Jefferies Financial Group (NYSE:JEF) Stock Rating Lowered by Zacks Research

Jefferies Financial Group (NYSE:JEF - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a report released on Monday,Zacks.com reports.

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JEF has been the subject of a number of other research reports. Wall Street Zen upgraded shares of Jefferies Financial Group from a "sell" rating to a "hold" rating in a research report on Saturday, September 20th. The Goldman Sachs Group lowered their target price on Jefferies Financial Group from $84.00 to $74.00 and set a "buy" rating for the company in a research note on Tuesday, October 14th. Telsey Advisory Group set a $74.00 price target on Jefferies Financial Group in a research note on Tuesday, September 30th. Capital One Financial set a $55.00 price objective on Jefferies Financial Group in a research report on Friday, October 17th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Jefferies Financial Group in a research report on Monday. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Jefferies Financial Group has an average rating of "Hold" and a consensus price target of $68.83.

Get Our Latest Stock Report on Jefferies Financial Group

Jefferies Financial Group Stock Performance

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Jefferies Financial Group stock opened at $56.85 on Monday. The stock has a 50-day simple moving average of $56.50 and a 200 day simple moving average of $57.22. The stock has a market capitalization of $11.73 billion, a price-to-earnings ratio of 19.54 and a beta of 1.53. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.76. Jefferies Financial Group has a 12-month low of $39.28 and a 12-month high of $82.68.

Jefferies Financial Group (NYSE:JEF - Get Free Report) last posted its quarterly earnings data on Monday, September 29th. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.22. Jefferies Financial Group had a net margin of 7.40% and a return on equity of 7.25%. The firm had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $1.75 billion. During the same quarter last year, the company posted $0.75 EPS. The company's quarterly revenue was up 21.6% compared to the same quarter last year. On average, research analysts anticipate that Jefferies Financial Group will post 4.41 earnings per share for the current fiscal year.

Institutional Trading of Jefferies Financial Group

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A number of large investors have recently made changes to their positions in the company. Parallel Advisors LLC lifted its holdings in Jefferies Financial Group by 1.8% during the third quarter. Parallel Advisors LLC now owns 10,546 shares of the financial services provider's stock worth $690,000 after acquiring an additional 187 shares in the last quarter. Rothschild Investment LLC raised its position in shares of Jefferies Financial Group by 34.7% during the third quarter. Rothschild Investment LLC now owns 741 shares of the financial services provider's stock worth $48,000 after purchasing an additional 191 shares during the period. Louisiana State Employees Retirement System lifted its holdings in shares of Jefferies Financial Group by 0.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 45,800 shares of the financial services provider's stock valued at $2,505,000 after purchasing an additional 200 shares in the last quarter. State of Michigan Retirement System grew its position in shares of Jefferies Financial Group by 0.5% in the 2nd quarter. State of Michigan Retirement System now owns 39,216 shares of the financial services provider's stock valued at $2,145,000 after purchasing an additional 200 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in Jefferies Financial Group by 1.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 15,811 shares of the financial services provider's stock worth $1,034,000 after purchasing an additional 206 shares in the last quarter. Institutional investors own 60.88% of the company's stock.

About Jefferies Financial Group

Jefferies Financial Group Inc operates as an investment banking and capital markets firm in the Americas, Europe, the Middle East, and the Asia-Pacific. The company operates in two segments, Investment Banking and Capital Markets, and Asset Management. It provides investment banking, advisory services with respect to mergers or acquisitions, debt financing, restructurings or recapitalizations, and private capital advisory transactions; underwriting and placement services related to corporate debt, municipal bonds, mortgage-backed and asset-backed securities, equity and equity-linked securities, and loan syndication services; and corporate lending services.

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