Jefferies Financial Group (NYSE:JEF) Reaches New 12-Month High at $43.38

Shares of Jefferies Financial Group Inc. (NYSE:JEF) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $43.38 and last traded at $43.10, with a volume of 9336 shares changing hands. The stock had previously closed at $42.77.

A number of equities research analysts have issued reports on the company. Oppenheimer boosted their price target on Jefferies Financial Group from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, October 1st. The Goldman Sachs Group began coverage on Jefferies Financial Group in a research note on Monday, September 20th. They issued a “buy” rating and a $45.00 price target on the stock. Finally, Zacks Investment Research upgraded Jefferies Financial Group from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Thursday, September 30th.

The firm has a market capitalization of $10.58 billion, a P/E ratio of 7.68 and a beta of 1.49. The business has a fifty day moving average of $37.18 and a 200-day moving average of $34.05. The company has a debt-to-equity ratio of 1.10, a quick ratio of 2.31 and a current ratio of 2.31.

Jefferies Financial Group (NYSE:JEF) last issued its quarterly earnings results on Wednesday, September 29th. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.51. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.74 billion. Jefferies Financial Group had a return on equity of 16.08% and a net margin of 19.62%. The firm’s quarterly revenue was up 20.0% on a year-over-year basis. During the same period last year, the company posted $1.07 EPS. On average, equities research analysts forecast that Jefferies Financial Group Inc. will post 4.76 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 29th. Shareholders of record on Monday, November 15th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Friday, November 12th. Jefferies Financial Group’s payout ratio is currently 37.74%.

In other news, Chairman Joseph S. Steinberg sold 97,033 shares of the stock in a transaction on Monday, August 9th. The stock was sold at an average price of $35.05, for a total value of $3,401,006.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Joseph S. Steinberg sold 2,967 shares of the stock in a transaction on Friday, August 6th. The shares were sold at an average price of $35.05, for a total value of $103,993.35. The disclosure for this sale can be found here. 17.10% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Jefferies Financial Group by 1.2% during the second quarter. Vanguard Group Inc. now owns 22,882,583 shares of the financial services provider’s stock worth $782,584,000 after buying an additional 268,227 shares during the last quarter. BlackRock Inc. increased its position in Jefferies Financial Group by 3.5% during the second quarter. BlackRock Inc. now owns 19,048,155 shares of the financial services provider’s stock worth $651,446,000 after buying an additional 640,256 shares during the last quarter. State Street Corp increased its position in Jefferies Financial Group by 10.3% during the second quarter. State Street Corp now owns 5,521,486 shares of the financial services provider’s stock worth $188,835,000 after buying an additional 514,007 shares during the last quarter. First Trust Advisors LP increased its position in Jefferies Financial Group by 55.3% during the second quarter. First Trust Advisors LP now owns 4,024,467 shares of the financial services provider’s stock worth $137,637,000 after buying an additional 1,433,766 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in Jefferies Financial Group by 890.3% during the second quarter. Alliancebernstein L.P. now owns 3,382,192 shares of the financial services provider’s stock worth $115,671,000 after buying an additional 3,040,665 shares during the last quarter. 68.38% of the stock is currently owned by hedge funds and other institutional investors.

About Jefferies Financial Group (NYSE:JEF)

Jefferies Financial Group, Inc is a holding company, which engages in the provision of financial services. It operates through the following segments: Investment Banking, Capital Markets, and Asset Management; Merchant Banking; and Corporate segments. The Investment Banking, Capital Markets, and Asset Management segment consists of investments in Jefferies Group.

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