Jefferies Financial Group (NYSE:JEF) Now Covered by UBS Group

Investment analysts at UBS Group started coverage on shares of Jefferies Financial Group (NYSE:JEF) in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The firm set a “buy” rating and a $67.00 price target on the financial services provider’s stock. UBS Group’s target price would indicate a potential upside of 10.25% from the company’s current price.

A number of other brokerages have also weighed in on JEF. StockNews.com lowered Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, June 21st. Oppenheimer increased their price target on shares of Jefferies Financial Group from $64.00 to $66.00 and gave the company an “outperform” rating in a report on Friday, September 13th. Finally, Morgan Stanley increased their price target on shares of Jefferies Financial Group from $44.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd.

Jefferies Financial Group Stock Down 0.1 %

Shares of JEF opened at $60.77 on Tuesday. The business’s 50 day moving average is $56.61 and its 200 day moving average is $49.20. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.28. Jefferies Financial Group has a 12-month low of $31.38 and a 12-month high of $62.04. The company has a market capitalization of $12.49 billion, a PE ratio of 33.83 and a beta of 1.32.

Jefferies Financial Group (NYSE:JEF) last released its earnings results on Wednesday, June 26th. The financial services provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.63 by $0.01. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.59 billion. Jefferies Financial Group had a net margin of 7.82% and a return on equity of 5.37%. The company’s quarterly revenue was up 59.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 earnings per share. Research analysts expect that Jefferies Financial Group will post 3.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Jefferies Financial Group

Several institutional investors have recently bought and sold shares of the business. Massmutual Trust Co. FSB ADV grew its holdings in 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 purchasing an additional 224 shares during the last quarter. United Services Automobile Association grew its holdings in Jefferies Financial Group by 2.0% in the second quarter. United Services Automobile Association now owns 13,219 shares of the financial services provider’s stock worth $658,000 after purchasing an additional 264 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Jefferies Financial Group by 4.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,765 shares of the financial services provider’s stock worth $337,000 after purchasing an additional 295 shares during the last quarter. Raymond James Trust N.A. grew its holdings in shares of Jefferies Financial Group by 1.9% during the second quarter. Raymond James Trust N.A. now owns 16,800 shares of the financial services provider’s stock valued at $836,000 after buying an additional 317 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Jefferies Financial Group by 5.0% during the first quarter. UMB Bank n.a. now owns 7,640 shares of the financial services provider’s stock valued at $337,000 after buying an additional 364 shares during the last quarter. 60.88% of the stock is owned by hedge funds and other institutional investors.

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.