Guyasuta Investment Advisors Inc. Purchases New Shares in Jefferies Financial Group Inc. $JEF

Guyasuta Investment Advisors Inc. purchased a new position in Jefferies Financial Group Inc. (NYSE:JEFFree Report) during the third quarter, Holdings Channel.com reports. The firm purchased 15,000 shares of the financial services provider’s stock, valued at approximately $981,000.

Other hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Jefferies Financial Group by 159.3% in the second quarter. EverSource Wealth Advisors LLC now owns 892 shares of the financial services provider’s stock worth $49,000 after buying an additional 548 shares during the period. Bessemer Group Inc. lifted its position in shares of Jefferies Financial Group by 48.8% in the 2nd quarter. Bessemer Group Inc. now owns 912 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 299 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in Jefferies Financial Group by 3,577.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 993 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 966 shares during the period. Tripletail Wealth Management LLC purchased a new position in Jefferies Financial Group during the 3rd quarter worth approximately $69,000. Finally, BI Asset Management Fondsmaeglerselskab A S raised its stake in Jefferies Financial Group by 28.7% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,872 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 418 shares during the period. 60.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on JEF shares. The Goldman Sachs Group decreased their target price on Jefferies Financial Group from $84.00 to $74.00 and set a “buy” rating for the company in a research report on Tuesday, October 14th. Weiss Ratings restated a “hold (c-)” rating on shares of Jefferies Financial Group in a research report on Monday. UBS Group reaffirmed a “buy” rating on shares of Jefferies Financial Group in a research note on Tuesday. Zacks Research lowered shares of Jefferies Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Finally, Wall Street Zen upgraded shares of Jefferies Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, September 20th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $72.71.

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Jefferies Financial Group Stock Performance

Shares of JEF stock opened at $62.01 on Friday. Jefferies Financial Group Inc. has a fifty-two week low of $39.28 and a fifty-two week high of $82.68. The stock’s 50-day moving average is $58.02 and its two-hundred day moving average is $58.85. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market cap of $12.79 billion, a P/E ratio of 21.31 and a beta of 1.51.

Jefferies Financial Group (NYSE:JEFGet Free Report) last announced its quarterly earnings results on Monday, September 29th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.22. Jefferies Financial Group had a return on equity of 7.25% and a net margin of 7.40%.The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same period in the previous year, the company earned $0.75 EPS. The firm’s revenue was up 21.6% on a year-over-year basis. Analysts predict that Jefferies Financial Group Inc. will post 4.41 earnings per share for the current fiscal year.

Jefferies Financial Group Profile

(Free Report)

Jefferies Financial Group Inc is a diversified financial services company that provides a range of investment banking, capital markets and asset management services to corporations, governments and institutional investors worldwide. Through its core platform, Jefferies offers advisory services for mergers and acquisitions, debt and equity underwriting, restructuring and recapitalization. The firm also operates a global sales and trading business covering equities, fixed income and foreign exchange products, complemented by equity research and macroeconomic analysis.

In addition to its capital markets franchise, Jefferies maintains a growing asset management division that delivers customized investment solutions across public and private markets.

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Institutional Ownership by Quarter for Jefferies Financial Group (NYSE:JEF)

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