new stake in Jefferies Financial Group in the third quarter worth about $32,000. Eastern Bank bought a new stake in Jefferies Financial Group during the 3rd quarter valued at approximately $42,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Jefferies Financial Group during the 2nd quarter worth approximately $48,000. Finally, Creative Financial Designs Inc. ADV boosted its holdings in shares of Jefferies Financial Group by 68.1% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,071 shares of the financial services provider’s stock valued at $66,000 after buying an additional 434 shares in the last quarter. Institutional investors own 60.88% of the company’s stock.
About Jefferies Financial Group
Jefferies Financial Group Inc operates as an investment banking and capital markets firm in the Americas, Europe, the Middle East, and the Asia-Pacific. The company operates in two segments, Investment Banking and Capital Markets, and Asset Management. It provides investment banking, advisory services with respect to mergers or acquisitions, debt financing, restructurings or recapitalizations, and private capital advisory transactions; underwriting and placement services related to corporate debt, municipal bonds, mortgage-backed and asset-backed securities, equity and equity-linked securities, and loan syndication services; and corporate lending services.
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