Morgan Stanley Lowers Price Target for Jefferies Financial Group

Morgan Stanley has recently adjusted its price target for Jefferies Financial Group (NYSE:JEF) from $92.00 to $81.00, as reported on Thursday. The firm has maintained an "overweight" rating on the financial services provider's stock. This new target price implies a potential upside of 49.92% from the company's most recent close.

Market Reactions

In addition to Morgan Stanley’s update, other brokerage firms have also revised their views on Jefferies Financial Group. Oppenheimer reduced their price target on the stock from $82.00 to $81.00 while still rating it as "outperform." Similarly, Goldman Sachs has set a target price of $75.00 for Jefferies Financial Group.

Current Stock Performance

On Thursday, the stock of Jefferies Financial Group traded down by 1.6%, dropping $0.89 to reach $54.03. The trading volume reached 479,157 shares, significantly lower than the average volume of 1,810,691 shares. Over the past year, Jefferies Financial Group has experienced a low of $40.72 and a high of $82.68. The company holds a market capitalization of $11.14 billion and has a P/E ratio of 18.13.

Recent Earnings Report

Jefferies Financial Group recently reported its quarterly earnings, revealing earnings per share (EPS) of $0.91 for the quarter, which fell short of analysts’ expectations of $0.97 by $0.06. The company generated revenue of $1.96 billion, surpassing the projected $1.83 billion, which represents a remarkable year-on-year revenue growth of 63.4%.

Institutional Holdings Update

In recent months, significant investors have adjusted their positions in Jefferies Financial Group. Hemington Wealth Management increased its holdings by 71.8%, now owning 335 shares valued at approximately $26,000. Other notable investors include V Square Quantitative Management LLC and Stephens Consulting LLC, which have also acquired new positions in the company.

About Jefferies Financial Group

Jefferies Financial Group Inc. is a firm that operates in investment banking and capital markets across various regions including the Americas, Europe, the Middle East, and Asia-Pacific. The company is divided into two segments: Investment Banking and Capital Markets and Asset Management, offering a range of services including advisory operations in mergers and acquisitions, debt financing, and corporate lending.

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