Jefferies Financial Group Inc. engages in the investment banking and capital markets, asset management, and direct investing businesses in the Americas, Europe, the Middle East, Africa, and Asia. It operates through Investment Banking and Capital Markets, Asset Management, Merchant Banking, and Corporate segments. The company offers financial advisory, equity underwriting, and debt underwriting, as well as corporate lending services; equities research, sales, and trading services; equity finance services comprising financing, securities lending, and other prime brokerage services; and wealth management services to high net worth individuals, their families and businesses, private equity and venture funds, and small institutions. It also provides clients with sales and trading of investment grade corporate bonds, U.S. and European government and agency securities, municipal bonds, mortgage-backed and asset-backed securities, leveraged loans, consumer loans, high yield and distressed securities, emerging markets debt, interest rate, and credit derivative products, as well as foreign exchange trade execution and securitization; and manages, invests in, and provides services to a diverse group of alternative asset management platforms across a spectrum of investment strategies and asset classes. Jefferies Financial Group, Inc. entered into a strategic alliance with Sumitomo Mitsui Financial Group, Inc., Sumitomo Mitsui Banking Corporation and SMBC Nikko Securities Inc. The company was formerly known as Leucadia National Corporation and changed its name to Jefferies Financial Group Inc. in May 2018. Jefferies Financial Group Inc. was founded in 1968 and is headquartered in New York, New York.
IPO Year:
Exchange: NYSE
Website: jefferies.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/17/2024 | $67.00 | Buy | UBS |
| 8/22/2023 | $37.00 → $40.00 | Neutral → Buy | Goldman |
| 7/12/2023 | $27.00 → $36.00 | Underweight → Equal-Weight | Morgan Stanley |
| 4/12/2023 | $28.00 → $27.00 | Equal-Weight → Underweight | Morgan Stanley |
| 1/11/2023 | $40.00 | Buy → Neutral | Goldman |
| 12/22/2022 | $38.00 → $37.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 9/6/2022 | $30.00 → $38.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 3/8/2022 | $40.00 → $35.00 | Equal-Weight | Morgan Stanley |
| 12/16/2021 | $40.00 | Equal-Weight | Morgan Stanley |
| 11/16/2021 | $46.00 | Outperform → Mkt Perform | Keefe Bruyette |
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Morgan Stanley analyst Ryan Kenny maintains Jefferies Financial Gr (NYSE:JEF) with a Equal-Weight and raises the price target from $44 to $59.
Wall Street experienced a subdued trading day on Thursday, as traders likely chose to remain on the sidelines in anticipation of Friday’s release of the Federal Reserve’s preferred inflation gauge. In regulatory news, U.S. banks successfully passed the Federal Reserve’s 2024 stress tests. The results demonstrated that all analyzed institutions could maintain minimum capital requirements even in the face of a severe economic shock. Notably, regional banks, as tracked by the SPDR S&P Regional Banking ETF (NYSE:KRE), performed relatively better overall compared to their larger counterparts. As of midday trading in New York, major indices showed marginal gains, with small caps outperformi
Jefferies Financial Gr (NYSE:JEF) reported quarterly earnings of $0.67 per share which missed the analyst consensus estimate of $0.71 by 5.63 percent. The company reported quarterly sales of $1.656 billion which beat the analyst consensus estimate of $1.631 billion by 1.54 percent. This is a 59.60 percent increase over sales of $1.038 billion the same period last year.
Jefferies Financial (NYSE:JEF) reported quarterly earnings of $0.60 per share which missed the analyst consensus estimate of $0.71 by 15.49 percent.
The dividend is payable on August 30, 2024 to record holders of Jefferies common shares on August 19, 2024.
Jefferies Financial Gr (NYSE:JEF) reported quarterly sales of $1.656 billion which beat the analyst consensus estimate of $1.631 billion by 1.54 percent. This is a 59.60 percent increase over sales of $1.038 billion the same period last year.
