Jefferies Financial Group Inc (NYSE:JEF) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $19.15 and last traded at $19.37, with a volume of 307584 shares. The stock had previously closed at $20.11.
JEF has been the topic of several analyst reports. Keefe, Bruyette & Woods initiated coverage on shares of Jefferies Financial Group in a research note on Monday, August 20th. They set an “outperform” rating and a $29.00 price target on the stock. Zacks Investment Research lowered shares of Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, September 7th.
The company has a market capitalization of $6.32 billion, a P/E ratio of 11.53 and a beta of 1.03. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.97.
Jefferies Financial Group (NYSE:JEF) last posted its earnings results on Thursday, October 25th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). Jefferies Financial Group had a net margin of 10.07% and a return on equity of 5.07%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $869.80 million. On average, equities research analysts forecast that Jefferies Financial Group Inc will post 1.27 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Monday, November 19th were paid a $0.125 dividend. The ex-dividend date was Friday, November 16th. This represents a $0.50 dividend on an annualized basis and a yield of 2.63%. Jefferies Financial Group’s payout ratio is presently 30.30%.
A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in Jefferies Financial Group in the 2nd quarter valued at $472,764,000. Baillie Gifford & Co. grew its stake in Jefferies Financial Group by 1.0% in the 3rd quarter. Baillie Gifford & Co. now owns 13,799,592 shares of the financial services provider’s stock valued at $303,039,000 after buying an additional 130,441 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Jefferies Financial Group in the 2nd quarter valued at $260,247,000. Great West Life Assurance Co. Can acquired a new position in Jefferies Financial Group in the 2nd quarter valued at $134,713,000. Finally, Sterling Capital Management LLC acquired a new position in Jefferies Financial Group in the 2nd quarter valued at $99,637,000. Institutional investors and hedge funds own 76.98% of the company’s stock.
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About Jefferies Financial Group (NYSE:JEF)
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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