In a remarkable display of market confidence, Jefferies Financial Group Inc. (JEF) stock has soared to an all-time high, reaching a price level of $80.53, with a substantial market capitalization of $16.49 billion. InvestingPro analysis reveals 12+ additional insights about JEF's momentum, including its robust financial health scores and 15-year track record of consistent dividend payments. This milestone underscores a period of significant growth for the company, with the stock witnessing an astounding 117.92% change over the past year and an impressive 98.13% gain year-to-date. Investors have rallied behind JEF, buoyed by strong financial performance and positive market sentiment, propelling the stock to new heights and setting a robust precedent for its future trajectory. According to InvestingPro's Fair Value analysis, the stock is currently trading near its fair value, with analyst targets ranging from $67 to $90.
In other recent news, Jefferies Financial Group reported third-quarter earnings and revenue that fell short of analyst expectations. The company posted net earnings of $167 million, equivalent to $0.75 per diluted share, missing the projected $0.77 per share. Revenue was reported at $1.68 billion, lower than the anticipated $1.74 billion. Despite these results, Jefferies' Investment Banking segment saw a robust performance, with net revenues surging 47% year-over-year to $949 million, driven by record quarterly advisory revenues of $592 million. In addition, the company's Capital Markets net revenues dipped 3% sequentially to $671 million, yet rose 28.1% compared to the same quarter last year. For the fiscal year, Jefferies generated net earnings of $463 million, or $2.06 per diluted share, on revenues of $5.08 billion. The company's board also declared a quarterly cash dividend of $0.35 per share. Morgan Stanley (NYSE:MS) maintained an Equalweight rating on Jefferies Group, increasing the price target to $67 from $64 due to the strong performance of the company's core businesses.
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