Wall Street experienced a mixed session on Wednesday, as investors adopted a cautious stance following Tuesday’s gains while awaiting key economic data releases later this week, including the Fed’s preferred inflation report due on Friday. At noon in New York, major U.S. averages traded flat, showing a lack of direction. Notably, 10 out of 11 sectors in the S&P 500 were in the red, with consumer discretionary being the only sector to post gains. Small caps fell by 0.3%, while blue chips edged up by 0.1%. The semiconductor industry failed to continue its rebound, as the iShares Semiconductor ETF (NYSE:SOXX) dropped 1%, with Nvidia Corp. (NASDAQ:NVDA) down 2%. Treasury yields rose, pa
Oppenheimer analyst Chris Kotowski maintains Jefferies Financial Gr (NYSE:JEF) with a Outperform and raises the price target from $56 to $57.
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Jefferies Financial Group Inc. (NYSE:JEF): Q3 Financial Highlights Net earnings attributable to common shareholders of $167 million, or $0.75 per diluted common share Pre-tax income from continuing operations of $253 million QTD and YTD annualized adjusted net earnings to shareholders on adjusted tangible shareholders' equity from continuing operations1 of 10.3% and 10.0%, respectively Net revenues of $1.68 billion Investment Banking net revenues of $949 million, including record quarterly advisory revenues of $592 million Capital Markets net revenues of $671 million Asset Management net revenues (before allocated net interest4) of $75 million At August 31, 2024, we had 2
Jefferies Financial Group Inc. (NYSE:JEF) today announced it will release its third quarter financial results on Wednesday, September 25, 2024 after market close. About Jefferies Jefferies is a leading global, full-service investment banking and capital markets firm that provides advisory, sales and trading, research and wealth and asset management services. With more than 47 offices in 21 countries around the world, we offer insights and expertise to investors, companies and governments. For more information: www.jefferies.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20240911950538/en/
Quarterly Dividend Increased 16.7% to $0.35 Per Common Share Jefferies Financial Group Inc. (NYSE:JEF): Q2 Financial Highlights Net earnings attributable to common shareholders of $146 million, or $0.64 per diluted common share. Our pre-tax income for the quarter was $228 million Annualized return on adjusted tangible shareholders' equity1 of 9.2% Net revenues of $1.66 billion Investment Banking net revenues of $803 million Capital Markets net revenues of $691 million Asset Management net revenues (before allocated net interest4) of $173 million At May 31, 2024, we had 212.1 million common shares outstanding and 253.7 million shares outstanding on a fully diluted
Jefferies Financial Group Inc. (NYSE:JEF) today announced it will release its second quarter financial results on Wednesday, June 26, 2024 after market close. About Jefferies Jefferies (NYSE:JEF) is a leading global, full-service investment banking and capital markets firm that provides advisory, sales and trading, research, wealth, and asset management services. With more than 40 offices around the world, we offer insights and expertise to investors, companies and governments. For more information: www.jefferies.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20240617978496/en/
Jefferies Financial Group Inc. (NYSE:JEF) Q1 Financial Highlights Net earnings attributable to common shareholders of $150 million, or $0.66 per diluted common share, and net earnings attributable to common shareholders from continuing operations of $157 million, or $0.69 per diluted common share. Adjusting our results this quarter for a pre-tax loss of $55 million associated with our investment in Weiss Multi-Strategy Advisers, which recently announced it is closing down, our net earnings attributable to common shareholders from continuing operations was $196 million16, or $0.8716 per diluted common share. Of the pre-tax loss to us of $55 million, $30 million reduced our Asset Managem
Jefferies Financial Group Inc. (NYSE:JEF) today announced it will release its first quarter financial results on Wednesday, March 27, 2024 after market close. About Jefferies Jefferies (NYSE:JEF) is a leading global, full-service investment banking and capital markets firm that provides advisory, sales and trading, research, wealth, and asset management services. With more than 40 offices around the world, we offer insights and expertise to investors, companies and governments. For more information: www.jefferies.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20240314748686/en/
