From MarketBeat:

Jefferies Financial Group (NYSE:JEF) is expected to release its quarterly earnings data after market hours on January 8th. Analysts anticipate earnings of $0.39 per share.

Following this news, Jefferies Financial Group’s stock opened at $40.41 on Monday.

Institutional trading momentum was noted, with HighTower Advisors LLC, Citigroup Inc., Natixis Advisors L.P., and others increasing their stakes in JEF stock by various percentages during the 1st quarter.

Recent changes in brokerages’ ratings for JEF have included a “hold” rating to a “sell” or a “buy” rating, with average target pricing of $39.67.

Jefferies Financial Group operates in investment banking, capital markets, and asset management in the Americas, Europe, the Middle East, and Asia. It has two main segments: Investment Banking and Capital Markets, and Asset Management.

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Read more: Jefferies Financial Group (JEF) to Release Quarterly Earnings on Monday