Jefferies Financial Group Inc.: Latest Stock Quote and Company Insights

About Jefferies Financial Group Inc.

Jefferies Financial Group Inc. (JEF) is a well-known US investment bank.

JEF is a holding company whose main asset is Jefferies Group, a leading global institutional equities platform built on unique advisory.

The firm also provides differentiated distribution and execution capabilities.

Stock Quote and Latest News

As of August 20, 4:00 PM EST, the JEF stock quote is:

• Open: $36.12
• High: $36.71
• Low: $35.90
• Current Price: $36.42
• Volume: 1,147,955

Get the latest JEF stock news and quotes on MarketWatch.

Recent Developments and Financial Performance

On August 19, 2023, Jefferies announced the completion of the merger of its wholly-owned subsidiary, Jefferies Finance LLC, with and into Jefferies LLC.

The Jefferies Board of Directors declared a quarterly cash dividend of $0.35 per Jefferies common share, a 16.7% increase from the previous quarter.

The dividend is payable on September 15, 2023, to shareholders of record as of August 31, 2023.

Industry Outlook and Analyst Ratings

The investment banking industry is expected to face headwinds in the coming months due to the uncertain economic environment.

However, Jefferies is well-positioned to navigate these challenges due to its strong balance sheet and diversified revenue streams.

Analysts have a consensus rating of "Hold" on JEF stock, with a median price target of $37.50.

Conclusion

Jefferies Financial Group Inc. is a leading investment bank with a strong track record of performance.

The company's recent developments and financial results are positive indicators for future growth.

Investors should monitor the company's progress and the overall economic environment before making investment decisions.