Jefferies Financial Group Inc. (NYSE:JEF) Short Interest Down 14.5% in May

Jefferies Financial Group Inc. (NYSE:JEFGet Rating) saw a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 7,200,000 shares, a decrease of 14.5% from the May 15th total of 8,420,000 shares. Approximately 3.8% of the company’s shares are short sold. Based on an average daily volume of 1,620,000 shares, the days-to-cover ratio is currently 4.4 days.

A number of brokerages have recently issued reports on JEF. StockNews.com assumed coverage on Jefferies Financial Group in a research report on Thursday, March 31st. They set a “hold” rating for the company. Morgan Stanley decreased their price target on Jefferies Financial Group from $40.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 8th. Finally, Oppenheimer cut their price objective on Jefferies Financial Group from $50.00 to $47.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 7th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $43.25.

In other Jefferies Financial Group news, Director Thomas W. Jones purchased 10,000 shares of Jefferies Financial Group stock in a transaction that occurred on Wednesday, March 30th. The stock was acquired at an average price of $33.48 per share, for a total transaction of $334,800.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kane Michael T. O sold 6,000 shares of Jefferies Financial Group stock in a transaction that occurred on Tuesday, April 19th. The shares were sold at an average price of $33.39, for a total transaction of $200,340.00. Following the completion of the sale, the director now owns 97,138 shares of the company’s stock, valued at $3,243,437.82. The disclosure for this sale can be found here. Corporate insiders own 17.90% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Rehmann Capital Advisory Group increased its position in Jefferies Financial Group by 1.7% in the first quarter. Rehmann Capital Advisory Group now owns 33,245 shares of the financial services provider’s stock worth $1,091,000 after buying an additional 549 shares in the last quarter. Verition Fund Management LLC boosted its stake in Jefferies Financial Group by 9.7% during the first quarter. Verition Fund Management LLC now owns 155,148 shares of the financial services provider’s stock valued at $5,097,000 after buying an additional 13,749 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Jefferies Financial Group during the first quarter valued at approximately $792,000. M Holdings Securities Inc. bought a new position in Jefferies Financial Group during the first quarter valued at approximately $1,623,000. Finally, Eubel Brady & Suttman Asset Management Inc. boosted its stake in Jefferies Financial Group by 3.4% during the first quarter. Eubel Brady & Suttman Asset Management Inc. now owns 397,647 shares of the financial services provider’s stock valued at $13,063,000 after buying an additional 13,072 shares during the last quarter. Hedge funds and other institutional investors own 69.79% of the company’s stock.

Shares of NYSE JEF traded up $0.17 during mid-day trading on Friday, hitting $26.49. 39,785 shares of the stock traded hands, compared to its average volume of 1,171,313. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.87 and a current ratio of 1.87. The stock has a fifty day moving average price of $31.43 and a 200-day moving average price of $34.47. Jefferies Financial Group has a 52 week low of $25.88 and a 52 week high of $44.47. The company has a market cap of $6.34 billion, a price-to-earnings ratio of 5.03 and a beta of 1.34.

Jefferies Financial Group (NYSE:JEFGet Rating) last released its earnings results on Monday, March 28th. The financial services provider reported $1.24 EPS for the quarter, topping the consensus estimate of $0.92 by $0.32. Jefferies Financial Group had a return on equity of 14.13% and a net margin of 19.09%. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the previous year, the company posted $2.14 earnings per share. The company’s revenue for the quarter was down 30.4% compared to the same quarter last year. As a group, sell-side analysts predict that Jefferies Financial Group will post 3.37 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 27th. Stockholders of record on Monday, May 16th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend was Friday, May 13th. Jefferies Financial Group’s dividend payout ratio is currently 22.94%.

About Jefferies Financial Group (Get Rating)

Jefferies Financial Group Inc engages in the investment banking and capital markets, and asset management businesses in the Americas, Europe, the Middle East, Africa, and Asia. The company operates in Investment Banking and Capital Markets, Asset Management, Merchant Banking, and Corporate segments. It provides investment banking, advisory services with respect to mergers or acquisitions, restructurings or recapitalizations and private capital advisory transactions; equity and debt underwriting; and corporate lending.

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