Jefferies Financial Group (NYSE:JEF) Research Coverage Started at Keefe, Bruyette & Woods

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Keefe, Bruyette & Woods assumed coverage on shares of Jefferies Financial Group (NYSE:JEF) in a report released on Thursday, BenzingaRatingsTable reports. The firm issued a market perform rating and a $23.00 price objective on the financial services provider’s stock.

A number of other equities research analysts have also recently commented on the company. Zacks Investment Research cut Hudson Technologies from a hold rating to a sell rating in a research note on Monday, April 1st. ValuEngine cut Zosano Pharma from a buy rating to a hold rating in a research note on Wednesday, May 1st.

JEF opened at $21.37 on Thursday. The business has a fifty day moving average price of $18.93. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market capitalization of $6.41 billion, a P/E ratio of 14.74 and a beta of 1.40. Jefferies Financial Group has a 12-month low of $16.20 and a 12-month high of $25.07.

Jefferies Financial Group (NYSE:JEF) last released its earnings results on Wednesday, July 3rd. The financial services provider reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.17. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Jefferies Financial Group’s quarterly revenue was up 20.9% compared to the same quarter last year. On average, sell-side analysts predict that Jefferies Financial Group will post 1.34 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Monday, August 19th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.34%. Jefferies Financial Group’s dividend payout ratio is currently 61.73%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quinn Opportunity Partners LLC purchased a new stake in shares of Jefferies Financial Group in the first quarter worth $1,654,000. Janus Henderson Group PLC boosted its position in shares of Jefferies Financial Group by 177.0% during the first quarter. Janus Henderson Group PLC now owns 209,072 shares of the financial services provider’s stock valued at $3,929,000 after buying an additional 133,593 shares during the last quarter. Worldquant Millennium Quantitative Strategies LLC boosted its position in shares of Jefferies Financial Group by 27.3% during the fourth quarter. Worldquant Millennium Quantitative Strategies LLC now owns 30,704 shares of the financial services provider’s stock valued at $533,000 after buying an additional 6,593 shares during the last quarter. Raymond James & Associates boosted its position in shares of Jefferies Financial Group by 16.7% during the first quarter. Raymond James & Associates now owns 408,052 shares of the financial services provider’s stock valued at $7,667,000 after buying an additional 58,508 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Jefferies Financial Group by 246.1% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 261,507 shares of the financial services provider’s stock valued at $4,914,000 after buying an additional 185,946 shares during the last quarter. 76.02% of the stock is currently owned by hedge funds and other institutional investors.

About Jefferies Financial Group

Jefferies Financial Group Inc, a financial services company, engages in investment banking and capital markets, asset management, and direct investing businesses in the Americas, Europe, and Asia. the company also offers equities research, sales, and trading services; equity finance services comprising financing, securities lending, and other prime brokerage services; and wealth management services to high net worth individuals, their families and businesses, private equity and venture funds, and small institutions.

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