Jefferies Financial Group (NYSE:JEF) Price Target Raised to $83.00 at Oppenheimer

Jefferies Financial Group (NYSE:JEF) had its price objective hoisted by research analysts at Oppenheimer from $73.00 to $83.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Oppenheimer’s target price indicates a potential upside of 11.88% from the company’s previous close.

Other research analysts have also issued research reports about the company. UBS Group initiated coverage on Jefferies Financial Group in a report on Tuesday, September 17th. They set a “buy” rating and a $67.00 price objective on the stock. Morgan Stanley upped their price target on Jefferies Financial Group from $59.00 to $64.00 and gave the stock an “equal weight” rating in a report on Monday, September 23rd.

Jefferies Financial Group Trading Up 0.9 %

NYSE:JEF opened at $74.19 on Thursday. The stock’s 50-day moving average is $64.40 and its two-hundred day moving average is $55.66. Jefferies Financial Group has a fifty-two week low of $34.34 and a fifty-two week high of $75.81. The stock has a market cap of $15.24 billion, a PE ratio of 31.70 and a beta of 1.31. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.03 and a quick ratio of 1.03.

Jefferies Financial Group (NYSE:JEF) last issued its earnings results on Wednesday, September 25th. The financial services provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Jefferies Financial Group had a net margin of 9.27% and a return on equity of 6.40%. The business’s revenue for the quarter was up 42.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.32 EPS. As a group, equities research analysts forecast that Jefferies Financial Group will post 3.13 earnings per share for the current fiscal year.

Insider Buying and Selling at Jefferies Financial Group

In other news, Director Mitsui Financial Grou Sumitomo purchased 9,247,081 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was purchased at an average cost of $59.67 per share, with a total value of $551,773,323.27. Following the acquisition, the director now directly owns 9,247,081 shares of the company’s stock, valued at approximately $551,773,323.27. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Brian P. Friedman sold 200,000 shares of the company’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $63.09, for a total transaction of $12,618,000.00. Following the sale, the president now directly owns 604,606 shares in the company, valued at $38,144,592.54. This represents a 24.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,286,923 shares of company stock valued at $88,999,151 in the last 90 days. 20.40% of the stock is currently owned by company insiders.

Institutional Trading of Jefferies Financial Group

Large investors have recently made changes to their positions in the business. Sei Investments Co. lifted its position in Jefferies Financial Group by 92.2% during the 1st quarter. Sei Investments Co. now owns 376,597 shares of the financial services provider’s stock worth $16,608,000 after buying an additional 180,702 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Jefferies Financial Group by 4.3% during the 1st quarter. Russell Investments Group Ltd. now owns 410,988 shares of the financial services provider’s stock worth $18,129,000 after buying an additional 16,909 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in Jefferies Financial Group by 5.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 263,504 shares of the financial services provider’s stock valued at $11,621,000 after buying an additional 14,612 shares during the last quarter. Kingsview Wealth Management LLC increased its stake in shares of Jefferies Financial Group by 16.7% in the 1st quarter. Kingsview Wealth Management LLC now owns 6,279 shares of the financial services provider’s stock valued at $277,000 after buying an additional 897 shares during the period. Finally, Tocqueville Asset Management L.P. bought a new stake in shares of Jefferies Financial Group during the first quarter worth $2,722,000. Institutional investors own 60.88% of the company’s stock.

Jefferies Financial Group Company Profile

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.