Jefferies Financial Group Inc. (NYSE:JEF): Q4 Financial Highlights Net earnings attributable to common shareholders of $66 million, or $0.29 per diluted common share Annualized return on adjusted tangible equity1 of 3.8% Net revenues of $1.20 billion Investment Banking net revenues of $577 million Capital Markets net revenues of $481 million Asset Management net revenues (before allocated net interest4) of $155 million Please refer to the just-released Jefferies Financial Group Annual Letter from our CEO and President for broader perspective on 2023, as well as our strategy and outlook At November 30, 2023, we had 210.6 million common shares outstanding and 252.4
Jefferies Financial Group Inc. (NYSE:JEF) today announced it will release its fourth-quarter and annual 2023 financial results on Monday, January 8, 2024 after market close. About Jefferies Jefferies (NYSE:JEF) is a leading global, full-service investment banking and capital markets firm that provides advisory, sales and trading, research, wealth, and asset management services. With more than 40 offices around the world, we offer insights and expertise to investors, companies and governments. For more information: www.jefferies.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20231221982984/en/
Jefferies Financial Group Inc. (NYSE:JEF): Q3 Financial Highlights Net earnings attributable to common shareholders of $51 million, or $0.22 per basic and diluted common share, inclusive of a meaningful pre-tax loss from our legacy merchant banking portfolio which generated negative net revenues of $25 million primarily as a result of certain fair value adjustments taken during the period Annualized return on adjusted tangible equity1 of 2.9% Net revenues of $1.18 billion Investment Banking net revenues of $645 million Capital Markets net revenues of $524 million Asset Management net revenues (before allocated net interest4) of $23 million, inclusive of a meaningful pre-t
Jefferies Financial Group Inc. (NYSE:JEF) today announced it will release its third-quarter financial results on Wednesday, September 27, 2023, after market close. About Jefferies Jefferies is a leading global, full-service investment banking and capital markets firm that provides advisory, sales and trading, research and wealth and asset management services. With more than 40 offices around the world, we offer insights and expertise to investors, companies and governments. View source version on businesswire.com: https://www.businesswire.com/news/home/20230918008336/en/
As previously announced, Jefferies Financial Group Inc. (NYSE:JEF) will host its annual Investor Day on Monday, October 21, 2024, at 9:00 a.m. in Manhattan. The meeting will include management presentations from Rich Handler, our Chief Executive Officer, Brian Friedman, our President, and leaders of our major businesses, as well as an opportunity to present questions to management. To register for the event, which will be hosted both in-person and virtually, investors should provide their contact information via https://www.jefferies.com/investorMeeting2024 by 5:00 p.m. EDT on Thursday, October 17, 2024. Only registered guests will be allowed to participate. About Jefferies Financial Grou
Jefferies Financial Group Inc. (NYSE:JEF): Q3 Financial Highlights Net earnings attributable to common shareholders of $167 million, or $0.75 per diluted common share Pre-tax income from continuing operations of $253 million QTD and YTD annualized adjusted net earnings to shareholders on adjusted tangible shareholders' equity from continuing operations1 of 10.3% and 10.0%, respectively Net revenues of $1.68 billion Investment Banking net revenues of $949 million, including record quarterly advisory revenues of $592 million Capital Markets net revenues of $671 million Asset Management net revenues (before allocated net interest4) of $75 million At August 31, 2024, we had 2
SAN CARLOS, Calif., Sept. 23, 2024 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT), a mission-driven financial services company, today announced the closing of an amendment and extension to its long-term warehouse facility. Features of this facility include: $306 million total commitmentGoldman Sachs as senior lender – and Jefferies, as mezzanine lender – both existing, longstanding lenders to OportunA new two-year revolving periodCollateralized by Oportun's unsecured and secured personal loan originations "This warehouse facility extension expands on Oportun's longstanding lending relationships", said Jonathan Coblentz, Chief Financial Officer of Oportun. "With the support of
Jefferies Financial Group Inc. (NYSE:JEF) today announced it will release its third quarter financial results on Wednesday, September 25, 2024 after market close. About Jefferies Jefferies is a leading global, full-service investment banking and capital markets firm that provides advisory, sales and trading, research and wealth and asset management services. With more than 47 offices in 21 countries around the world, we offer insights and expertise to investors, companies and governments. For more information: www.jefferies.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20240911950538/en/
