Oppenheimer Trims Jefferies Financial Group (JEF) Target Price to $30.00

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Jefferies Financial Group (NYSE:JEF) had its target price reduced by Oppenheimer from $32.00 to $30.00 in a research note issued to investors on Friday, The Fly reports. Oppenheimer also issued estimates for Jefferies Financial Group’s Q1 2019 earnings at $0.32 EPS, Q2 2019 earnings at $0.32 EPS, Q3 2019 earnings at $0.34 EPS and FY2020 earnings at $1.52 EPS.

Separately, Zacks Investment Research cut Jefferies Financial Group from a buy rating to a hold rating in a research report on Tuesday, January 8th.

NYSE:JEF opened at $19.09 on Friday. The firm has a market capitalization of $5.98 billion, a P/E ratio of 11.57 and a beta of 1.21. Jefferies Financial Group has a 12-month low of $16.20 and a 12-month high of $28.30. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.97.

Jefferies Financial Group (NYSE:JEF) last released its earnings results on Thursday, October 25th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.03). The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $869.80 million. Jefferies Financial Group had a net margin of 10.07% and a return on equity of 5.07%. Equities research analysts predict that Jefferies Financial Group will post 1.27 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 28th. Shareholders of record on Friday, February 15th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.62%. The ex-dividend date is Thursday, February 14th. Jefferies Financial Group’s payout ratio is 30.30%.

Large investors have recently made changes to their positions in the company. Paloma Partners Management Co lifted its stake in Jefferies Financial Group by 109.0% in the 3rd quarter. Paloma Partners Management Co now owns 159,388 shares of the financial services provider’s stock valued at $3,499,000 after buying an additional 83,137 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Jefferies Financial Group during the 2nd quarter worth $2,871,000. FMR LLC acquired a new stake in shares of Jefferies Financial Group during the 2nd quarter worth $1,280,000. Raymond James & Associates acquired a new stake in shares of Jefferies Financial Group during the 2nd quarter worth $6,278,000. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Jefferies Financial Group during the 2nd quarter worth $106,000. 76.96% of the stock is currently owned by institutional investors and hedge funds.

Jefferies Financial Group Company Profile

Jefferies Financial Group Inc, a financial services company, offers a range of products and services in investment banking, equities, fixed income, and wealth management in the Americas, Europe, and Asia. It engages in the debt capital market, equity capital market, merger and acquisition, private capital advisory, and restructuring and recapitalization businesses.

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