JEF - Jefferies Financial Group Inc.
22.08 +0.19 (0.85%)
After hours: 4:18PM EST
| Previous Close | 22.13 |
| Open | 22.11 |
| Bid | 21.91 x 1400 |
| Ask | 21.92 x 1000 |
| Day's Range | 21.83 - 22.11 |
| 52 Week Range | 16.54 - 22.64 |
| Volume | 1,315,918 |
| Avg. Volume | 1,381,172 |
| Market Cap | 6.564B |
| Beta (5Y Monthly) | 1.50 |
| PE Ratio (TTM) | 7.22 |
| EPS (TTM) | 3.03 |
| Earnings Date | Mar 25, 2020 - Mar 29, 2020 |
| Forward Dividend & Yield | 0.60 (2.71%) |
| Ex-Dividend Date | Feb 12, 2020 |
| 1y Target Est | 26.00 |
- Business Wire
Jefferies' Clients, Employees and Shareholders Contribute $4,000,000 AUD for Australia Wildfires Relief Efforts
Jefferies announced today a total donation of $4.0 million AUD to organizations providing needed assistance to victims of the wildfires in Australia. The firm's clients helped to generate $1.6 million AUD in donations through Asia Pacific trading commissions on January 22nd. Voluntary donations from Jefferies’ 3,813 employees totaled $400,000 AUD and Jefferies as a firm matched these client and employee donations with an additional $2.0 million AUD.
- Business Wire
Jefferies to Hold Asia Pacific Trading Day in Support of Australia Wildfires Relief Today, January 22
Jefferies announced that today is the firm’s trading day to support relief efforts caused by the recent wildfires in Australia. Jefferies will offer investors the opportunity to join efforts to assist those affected by the devastation of this event by trading with Jefferies.
- Bloomberg
A $21 Billion Telco War Comes Down to $2
(Bloomberg Opinion) -- India’s great telecom melee was bad enough as a brawl between service providers and the state, with operators complaining about the government’s outlandish claims on their past revenue. Now, consumers have jumped into the fray. A confusing three-cornered fight could lead to ugly outcomes: The country’s broken financial system would take a fresh hit; new 5G networks could be delayed; and the government’s annual revenue from the sector might get squeezed.This week, New Delhi wants nearly 1.5 trillion rupees ($21 billion) in back license fees and spectrum usage charges, including penalties, interest and interest on unpaid interest. Before they lost the case in India’s Supreme Court, the telcos maintained the government’s interpretation of what it was owed under the 1999 revenue-sharing agreement to be too broad and unfair because it included even their non-telecom revenue, such as interest and dividend income. It's a Pyrrhic victory for the government because not all the money it wants is coming. Of the 15 firms facing these long-contested demands, most have shut down, sold out or ended up insolvent. All eyes are now on Vodafone Idea Ltd., one of the three private-sector mobile services companies still standing. It has to pay 530 billion rupees by Jan. 23, by government estimates. Even taking Vodafone Idea’s own calculation of the liability at 442 billion rupees, the loss-making carrier’s net debt soars to a life-threatening 1.6 trillion rupees. It may not be able to meet all its obligations.The threat of a bankruptcy was real when I wrote about Vodafone Idea’s grim prospects in November. With the two large shareholders — Britain’s Vodafone Group Plc and Indian billionaire Kumar Mangalam Birla — reluctant to throw more good money after bad, the equity value of the business is hurtling toward zero.Telcos have requested the country’s top court to extend the payment terms. Even if Vodafone Idea stays afloat thanks to a last-minute compromise, customers have read the writing on the wall. The mobile carrier lost 36 million subscribers in November. And that was before all three players raised prices in December. As the churn gets busier, the hypercompetitive Indian market will effectively turn into a duopoly. Bharti Airtel Ltd. and Reliance Jio Infocomm Ltd. will see their market shares settle at around 35% and 45%, respectively, by March 2021, according to Jefferies Financial Group Inc.Where will this leave Vodafone, or the $1.7 billion that the government earns from the current No. 2 player as annual spectrum revenue? Of the many creditors that have exposure to the telco, Yes Bank Ltd. is particularly vulnerable. Saddled with bad loans, the Indian bank is struggling to raise funds as its capital buffers wear dangerously thin. If potential white knights get cold feet because of the lender’s outsize telecom exposure (as much as 29% of shareholders’ funds, including 18% for Vodafone Idea), then the country’s financial system may be looking at a big confidence shock. Worryingly, future profitability of the telecom industry also remains unclear. Blame it on the cost-conscious Indian consumer. With telcos raising prices, using one SIM card for calls and another for data isn’t cost effective any more. Demand will consolidate, and some of it may vanish altogether. Bharti Airtel recently introduced a 179 rupee plan, valid for 28 days, which offers 2 gigabytes of data, unlimited calls, and comes packaged with 200,000 rupees of life insurance. This is a way to lessen the sticker-price shock for entry-level subscribers, especially in semi-urban and rural areas, who are being