Jefferies Financial Group Inc. (NYSE:JEF) ("Jefferies") will host its annual Investor Meeting on Tuesday, October 15, 2024, at 9:00 a.m. in Manhattan. The meeting will include management presentations regarding Jefferies' major businesses, as well as an opportunity to present questions to management. Registration details to be announced. About Jefferies Financial Group Inc. Jefferies is a leading global, full-service investment banking and capital markets firm that provides advisory, sales and trading, research and wealth and asset management services. With more than 47 offices in 21 countries around the world, we offer insights and expertise to investors, companies and governments. Vi
Jefferies Financial Group, Inc. (NYSE:JEF) ("Jefferies") today announced the appointment of the Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) ("SMFG") President and Group Chief Executive Officer, Toru Nakashima, to Jefferies' Board of Directors effective August 12, 2024. The appointment of Mr. Nakashima further strengthens the strategic alliance between Jefferies and the SMBC Group first announced in 2021 and then further expanded in 2023 and 2024. Consistent with agreements between Jefferies and Sumitomo Mitsui Banking Corporation ("SMBC"), SMBC intends to increase its economic ownership of Jefferies to up to 15% on an as-converted and fully diluted basis, and recently increased its
SAN CARLOS, Calif., Aug. 05, 2024 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT), a mission-driven financial technology company, today announced the closing of a new long-term warehouse facility. Features of this new facility include: $245 million total commitmentDeutsche Bank AG, New York branch, as senior lender – a new lending relationship for OportunJefferies, as mezzanine lender – an existing, longstanding lender to OportunThree-year revolving periodCollateralized by Oportun's unsecured and secured loan originations "This new warehouse facility demonstrates Oportun's continued ability to both attract new investors as well as build on longstanding investor relationships", said Jonathan Co
Jefferies Financial Group Inc. (NYSE:JEF) announced today the completion of the sale by OpNet S.p.A (the Italian wireless broadband provider formerly known as Linkem) of substantially all of OpNet's operations to Wind Tre S.p.A. (Wind Tre), a subsidiary of CK Hutchison Group Telecom Holdings Ltd. Under the terms of the sale, which was disclosed in February 2024, Jefferies will receive net cash proceeds of approximately $317 million between the August 1, 2024 closing date and the first half of 2025. The closing of the sale will not have a meaningful net impact on our operating profit. Rich Handler, CEO of Jefferies, and Brian Friedman, President of Jefferies, commented: "We are pleased to
Quarterly Dividend Increased 16.7% to $0.35 Per Common Share Jefferies Financial Group Inc. (NYSE:JEF): Q2 Financial Highlights Net earnings attributable to common shareholders of $146 million, or $0.64 per diluted common share. Our pre-tax income for the quarter was $228 million Annualized return on adjusted tangible shareholders' equity1 of 9.2% Net revenues of $1.66 billion Investment Banking net revenues of $803 million Capital Markets net revenues of $691 million Asset Management net revenues (before allocated net interest4) of $173 million At May 31, 2024, we had 212.1 million common shares outstanding and 253.7 million shares outstanding on a fully diluted
Jefferies Financial Group Inc. (NYSE:JEF) today announced it will release its second quarter financial results on Wednesday, June 26, 2024 after market close. About Jefferies Jefferies (NYSE:JEF) is a leading global, full-service investment banking and capital markets firm that provides advisory, sales and trading, research, wealth, and asset management services. With more than 40 offices around the world, we offer insights and expertise to investors, companies and governments. For more information: www.jefferies.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20240617978496/en/
UBS initiated coverage of Jefferies with a rating of Buy and set a new price target of $67.00
Goldman upgraded Jefferies from Neutral to Buy and set a new price target of $40.00 from $37.00 previously
Morgan Stanley upgraded Jefferies from Underweight to Equal-Weight and set a new price target of $36.00 from $27.00 previously
Morgan Stanley downgraded Jefferies from Equal-Weight to Underweight and set a new price target of $27.00 from $28.00 previously
Goldman downgraded Jefferies from Buy to Neutral and set a new price target of $40.00
Keefe Bruyette downgraded Jefferies from Outperform to Mkt Perform and set a new price target of $37.00 from $38.00 previously
Keefe Bruyette upgraded Jefferies from Mkt Perform to Outperform and set a new price target of $38.00 from $30.00 previously
Morgan Stanley reiterated coverage of Jefferies Financial Group with a rating of Equal-Weight and set a new price target of $35.00 from $40.00 previously
Morgan Stanley initiated coverage of Jefferies Financial Group with a rating of Equal-Weight and set a new price target of $40.00
