Sunday, June 26, 2022

A company insider recently sold 6,000 shares of Jefferies Financial Group Inc. [JEF]. Should You also Consider to Sale?

Jefferies Financial Group Inc.’s filing revealed that its Director O Kane Michael T unloaded Company’s shares for reported $0.2 million on Apr 19. In the deal valued at $33.39 per share,6,000 shares were sold. As a result of this transaction, O Kane Michael T now holds 97,138 shares worth roughly $ 2.63 million.

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Then, JONES THOMAS W bought 10,000 shares, generating $334,800 in total proceeds. Upon buying the shares at $33.48, the Director now owns 15,697 shares.

Before that, Weiler Melissa bought 4,000 shares. Jefferies Financial Group Inc. shares valued at $149,946 were divested by the Director at a price of $37.49 per share. As a result of the transaction, Weiler Melissa now holds 8,000 shares, worth roughly $0.22 million.

Following these proceedings, Morgan Stanley initiated its Jefferies Financial Group Inc. [JEF] rating to an Equal-weight in a research note published on Tuesday, December 16, 2021; the price target was $40. PT values the company’s stock at a premium of 32.4 to its Tuesday closing price. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in mid November from “an Outperform” to “a Mkt perform”. Goldman began covering JEF with a “Buy” recommendation on September 21, 2021. Keefe Bruyette revised its rating on September 16, 2020. It rated JEF as “an Outperform” which previously was an “a Mkt perform”.

Price Performance Review of JEF

On Tuesday, Jefferies Financial Group Inc. [NYSE:JEF] saw its stock jump 2.23% to $27.04. On the same session, the stock had its day’s lowest price of $26.54, but rose to a high of $27.39. Over the last five days, the stock has lost -0.11%. Jefferies Financial Group Inc. shares have fallen nearly -30.31% since the year began. Nevertheless, the stocks have fallen -9.99% over the past one year. While a 52-week high of $44.47 was reached on 01/11/22, a 52-week low of $25.88 was recorded on 06/16/22. SMA at 50 days reached $31.21, while 200 days put it at $36.01. A total of 1.84 million shares were traded, compared to the trading of 1.95 million shares in the previous session.

Levels Of Support And Resistance For JEF Stock

The 24-hour chart illustrates a support level at 26.59, which if violated will result in even more drops to 26.14. On the upside, there is a resistance level at 27.44. A further resistance level may holdings at 27.84. The Relative Strength Index (RSI) on the 14-day chart is 35.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.58%. Stochastics %K at 10.66% indicates the stock is a buying.

Jefferies Financial Group Inc. [JEF] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 20,520,015 shares, or roughly 8.57% of the outstanding JEF shares. In other words, the investor’s shares have fallen by -1,314,035 from its previous 13-F filing of 21834050.0. Additionally, BlackRock Fund Advisors decreased -0.28% of its stake after which the total value it holdings stand at $547,149,061, while Sumitomo Mitsui Banking Corp. reduced 0.00% of its stake to hold $346.71 million in the firm. Over the last quarter, First Trust Advisors LP purchased 2,207,065 shares of Jefferies Financial Group Inc., while First Pacific Advisors LP bought 9,200 shares. At present, SSgA Funds Management, Inc. is holding 5,753,327 shares valued at $189.97 million. AllianceBernstein LP owned 4,833,750 shares of the company at the time of its most recent 13F filing, worth $159.61 million.

According to FactSet, Jefferies Financial Group Inc.’s share price will average $38.25 in the next year, based on opinions of analysts polled by the firm. This is up nearly 38.0 percent from its previous closing price of $26.45. Analysts expect Jefferies Financial Group Inc. stock to reach the higher price of $47.00, while the lowest price estimate is $33.00. However, 5 analysts have rated JEF stock as an Overweight in their predictions for 2022.

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