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

Jefferies Financial Group (NYSE:JEF - Get Free Report) had its price objective raised by research analysts at Oppenheimer from $73.00 to $83.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the financial services provider's stock. Oppenheimer's price objective indicates a potential upside of 12.65% from the stock's current price.

A number of other equities analysts also recently issued reports on the company. UBS Group started coverage on Jefferies Financial Group in a research report on Tuesday, September 17th. They set a "buy" rating and a $67.00 price objective for the company. Morgan Stanley boosted their price target on shares of Jefferies Financial Group from $59.00 to $64.00 and gave the stock an "equal weight" rating in a research report on Monday, September 23rd.

Jefferies Financial Group Trading Down 1.2 %

Shares of NYSE:JEF traded down $0.90 during midday trading on Thursday, hitting $73.68. 808,513 shares of the stock were exchanged, compared to its average volume of 1,264,968. The business's 50-day moving average price is $63.72 and its 200 day moving average price is $55.32. Jefferies Financial Group has a 12 month low of $34.34 and a 12 month high of $75.81. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $15.14 billion, a price-to-earnings ratio of 31.64 and a beta of 1.31.

Jefferies Financial Group (NYSE:JEF - Get Free Report) last released its quarterly earnings results on Wednesday, September 25th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.03). The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.71 billion. Jefferies Financial Group had a net margin of 9.27% and a return on equity of 6.40%. Jefferies Financial Group's revenue was up 42.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 EPS. Analysts predict that Jefferies Financial Group will post 3.13 earnings per share for the current year.

Insider Transactions at Jefferies Financial Group

In other news, Director Robert D. Beyer sold 46,200 shares of the company's stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $64.07, for a total transaction of $2,960,034.00. Following the transaction, the director now owns 100,375 shares in the company, valued at approximately $6,431,026.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Jefferies Financial Group news, Director Mitsui Financial Grou Sumitomo purchased 9,247,081 shares of Jefferies Financial Group stock in a transaction that occurred on Thursday, September 19th. The stock was acquired at an average price of $59.67 per share, with a total value of $551,773,323.27. Following the transaction, the director now owns 9,247,081 shares in the company, valued at $551,773,323.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert D. Beyer sold 46,200 shares of the firm's stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $64.07, for a total transaction of $2,960,034.00. Following the completion of the transaction, the director now directly owns 100,375 shares in the company, valued at $6,431,026.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,286,923 shares of company stock valued at $88,999,151 in the last quarter. 20.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Jefferies Financial Group

Large investors have recently added to or reduced their stakes in the business. Rothschild Investment LLC bought a new stake in shares of Jefferies Financial Group in the second quarter valued at approximately $25,000. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Jefferies Financial Group by 75.7% in the second quarter. Massmutual Trust Co. FSB ADV now owns 520 shares of the financial services provider's stock worth $26,000 after acquiring an additional 224 shares during the period. Versant Capital Management Inc grew its position in shares of Jefferies Financial Group by 1,993.8% in the second quarter. Versant Capital Management Inc now owns 670 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 638 shares in the last quarter. Eastern Bank bought a new stake in shares of Jefferies Financial Group during the 3rd quarter valued at $42,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Jefferies Financial Group in the 2nd quarter worth about $48,000. 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.