Oppenheimer Issues Pessimistic Forecast for Jefferies Financial Group (NYSE:JEF) Stock Price

Jefferies Financial Group (NYSE:JEF) had its price objective decreased by equities researchers at Oppenheimer from $82.00 to $81.00 in a report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock.

A number of other analysts also recently issued reports on JEF. Morgan Stanley upgraded shares of Jefferies Financial Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $67.00 to $97.00 in a report on Monday, December 9th. 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 target for the company.

Jefferies Financial Group Stock Up 2.5 %

JEF stock opened at $81.00 on Friday. The stock has a market cap of $16.65 billion, a P/E ratio of 34.62 and a beta of 1.35. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.53. The stock’s fifty day simple moving average is $75.55 and its two-hundred day simple moving average is $63.75. Jefferies Financial Group has a 1-year low of $38.77 and a 1-year high of $82.04.

Insider Activity at Jefferies Financial Group

In related news, Director Robert D. Beyer sold 46,200 shares of Jefferies Financial Group stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $64.07, for a total value of $2,960,034.00. Following the completion of the transaction, the director now directly owns 100,375 shares in the company, valued at approximately $6,431,026.25. The trade was a 31.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Brian P. Friedman sold 393,397 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $72.17, for a total transaction of $28,391,461.49. Following the sale, the president now directly owns 560,507 shares in the company, valued at $40,451,790.19. The trade was a 41.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,286,923 shares of company stock worth $88,999,151. Company insiders own 20.40% of the company’s stock.

Institutional Trading of Jefferies Financial Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Rothschild Investment LLC bought a new stake in shares of Jefferies Financial Group during the second quarter valued at about $25,000. Commonwealth Equity Services LLC lifted its stake in Jefferies Financial Group by 1.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 42,714 shares of the financial services provider’s stock worth $2,125,000 after purchasing an additional 816 shares in the last quarter. Natixis Advisors LLC boosted its holdings in Jefferies Financial Group by 11.7% in the 2nd quarter. Natixis Advisors LLC now owns 32,772 shares of the financial services provider’s stock valued at $1,631,000 after purchasing an additional 3,430 shares during the period. CIBC Asset Management Inc grew its position in shares of Jefferies Financial Group by 19.8% during the 2nd quarter. CIBC Asset Management Inc now owns 5,958 shares of the financial services provider’s stock valued at $296,000 after purchasing an additional 984 shares in the last quarter. Finally, Versor Investments LP bought a new position in shares of Jefferies Financial Group in the second quarter worth $313,000. Hedge funds and other institutional investors own 60.88% of the company’s stock.

Jefferies Financial Group Company Profile

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.