nudged to trade up from the current 149 rupee basic plan. Expect more such bundled offerings as both Bharti and Jio try to raise their average revenue per user to around 300 rupees, where the economics starts to make more sense.That’s still a ways off, though. Jio, whose aggressive entry three years ago with free voice calls and cheap data triggered cutthroat competition, garnered revenue per user of just 128 rupees — not even $2 — in the December quarter, practically flat from a year earlier. Being a new entrant, Jio isn’t saddled by the government’s revenue demands that have come to haunt Vodafone Idea and, to a smaller extent, Bharti. Until Mukesh Ambani, the deep-pocketed tycoon behind Jio, turns his attention from chasing market share to maximizing returns on his $50 billion foray, pricing will stay irrational and new investment will remain constrained.Although Bharti has raised new equity and convertible debt, at more than 1 trillion rupees, its net debt is onerous. It’s hard to see strong demand at the government’s auction of 5G airwaves in April. Vodafone’s long-standing tax dispute with New Delhi has been a cautionary tale. The business imploding because of another instance of government heavy-handedness will send a fresh bad signal about India’s business climate, though for the country’s telecom industry, the outlook will remain somber regardless of whether Vodafone Idea survives or not.To contact the author of this story: Andy Mukherjee at amukherjee@bloomberg.netTo contact the editor responsible for this story: Rachel Rosenthal at rrosenthal21@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services. He previously was a columnist for Reuters Breakingviews. He has also worked for the Straits Times, ET NOW and Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Business Wire
Jefferies to Hold Asia Pacific Trading Day in Support of Australia Wildfires Relief on Wednesday January 22
Jefferies confirmed that tomorrow, Wednesday, January 22nd, 2020, the firm will dedicate a day of trading to support relief efforts needed after the devastation caused by the recent wildfires taking place in Australia.
- Benzinga
Trade Deal Better For Shipping Demand Than For Stocks
The signing of the Phase One trade pact between the U.S. and China on Wednesday is a clear positive for ocean shipping demand. China is committed to buying $77.8 billion in U.S. manufactured products over the next two years, which is good for the container sector; $32 billion in agricultural products, a plus for dry bulk shipping; and $52.4 billion in energy exports, which should support tankers carrying crude oil, liquefied petroleum gas (LPG) and liquefied natural gas (LNG). Increased volumes from the U.S. would likely lead to reductions from other countries.
- Business Wire
Jefferies to Dedicate a Day of Asia Pacific Trading in Support of Australia Wildfires Relief on Wednesday January 22
Jefferies announced today, that on Wednesday, January 22nd, 2020, the firm will dedicate a day of trading to support relief efforts needed after the devastation caused by the recent wildfires taking place in Australia.
- MarketWatch
What’s up with WhatsApp? JP Morgan trader suspended over messages
JP Morgan suspended a senior credit trader on Monday for using a WhatsApp group to communicate with colleagues
- Simply Wall St.
Jefferies Financial Group Inc. Just Beat Revenue By 6.9%: Here's What Analysts Think Will Happen Next
Jefferies Financial Group Inc. (NYSE:JEF) defied analyst predictions to release its full-year results, which were...
- Simply Wall St.
Is Jefferies Financial Group Inc.'s (NYSE:JEF) CEO Overpaid Relative To Its Peers?
In 2013 Rich Handler was appointed CEO of Jefferies Financial Group Inc. (NYSE:JEF). This analysis aims first to...
- Zacks
Jefferies Financial Rewards Investors With 20% Dividend Hike
Jefferies Financial (JEF) raises quarterly dividend by 20% to 15 cents per share.
- Business Wire
Jefferies Financial Group Inc. Announces a 20 Percent Increase to Its Quarterly Cash Dividend
Jefferies Financial Group Inc. (NYSE: JEF) announced today that the Board of Directors has declared a quarterly cash dividend equal to $0.15 per Jefferies common share, an increase of 20 percent, payable on February 28, 2020 to record holders of Jefferies common shares on February 14, 2020.
- Insider Monkey
Jefferies Financial Group Inc. (JEF) vs. Top 20 Hedge Fund Stocks in 2019
Hedge funds and other investment firms that we track manage billions of dollars of their wealthy clients' money, and needless to say, they are painstakingly thorough when analyzing where to invest this money, as their own wealth also depends on it. Regardless of the various methods used by elite investors like David Tepper and David […]
- Reuters
Israel securities regulator sees more high tech IPOs in Tel Aviv
Israel's securities regulator is banking on U.S. financial services group Jefferies' membership on the Tel Aviv bourse to help boost initial public offerings from the country's high tech companies. Jefferies joined the Tel Aviv Stock Exchange (TASE) as a member in June and in August it led the TASE's initial public offering that valued the bourse at 710 million shekels ($205 million).
