Jefferies Financial Group (JEF) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research downgraded shares of Jefferies Financial Group (NYSE:JEF) from a buy rating to a hold rating in a report released on Tuesday.

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. “

NYSE JEF opened at $19.09 on Tuesday. Jefferies Financial Group has a one year low of $16.20 and a one year high of $28.30. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market capitalization of $5.98 billion, a P/E ratio of 11.57 and a beta of 1.21.

Jefferies Financial Group (NYSE:JEF) last posted its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.03). Jefferies Financial Group had a net margin of 10.07% and a return on equity of 5.07%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $869.80 million. On average, sell-side analysts forecast that Jefferies Financial Group will post 1.27 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 28th. Shareholders of record on Friday, February 15th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Thursday, February 14th. Jefferies Financial Group’s dividend payout ratio (DPR) is presently 30.30%.

Several institutional investors and hedge funds have recently modified their holdings of the business. American International Group Inc. increased its stake in shares of Jefferies Financial Group by 1.4% in the 3rd quarter. American International Group Inc. now owns 182,674 shares of the financial services provider’s stock worth $4,012,000 after acquiring an additional 2,457 shares during the last quarter. DNB Asset Management AS increased its stake in shares of Jefferies Financial Group by 7.1% in the 3rd quarter. DNB Asset Management AS now owns 42,140 shares of the financial services provider’s stock worth $925,000 after acquiring an additional 2,800 shares during the last quarter. LPL Financial LLC increased its position in shares of Jefferies Financial Group by 23.5% during the 3rd quarter. LPL Financial LLC now owns 16,338 shares of the financial services provider’s stock worth $359,000 after purchasing an additional 3,111 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Jefferies Financial Group during the 2nd quarter worth about $106,000. Finally, Palo Capital Inc. acquired a new stake in shares of Jefferies Financial Group during the 3rd quarter worth about $108,000. 76.96% of the stock is owned by institutional investors and hedge funds.

About Jefferies Financial Group

Jefferies Financial Group Inc, a financial services company, offers a range of products and services in investment banking, equities, fixed income, and wealth management in the Americas, Europe, and Asia. It engages in the debt capital market, equity capital market, merger and acquisition, private capital advisory, and restructuring and recapitalization businesses.

Further Reading: Fundamental Analysis and Individual Investors

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