Brokerages set Jefferies Financial Group Inc. (NYSE:JEF) price target at $38.50

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Shares of Jefferies Financial Group Inc. (NYSE:JEF – Get Rating) received a consensus rating of “moderate buy” from the five research firms that currently cover the stock, reports MarketBeat Ratings. Two investment analysts rated the stock with a hold recommendation and two gave the company a buy recommendation. The average 1-year price target among brokers who have reported on the stock in the past year is $38.50.

A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods cut their target price on shares of Jefferies Financial Group from $33.00 to $30.00 in a research report on Tuesday. Oppenheimer cut his price target on Jefferies Financial Group shares from $50.00 to $47.00 and set an “outperform” rating for the company in a Tuesday, June 7 research report. Morgan Stanley cut its target price on shares of Jefferies Financial Group from $33.00 to $32.00 and set an “equal weight” rating for the company in a research report Tuesday. Finally, StockNews.com took over coverage of Jefferies Financial Group stocks in a Thursday, March 31 research report. They set a “holding” rating for the company.

In other news, Kane manager Michael T. O sold 6,000 shares of the company in a trade dated Tuesday, April 19. The shares were sold at an average price of $33.39, for a total transaction of $200,340.00. Following the completion of the transaction, the director now owns 97,138 shares of the company, valued at $3,243,437.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. 17.90% of the shares are currently held by company insiders.

Several institutional investors and hedge funds have recently changed their positions in JEF. Moors & Cabot Inc. acquired a new position in Jefferies Financial Group in the third quarter worth approximately $25,000. JCIC Asset Management Inc. acquired a new position in Jefferies Financial Group in the fourth quarter worth approximately $25,000. Allworth Financial LP acquired a new position in Jefferies Financial Group in the first quarter worth approximately $26,000. Hanson & Doremus Investment Management acquired a new position in Jefferies Financial Group in the first quarter worth approximately $27,000. Finally, First Horizon Advisors Inc. increased its position in Jefferies Financial Group by 119.6% in the fourth quarter. First Horizon Advisors Inc. now owns 830 shares of the financial services provider worth $31,000 after buying an additional 452 shares in the last quarter. 69.79% of the shares are held by institutional investors and hedge funds.

NYSE:JEF shares opened at $27.93 on Wednesday. The stock has a market capitalization of $6.69 billion, a PE ratio of 5.34 and a beta of 1.34. Jefferies Financial Group has a 1-year low of $25.88 and a 1-year high of $44.47. The company has a fifty-day moving average price of $30.32 and a 200-day moving average price of $33.63. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt ratio of 1.01.

Jefferies Financial Group (NYSE:JEF – Get Rating) last released quarterly earnings data on Monday, June 27. The financial services provider reported earnings per share (EPS) of $0.45 for the quarter, missing analyst consensus estimates of $0.51 per ($0.06). The company posted revenue of $1.37 billion in the quarter, versus a consensus estimate of $1.26 billion. Jefferies Financial Group achieved a return on equity of 14.13% and a net margin of 19.09%. The company’s revenue for the quarter was down 29.8% year over year. In the same quarter a year earlier, the company posted earnings per share of $1.31. On average, sell-side analysts expect Jefferies Financial Group to post earnings per share of 3.37 for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 26. Shareholders of record on Monday, August 15 will receive a dividend of $0.30 per share. This represents a dividend of $1.20 on an annualized basis and a dividend yield of 4.30%. The ex-dividend date is Friday, August 12. Jefferies Financial Group’s dividend payout ratio is currently 22.94%.

About Jefferies Financial Group (Get an evaluation)

Jefferies Financial Group Inc is active in investment banking and capital markets, and asset management in the Americas, Europe, Middle East, Africa and Asia. The Company operates in investment banking and capital markets, asset management, merchant banking and corporate segments. It provides investment banking services, advisory services relating to mergers or acquisitions, restructurings or recapitalizations and private equity operations advisory; underwriting of equity and debt; and business loans.

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