- American City Business Journals
NY company sells leftover stake in KC's National Beef to Brazilian meatpacker for $970M
"We will have realized an aggregate of almost $3 billion in cash, or 3.3 times our original investment in National Beef," the company said in its release announcing the sale of its last stake in the Kansas City-based beef producer.
- American City Business Journals
S.F. fintech to almost triple workforce after raising $224 million
The company said it will outgrow its current San Francisco headquarters in the third quarter of 2020.
- Reuters
Broker-dealer Jefferies LLC to pay nearly $4 mln fine to settle SEC charges
Broker-dealer Jefferies LLC agreed on Monday to pay a nearly $4 million fine to settle charges related to American Depositary Receipts (ADRs) abuses, the U.S. Securities and Exchange Commission said on Monday. The charges, which the broker has neither admitted or denied, come as one of 14 enforcement actions against a bank or a broker stemming from widespread SEC investigations into "abusive practices" related to ADRs, which are U.S. securities that represent foreign shares of a foreign company and require a corresponding number of foreign shares to be held in custody at a depositary bank. "This line of cases demonstrates the SEC's commitment to holding financial institutions accountable for engaging in abusive ADR pre-release practices," said Sanjay Wadhwa, a enforcement director in the agency's New York Regional Office.
- Simply Wall St.
Here's Why We Think Jefferies Financial Group (NYSE:JEF) Is Well Worth Watching
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
- Business Wire
M Science Launching First-of-its-Kind 5G Intelligence
Alive webinar will be held exclusively for clients this Friday, December 6th at 1:30pm EST, hosted by M Science senior analyst, Mark Bachman. M Science, the pioneer in data-driven research and analytics, is soon to launch its 5G mobile handset measurement capabilities. As a new M Analysis research and intelligence solution, M Science’s 5G offering will provide weekly updates on adoption of the new technology across mobile devices running Android software.
- Insider Monkey
Jefferies Financial Group Inc. (JEF): Are Hedge Funds Right About This Stock?
It seems that the masses and most of the financial media hate hedge funds and what they do, but why is this hatred of hedge funds so prominent? At the end of the day, these asset management firms do not gamble the hard-earned money of the people who are on the edge of poverty. Truth […]
- Business Wire
Jefferies Financial Group Closes Sale of Its Remaining 31% of National Beef
Jefferies Financial Group Inc. today announced that on Friday, November 29, it closed the previously announced sale of its remaining 31% holdings in National Beef to Marfrig and other shareholders.
- Bloomberg
Silicon Valley Firm Helps the Wealthy Keep Track of $1.7 Trillion of Assets
(Bloomberg) -- The ultra-secret world of ultra-wealthy investors is becoming slightly more transparent.Addepar Inc., whose investors include billionaire Peter Thiel and Palantir Technologies co-founder Joe Lonsdale, is working with hundreds of money managers to give a better sense of where their clients invest. Assets linked to the firm’s technology are growing at an average of $10 billion a week and have reached $1.7 trillion, Addepar Chief Executive Officer Eric Poirier said.It doesn’t handle the money. Addepar helps manage data for firms like Morgan Stanley, Jefferies Financial Group Inc. and an array of registered investment advisers, poring over complex information that for many years had been hard to aggregate. That includes data for hard-to-value private assets like hedge funds, artwork and real estate held by wealthy clients.“We’ve effectively built industrial-strength plumbing” to securely allow investors to put all of their holdings online in one place, Poirier said in a phone interview.Mountain View, California-based Addepar now has more than 400 clients, including family offices, banks and registered investment advisers. Its growth comes as private equity and debt firms have been raising record sums of cash and investors seek yield away from more easily tracked public markets.Lonsdale started Addepar in 2009 upon leaving Palantir, and by 2012 the firm had just a couple dozen customers and was composed of mostly young, male engineers. Since then it has hired industry veterans including David Lessing -- a former executive at Morgan Stanley’s wealth manager. Ex-Blackstone Group Inc. executive Laurence Tosi joined the board.Tosi said he believes Addepar will grow faster as markets get tougher because more clients will want control over their assets in times of heightened volatility.“It’s quite cumbersome in crisis if you don’t have, what I call, eyes on the battlefield,” Tosi said. Given that most wealth managers have oversight for only a portion of clients’ total assets, he said Addepar’s “innovation curve has been faster.”Addepar isn’t alone in collecting data in the opaque world of private assets. Financial-technology firm iCapital Network has been working with banks and RIAs and has added $42.3 billion of assets to its platform since its 2013 founding, according to its website.To contact the reporter on this story: Sonali Basak in New York at sbasak7@bloomberg.netTo contact the editors responsible for this story: Michael J. Moore at mmoore55@bloomberg.net, Dan Reichl, Peter EichenbaumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
