Jefferies Financial Group (NYSE:JEF – Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, September 27th. Analysts expect the company to announce earnings of $0.34 per share for the quarter.
Jefferies Financial Group (NYSE:JEF – Get Free Report) last posted its quarterly earnings results on Tuesday, June 27th. The financial services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.22). The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Jefferies Financial Group had a net margin of 9.21% and a return on equity of 6.23%. The firm’s quarterly revenue was down 22.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 EPS. On average, analysts expect Jefferies Financial Group to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Jefferies Financial Group Stock Down 0.2 %
JEF opened at $38.23 on Wednesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $8.44 billion, a price-to-earnings ratio of 19.70 and a beta of 1.43. The business has a 50-day moving average of $36.00 and a two-hundred day moving average of $33.09. Jefferies Financial Group has a 12 month low of $28.34 and a 12 month high of $40.80.
Jefferies Financial Group Dividend Announcement
Analyst Ratings Changes
A number of analysts have recently issued reports on JEF shares. Morgan Stanley upgraded Jefferies Financial Group from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $27.00 to $36.00 in a report on Wednesday, July 12th. StockNews.com started coverage on Jefferies Financial Group in a report on Thursday, August 17th. They set a “hold” rating for the company. TheStreet upgraded Jefferies Financial Group from a “c+” rating to a “b-” rating in a report on Monday, July 17th. The Goldman Sachs Group upgraded Jefferies Financial Group from a “buy” rating to a “conviction-buy” rating in a report on Tuesday, September 5th. Finally, Oppenheimer boosted their price target on Jefferies Financial Group from $39.00 to $43.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 6th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Jefferies Financial Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.
Check Out Our Latest Research Report on Jefferies Financial Group
Insider Buying and Selling
In related news, Chairman Joseph S. Steinberg sold 134,217 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $35.79, for a total transaction of $4,803,626.43. Following the transaction, the chairman now directly owns 15,744,184 shares of the company’s stock, valued at approximately $563,484,345.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Jefferies Financial Group news, Chairman Joseph S. Steinberg sold 225,311 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $35.87, for a total value of $8,081,905.57. Following the transaction, the chairman now directly owns 16,225,385 shares of the company’s stock, valued at approximately $582,004,559.95. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Joseph S. Steinberg sold 134,217 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $35.79, for a total value of $4,803,626.43. Following the completion of the transaction, the chairman now directly owns 15,744,184 shares in the company, valued at $563,484,345.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 578,320 shares of company stock valued at $20,948,017. Corporate insiders own 20.10% of the company’s stock.
Hedge Funds Weigh In On Jefferies Financial Group
Institutional investors have recently made changes to their positions in the business. Belpointe Asset Management LLC increased its holdings in shares of Jefferies Financial Group by 56.7% in the 1st quarter. Belpointe Asset Management LLC now owns 1,147 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 415 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in Jefferies Financial Group during the 2nd quarter worth $53,000. Covington Capital Management grew its stake in Jefferies Financial Group by 27.8% during the 3rd quarter. Covington Capital Management now owns 2,525 shares of the financial services provider’s stock worth $74,000 after buying an additional 550 shares during the last quarter. Covestor Ltd grew its stake in Jefferies Financial Group by 67.1% during the 1st quarter. Covestor Ltd now owns 2,756 shares of the financial services provider’s stock worth $91,000 after buying an additional 1,107 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC bought a new position in Jefferies Financial Group during the 4th quarter worth $103,000. 70.80% of the stock is owned by institutional investors and hedge funds.
About Jefferies Financial Group
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.
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