Keefe Bruyette downgraded Jefferies from Outperform to Mkt Perform and set a new price target of $46.00
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Jefferies Financial Group, Inc. (NYSE:JEF) ("Jefferies") today announced the appointment of the Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) ("SMFG") President and Group Chief Executive Officer, Toru Nakashima, to Jefferies' Board of Directors effective August 12, 2024. The appointment of Mr. Nakashima further strengthens the strategic alliance between Jefferies and the SMBC Group first announced in 2021 and then further expanded in 2023 and 2024. Consistent with agreements between Jefferies and Sumitomo Mitsui Banking Corporation ("SMBC"), SMBC intends to increase its economic ownership of Jefferies to up to 15% on an as-converted and fully diluted basis, and recently increased its
NEW YORK, Nov. 21, 2023 /PRNewswire/ -- OneMain Holdings, Inc. (NYSE:OMF) ("OneMain"), the leader in offering nonprime customers responsible access to credit, and Jefferies Financial Group Inc. (NYSE:JEF) ("Jefferies") today announced they have reached a definitive agreement under which OneMain will acquire Foursight Capital LLC ("Foursight") from Jefferies for $115 million in cash. Founded in 2012, Foursight is an automobile finance company that purchases and services automobile retail installment contracts primarily made to near-prime borrowers across 38 states. Contracts are sourced through an extensive network of dealers. "Foursight is an attractive tuck-in acquisition giving us a seas
Jefferies announced today that it will hold a Global Trading Day on Tuesday October 10, 2023 to fund accredited charities focused on providing humanitarian aid to those impacted by the violence and terror in Israel. Jefferies will donate 100% of net global trading commissions on October 10 for all trading in equities and fixed income by the Firm's clients. In addition, Jefferies as a firm will donate $1 million directly, and its more than 5,300 employees worldwide will be given the opportunity to personally donate to these efforts. These contributions will then be carefully allocated to qualified charities to make sure the proceeds go directly to the people most in need. Rich Handler, C
Jefferies Financial Group Inc. (NYSE:JEF) ("Jefferies") today announced the appointment of Thomas W. Jones to its Board of Directors effective March 28, 2022. Mr. Jones is the Founder and Senior Partner of venture capital investment firm TWJ Capital LLC since 2005. Mr. Jones previously was Chief Executive Officer of Global Investment Management at Citigroup from 1997 to 2005. Prior to Citigroup, Mr. Jones was Vice Chairman, President and Chief Operating Officer at TIAA-CREF from 1993 to 1997, and Executive Vice President and Chief Financial Officer at TIAA-CREF from 1989 to 1993. From 1982 to 1989, Mr. Jones was Senior Vice President and Treasurer, and held other senior positions, at John
Jefferies Credit Partners ("JCP"), a leading private credit manager and the asset management arm of Jefferies Finance LLC, today announced the appointment of Steve Marino as Head of Investor Solutions. Jefferies Finance is a joint venture of Jefferies Financial Group Inc. (NYSE:JEF) and MassMutual. In the newly created role, Mr. Marino will focus on product development and strategy, working with JCP's management, investment and business development teams to create and provide bespoke solutions for investors and strategic partners around the world. Mr. Marino brings extensive experience building and managing institutional credit and alternative asset platforms. Most recently, Mr. Marino wa
Jefferies Financial Group Inc. (NYSE:JEF) today announced the appointment of Matrice Ellis Kirk and Melissa Weiler to its Board of Directors effective July 1, 2021. The appointments of Ms. Ellis Kirk and Ms. Weiler expand Jefferies' Board of Directors to twelve directors, nine of whom are independent. Jefferies' CEO, Rich Handler, and President, Brian Friedman, stated: "We are pleased to welcome Matrice and Mel as new independent directors to Jefferies' board and we are confident their perspective and insight will be invaluable as we continue to grow Jefferies' business globally. Their significant experience further complements our existing directors' skills, and we look forward to partner
NEW YORK & LONDON--(BUSINESS WIRE)--Jefferies announced today that Linda Adamany and Mahnaz Safa have been appointed to the Jefferies International Limited Board of Directors. Jefferies International Limited, the UK broker dealer, together with its subsidiaries, is the European business of Jefferies Group LLC, a global investment banking firm providing clients with capital markets and financial advisory services, institutional brokerage and securities research, as well as wealth management. The appointments of Ms. Adamany and Ms. Safa expand the Board of Directors of Jefferies International Limited to eight directors, six of whom are independent. In a joint statement, Rich Handl
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