Jefferies Financial Group (NYSE:JEF) Upgraded by Zacks Investment Research to “Strong-Buy”

Jefferies Financial Group (NYSE:JEFGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday, Zacks.com reports. The firm currently has a $37.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s price target indicates a potential upside of 17.68% from the company’s previous close.

According to Zacks, “Jefferies Financial Group Inc. is a diversified financial services company. It engaged in investment banking and capital markets, merchant banking and an alternative asset management platform. The company’s financial service businesses are Berkadia which provide commercial mortgage banking, investment sales and servicing; Leucadia Asset Management provide asset management; HomeFed provide a publicly traded real estate company, FXCM provides online foreign exchange trading services and Foursight Capital provide vehicle finance. Jefferies Financial Group Inc. formerly known as Leucadia National Corporation is based in New York, United States. “

JEF has been the subject of a number of other research reports. StockNews.com assumed coverage on shares of Jefferies Financial Group in a research report on Thursday, March 31st. They set a “hold” rating for the company. Oppenheimer lowered their target price on shares of Jefferies Financial Group from $52.00 to $47.00 and set an “outperform” rating on the stock in a research note on Friday, March 18th. Finally, Morgan Stanley lowered their target price on shares of Jefferies Financial Group from $40.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 8th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Jefferies Financial Group presently has a consensus rating of “Buy” and an average price target of $42.00.

Jefferies Financial Group stock opened at $31.44 on Wednesday. The company’s fifty day simple moving average is $32.26 and its 200-day simple moving average is $36.52. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 1.01. Jefferies Financial Group has a 12 month low of $28.99 and a 12 month high of $44.47. The stock has a market cap of $7.53 billion, a P/E ratio of 6.01 and a beta of 1.35.

Jefferies Financial Group (NYSE:JEFGet Rating) last released its quarterly earnings data on Monday, March 28th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.32. Jefferies Financial Group had a net margin of 19.09% and a return on equity of 14.13%. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the business earned $2.14 EPS. Jefferies Financial Group’s quarterly revenue was down 30.4% compared to the same quarter last year. On average, equities research analysts expect that Jefferies Financial Group will post 3.83 earnings per share for the current fiscal year.

In other news, Director Thomas W. Jones purchased 10,000 shares of the business’s stock in a transaction on Wednesday, March 30th. The stock was purchased at an average price of $33.48 per share, for a total transaction of $334,800.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kane Michael T. O sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, April 19th. The stock was sold at an average price of $33.39, for a total transaction of $200,340.00. Following the sale, the director now owns 97,138 shares of the company’s stock, valued at approximately $3,243,437.82. The disclosure for this sale can be found here. Company insiders own 17.90% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Country Club Bank GFN acquired a new stake in shares of Jefferies Financial Group during the 1st quarter worth about $205,000. Moody Aldrich Partners LLC raised its stake in Jefferies Financial Group by 32.4% in the 1st quarter. Moody Aldrich Partners LLC now owns 13,028 shares of the financial services provider’s stock worth $428,000 after purchasing an additional 3,185 shares in the last quarter. Sculati Wealth Management LLC raised its stake in Jefferies Financial Group by 10.4% in the 1st quarter. Sculati Wealth Management LLC now owns 47,275 shares of the financial services provider’s stock worth $1,553,000 after purchasing an additional 4,440 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in Jefferies Financial Group by 29.7% in the 1st quarter. Mercer Global Advisors Inc. ADV now owns 20,598 shares of the financial services provider’s stock worth $677,000 after purchasing an additional 4,715 shares in the last quarter. Finally, Steel Peak Wealth Management LLC raised its stake in Jefferies Financial Group by 104.1% in the 1st quarter. Steel Peak Wealth Management LLC now owns 78,452 shares of the financial services provider’s stock worth $2,577,000 after purchasing an additional 40,015 shares in the last quarter. Institutional investors own 69.79% of the company’s stock.

About Jefferies Financial Group (Get Rating)

Jefferies Financial Group Inc engages in the investment banking and capital markets, and asset management businesses in the Americas, Europe, the 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, advisory services with respect to mergers or acquisitions, restructurings or recapitalizations and private capital advisory transactions; equity and debt underwriting; and corporate lending.

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