Jefferies Financial Group (NYSE:JEF) Price Target Cut to $81.00 by Analysts at Oppenheimer

Jefferies Financial Group (NYSE:JEF) had its price objective cut by Oppenheimer from $82.00 to $81.00 in a report issued on Friday morning,Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

Other equities analysts have also recently issued research reports about the company. UBS Group started coverage on Jefferies Financial Group in a research note on Tuesday, September 17th. They issued a “buy” rating and a $67.00 price objective for the company. Morgan Stanley upgraded shares of Jefferies Financial Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $67.00 to $97.00 in a research note on Monday, December 9th.

Jefferies Financial Group Trading Up 2.5 %

NYSE:JEF opened at $81.00 on Friday. Jefferies Financial Group has a 12-month low of $38.77 and a 12-month high of $82.04. The firm has a market cap of $16.65 billion, a PE ratio of 34.62 and a beta of 1.35. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.53. The stock has a fifty day moving average price of $75.55 and a 200 day moving average price of $63.88.

Insider Transactions at Jefferies Financial Group

In related news, President Brian P. Friedman sold 247,326 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $65.20, for a total value of $16,125,655.20. Following the transaction, the president now directly owns 1,632,277 shares of the company’s stock, valued at $106,424,460.40. This trade represents a 13.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Richard B. Handler sold 400,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $72.26, for a total transaction of $28,904,000.00. Following the completion of the sale, the chief executive officer now directly owns 14,971,288 shares of the company’s stock, valued at approximately $1,081,825,270.88. This trade represents a 2.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,286,923 shares of company stock valued at $88,999,151. 20.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in JEF. Massachusetts Mutual Life Insurance Co. acquired a new stake in shares of Jefferies Financial Group in the third quarter valued at approximately $286,476,000. Lisanti Capital Growth LLC acquired a new stake in Jefferies Financial Group during the 3rd quarter worth $1,718,000. Victory Capital Management Inc. grew its position in Jefferies Financial Group by 45.5% during the 3rd quarter. Victory Capital Management Inc. now owns 89,605 shares of the financial services provider’s stock worth $5,515,000 after purchasing an additional 28,011 shares during the last quarter. Covenant Asset Management LLC acquired a new position in Jefferies Financial Group in the third quarter valued at $3,337,000. Finally, Oppenheimer & Co. Inc. raised its holdings in shares of Jefferies Financial Group by 2.7% in the third quarter. Oppenheimer & Co. Inc. now owns 299,297 shares of the financial services provider’s stock valued at $18,422,000 after buying an additional 7,889 shares during the last quarter. Hedge funds and other 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.