March 4, 2024

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Jefferies Financial Group (NYSE:JEF) PT Raised to $32.00

3 min read

Jefferies Financial Group (NYSE:JEF) had its price target raised by Oppenheimer from $26.00 to $32.00 in a research report sent to investors on Wednesday, The Fly reports. Oppenheimer currently has an outperform rating on the financial services provider’s stock. Oppenheimer also issued estimates for Jefferies Financial Group’s Q1 2021 earnings at $0.48 EPS, Q2 2021 earnings at $0.56 EPS, Q3 2021 earnings at $0.36 EPS, Q4 2021 earnings at $0.28 EPS, FY2021 earnings at $1.69 EPS and FY2022 earnings at $2.17 EPS.

Several other research analysts have also recently weighed in on JEF. Keefe, Bruyette & Woods upgraded shares of Jefferies Financial Group from a market perform rating to an outperform rating and lifted their price target for the stock from $17.00 to $21.00 in a research note on Wednesday, September 16th. Zacks Investment Research downgraded shares of Jefferies Financial Group from a buy rating to a hold rating in a research report on Tuesday, September 15th. Finally, ValuEngine downgraded shares of Jefferies Financial Group from a sell rating to a strong sell rating in a research report on Tuesday, January 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $27.67.

Shares of JEF stock opened at $26.39 on Wednesday. Jefferies Financial Group has a 12-month low of $11.20 and a 12-month high of $26.76. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.10. The firm’s 50 day moving average is $23.77 and its 200 day moving average is $19.48. The stock has a market capitalization of $6.74 billion, a P/E ratio of 11.89 and a beta of 1.45.

Jefferies Financial Group (NYSE:JEF) last issued its earnings results on Sunday, January 3rd. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.61. Jefferies Financial Group had a net margin of 13.50% and a return on equity of 7.65%. As a group, equities analysts predict that Jefferies Financial Group will post 1.73 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 26th. Stockholders of record on Friday, February 12th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.03%. This is an increase from Jefferies Financial Group’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, February 11th. Jefferies Financial Group’s dividend payout ratio (DPR) is presently 45.45%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. IMA Wealth Inc. increased its holdings in Jefferies Financial Group by 79.2% in the 3rd quarter. IMA Wealth Inc. now owns 1,378 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 609 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of Jefferies Financial Group in the 3rd quarter worth about $27,000. Huntington National Bank increased its holdings in shares of Jefferies Financial Group by 165.2% in the 3rd quarter. Huntington National Bank now owns 1,554 shares of the financial services provider’s stock worth $28,000 after buying an additional 968 shares during the last quarter. Private Advisor Group LLC bought a new stake in shares of Jefferies Financial Group in the 2nd quarter worth about $30,000. Finally, CI Investments Inc. bought a new stake in shares of Jefferies Financial Group in the 3rd quarter worth about $43,000. Institutional investors own 67.68% of the company’s stock.

About Jefferies Financial Group

Jefferies Financial Group Inc, a diversified financial services company, engages in investment banking and capital markets, asset management, and direct investing businesses in the Americas, Europe, the Middle East, Africa, 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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