In yesterday’s Wall Street session, Jefferies Financial Group Inc. (NYSE:JEF) shares traded at $35.25, up 4.88% from the previous session.
5 analysts cover Jefferies Financial Group Inc. (NYSE:JEF), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $39.00 and a low of $34.00, we find $35.00. Given the previous closing price of $33.61, this indicates a potential upside of 4.14 percent. JEF stock price is now 12.23% away from the 50-day moving average and 5.80% away from the 200-day moving average. The market capitalization of the company currently stands at $8.07B.
The stock has received a hold rating from 4 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $35.75 as their price target over the next twelve months.
With the price target enhanced from $27 to $36, Morgan Stanley Upgraded its rating from Underweight to Equal-Weight for Jefferies Financial Group Inc. (NYSE: JEF).
In other news, FRIEDMAN BRIAN P, President sold 500,000 shares of the company’s stock on Oct 24. The stock was sold for $16,425,000 at an average price of $32.85. Upon completion of the transaction, the President now directly owns 6,722,213 shares in the company, valued at $236.96 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 24, President FRIEDMAN BRIAN P sold 140,000 shares of the business’s stock. A total of $4,599,000 was realized by selling the stock at an average price of $32.85. This leaves the insider owning 556,779 shares of the company worth $19.63 million. Insiders disposed of 6,521,416 shares of company stock worth roughly $229.88 million over the past 1 year. A total of 11.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in JEF stock. A new stake in Jefferies Financial Group Inc. shares was purchased by ERGOTELES LLC during the first quarter worth $30,789,000. CEREDEX VALUE ADVISORS LLC invested $22,930,000 in shares of JEF during the first quarter. In the first quarter, AZORA CAPITAL LP acquired a new stake in Jefferies Financial Group Inc. valued at approximately $18,515,000. ASSENAGON ASSET MANAGEMENT S.A. acquired a new stake in JEF for approximately $12,494,000. CINCTIVE CAPITAL MANAGEMENT LP purchased a new stake in JEF valued at around $8,627,000 in the second quarter. In total, there are 604 active investors with 66.10% ownership of the company’s stock.
On Wednesday morning Jefferies Financial Group Inc. (NYSE: JEF) stock kicked off with the opening price of $35.13. During the past 12 months, Jefferies Financial Group Inc. has had a low of $25.76 and a high of $40.68. According to the stock market information, the enterprise value for the company is $14.52B, which is based on a 15.11 price-to-earnings ratio, a 0.84 price-to-earnings-growth ratio, and a beta of 1.41. The fifty day moving average price for JEF is $31.47 and a two-hundred day moving average price translates $33.35 for the stock.
The latest earnings results from Jefferies Financial Group Inc. (NYSE: JEF) was released for May, 2023. According to the Capital Markets Company, earnings per share came in at $0.05, missing analysts’ expectations of $0.27 by -0.22. This compares to $0.46 EPS in the same period last year. The net profit margin was 11.00% and return on equity was 7.60% for JEF. The company reported revenue of $1.04 billion for the quarter, compared to $1.34 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -22.45 percent. For the current quarter, analysts expect JEF to generate $1.2B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/25/2023. Investors who held shares on 08/14/2023 were paid a $0.30 dividend. On an annualized basis, this represents a $1.20 dividend and a 3.40% percent yield. There was an ex-dividend date of 08/11/2023 for this dividend. In terms of dividend payout ratio, JEF is presently at 36.40%.
Jefferies Financial Group Inc.(JEF) Company Profile
Jefferies Financial Group Inc. engages in the investment banking and capital markets, and asset management businesses in the Americas, Europe, the Middle East, and Asia. 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, restructurings or recapitalizations and private capital advisory transactions; equity and debt underwriting; and corporate lending. In addition, the company offers financing, securities lending, and other prime brokerage services; equities research and finance; and wealth management services. Further, it provides clients with sales and trading of investment grade corporate bonds, U.S. and European government and agency securities, municipal bonds, mortgage-backed and asset-backed securities, leveraged loans, consumer loans, high yield and distressed securities, emerging markets debt, interest rate, and credit derivative products, as well as foreign exchange trade execution and securitization; and manages, invests in, and provides services to a diverse group of alternative asset management platforms across a spectrum of investment strategies and asset classes. The company was formerly known as Leucadia National Corporation and changed its name to Jefferies Financial Group Inc. in May 2018. Jefferies Financial Group Inc. was founded in 1962 and is headquartered in New York, New York.
