Jefferies Financial Group Inc. (NYSE:JEF – Get Free Report) hit a new 52-week high on Monday after Oppenheimer raised their price target on the stock from $64.00 to $66.00. Oppenheimer currently has an outperform rating on the stock. Jefferies Financial Group traded as high as $60.73 and last traded at $59.67, with a volume of 1711025 shares. The stock had previously closed at $58.54.
Other equities analysts have also issued research reports about the company. StockNews.com lowered Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, June 21st. Morgan Stanley raised their price objective on Jefferies Financial Group from $44.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd.
Check Out Our Latest Research Report on JEF
Hedge Funds Weigh In On Jefferies Financial Group
Jefferies Financial Group Stock Performance
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 company has a market cap of $12.26 billion, a price-to-earnings ratio of 32.97 and a beta of 1.32. The company has a fifty day moving average of $56.42 and a two-hundred day moving average of $49.07.
Jefferies Financial Group (NYSE:JEF – Get Free Report) last released its quarterly earnings data on Wednesday, June 26th. The financial services provider reported $0.64 earnings per share for the quarter, beating 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 company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.59 billion. Jefferies Financial Group’s revenue for the quarter was up 59.6% on a year-over-year basis. During the same quarter last year, the business posted $0.29 EPS. Equities research analysts anticipate that Jefferies Financial Group Inc. will post 3.27 EPS for the current year.
Jefferies Financial Group Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were issued a dividend of $0.35 per share. The ex-dividend date was Monday, August 19th. This is an increase from Jefferies Financial Group’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a yield of 2.35%. Jefferies Financial Group’s payout ratio is presently 77.35%.
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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