Jefferies Financial Group (NYSE:JEF) Coverage Initiated by Analysts at Keefe, Bruyette & Woods

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

JEF has been the topic of several other research reports. ValuEngine downgraded Zosano Pharma from a buy rating to a hold rating in a research note on Wednesday, May 1st. Zacks Investment Research downgraded Hudson Technologies from a hold rating to a sell rating in a research note on Monday, April 1st.

NYSE JEF opened at $21.37 on Thursday. The stock has a 50-day moving average of $18.93. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.37 and a quick ratio of 1.37. Jefferies Financial Group has a 52 week low of $16.20 and a 52 week high of $25.07. 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 (NYSE:JEF) last posted its quarterly earnings data on Wednesday, July 3rd. The financial services provider reported $0.41 EPS for the quarter, topping the consensus estimate of $0.24 by $0.17. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.01 billion. The firm’s quarterly revenue was up 20.9% compared to the same quarter last year. On average, analysts forecast that Jefferies Financial Group will post 1.34 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Monday, August 19th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.34%. The ex-dividend date is Friday, August 16th. Jefferies Financial Group’s dividend payout ratio (DPR) is presently 61.73%.

A number of institutional investors and hedge funds have recently modified their holdings of JEF. Norges Bank bought a new stake in Jefferies Financial Group during the 4th quarter valued at approximately $37,879,000. FMR LLC increased its stake in Jefferies Financial Group by 1,500.1% in the 1st quarter. FMR LLC now owns 1,240,071 shares of the financial services provider’s stock worth $23,301,000 after acquiring an additional 1,162,570 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Jefferies Financial Group by 21.3% in the 1st quarter. JPMorgan Chase & Co. now owns 2,284,214 shares of the financial services provider’s stock worth $42,920,000 after acquiring an additional 400,980 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Jefferies Financial Group by 15.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,648,568 shares of the financial services provider’s stock worth $45,984,000 after acquiring an additional 359,949 shares during the last quarter. Finally, Andra AP fonden bought a new stake in Jefferies Financial Group in the 1st quarter worth approximately $5,949,000. 76.02% of the stock is currently owned by 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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