Jefferies Financial Group (NYSE:JEF) Now Covered by UBS Group

Analysts at UBS Group began coverage on shares of Jefferies Financial Group (NYSE:JEF) in a report released on Tuesday, Marketbeat reports. The firm set a “buy” rating and a $67.00 price target on the financial services provider’s stock. UBS Group’s price target would suggest a potential upside of 10.25% from the stock’s current price.

Several other research analysts have also issued reports on the company. Morgan Stanley increased their target price on Jefferies Financial Group from $44.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. StockNews.com lowered Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, June 21st. Finally, Oppenheimer raised their price objective on Jefferies Financial Group from $64.00 to $66.00 and gave the company an “outperform” rating in a research report on Friday, September 13th.

Jefferies Financial Group Trading Down 0.1 %

NYSE JEF opened at $60.77 on Tuesday. Jefferies Financial Group has a fifty-two week low of $31.38 and a fifty-two week high of $62.04. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a 50 day simple moving average of $56.61 and a two-hundred day simple moving average of $49.20. The stock has a market cap of $12.49 billion, a P/E ratio of 33.83 and a beta of 1.32.

Jefferies Financial Group (NYSE:JEF) last announced its earnings results on Wednesday, June 26th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.01. Jefferies Financial Group had a return on equity of 5.37% and a net margin of 7.82%. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the prior year, the company earned $0.29 EPS. The business’s revenue was up 59.6% compared to the same quarter last year. On average, analysts forecast that Jefferies Financial Group will post 3.27 earnings per share for the current year.

Hedge Funds Weigh In On Jefferies Financial Group

Institutional investors and hedge funds have recently modified their holdings of the company. Rothschild Investment LLC purchased a new position in shares of Jefferies Financial Group in the 2nd quarter worth $25,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of Jefferies Financial Group by 75.7% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 520 shares of the financial services provider’s stock worth $26,000 after buying an additional 224 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Jefferies Financial Group by 1,993.8% in the 2nd quarter. Versant Capital Management Inc now owns 670 shares of the financial services provider’s stock worth $33,000 after buying an additional 638 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Jefferies Financial Group during the second quarter valued at $48,000. Finally, Daiwa Securities Group Inc. purchased a new position in Jefferies Financial Group during the second quarter valued at $80,000. 60.88% of the stock is currently owned by hedge funds and other institutional investors.

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.