Fintel reports that on July 12, 2023, Morgan Stanley upgraded their outlook for Jefferies Financial Group (NYSE:JEF) from Underweight to Equal-Weight .
Analyst Price Forecast Suggests 0.91% Upside
As of July 6, 2023, the average one-year price target for Jefferies Financial Group is 33.92. The forecasts range from a low of 27.27 to a high of $40.95. The average price target represents an increase of 0.91% from its latest reported closing price of 33.61.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Jefferies Financial Group is 5,574MM, an increase of 2.64%. The projected annual non-GAAP EPS is 3.71.
What is the Fund Sentiment?
There are 887 funds or institutions reporting positions in Jefferies Financial Group. This is a decrease of 7 owner(s) or 0.78% in the last quarter. Average portfolio weight of all funds dedicated to JEF is 0.30%, an increase of 4.57%. Total shares owned by institutions decreased in the last three months by 2.48% to 166,809K shares. 
The put/call ratio of JEF is 0.91, indicating a bullish outlook.
What are Other Shareholders Doing?
Sumitomo Mitsui Financial Group holds 10,500K shares representing 4.50% ownership of the company. No change in the last quarter.
First Pacific Advisors holds 5,604K shares representing 2.40% ownership of the company. In it's prior filing, the firm reported owning 5,701K shares, representing a decrease of 1.74%. The firm decreased its portfolio allocation in JEF by 7.83% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 5,582K shares representing 2.39% ownership of the company. In it's prior filing, the firm reported owning 5,657K shares, representing a decrease of 1.35%. The firm decreased its portfolio allocation in JEF by 12.56% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,925K shares representing 2.11% ownership of the company. In it's prior filing, the firm reported owning 4,879K shares, representing an increase of 0.93%. The firm decreased its portfolio allocation in JEF by 13.70% over the last quarter.
FPACX - FPA Crescent Fund holds 4,698K shares representing 2.01% ownership of the company. No change in the last quarter.
Jefferies Financial Group Background Information
(This description is provided by the company.)
Jefferies Financial Group Inc. is a diversified financial services company engaged in investment banking and capital markets, asset management and direct investing. Jefferies Group LLC, its largest subsidiary, is the largest independent full-service global investment banking firm headquartered in the U.S.
Additional reading:
- Amended and Restated Certificate of Incorporation of Jefferies Financial Group Inc.
- Jefferies Announces Shareholder Approval of Charter Amendment
- Jefferies Announces Second Quarter 2023 Financial Results
- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTE
- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTE
This story originally appeared on Fintel.
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