JEF Jefferies Group Inc
Jefferies Financial Group, Inc. is a holding company, which engages in the provision of financial services. It operates through the following segments: Investment Banking, Capital Markets, and Asset Management; Merchant Banking; and Corporate segments. The Investment Banking, Capital Markets, and Asset Management segment consists of investments in Jefferies Group. The Merchant Banking segment includes various merchant banking businesses and investments, primarily including Linkem, Vitesse Energy Finance and JETX Energy, real estate, Idaho Timber, and FXCM. The Corporate segment pertains to cash and cash equivalents, financial instruments owned, and deferred tax asset of the firm. The company was founded in 1968 and is headquartered in New York, NY.
Company profile
Ticker
JEF
Exchange
Website
CEO
Richard Handler
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
JEF HOLDING CO INC, JEFFERIES GROUP INC /DE/
SEC CIK
Corporate docs
IRS number
954719745
JEF stock data
()
Investment data
| Top 50 of 765 long holdings End of quarter 30 Sep 20 |
Value |
#Shares |
|---|---|---|
| $291.46M | 870.32K | |
| $117.46M | 399.53K | |
| $104.15M | 3.96M | |
| $67.2M | 241.88K | |
|
Willscot Mobil Mini HLDNG Co
|
$52.43M | 3.14M |
| $40.21M | 93.73K | |
| $39.07M | 1.39M | |
| $38.96M | 336.44K | |
| $37.08M | 5.38M | |
| $35.21M | 1.35M | |
| $32.58M | 531.52K | |
| $31.86M | 1.52M | |
| $30.25M | 878.72K | |
| $28.25M | 468.83K | |
| $28.16M | 1.09M | |
| $26.38M | 2.5M | |
| $25.7M | 1.14M | |
| $25.62M | 358.55K | |
| $21.6M | 375K | |
| $21.27M | 683.31K | |
| $18.58M | 149.74K | |
| $18.23M | 470.62K | |
| $17.12M | 1.45M | |
| $16.96M | 652.11K | |
| $15.82M | 9.25K | |
| $15.66M | 182.14K | |
| $14.95M | 100K | |
| $14.81M | 447.7K | |
| $14.72M | 412.5K | |
| $14.36M | 231.15K | |
| $14.21M | 224.87K | |
| $13.92M | 83.86K | |
| $13.62M | 160.16K | |
| $13.4M | 359.49K | |
| $13.15M | 118.01K | |
| $13.13M | 31.73K | |
| $12.59M | 198.43K | |
| $12.56M | 298.57K | |
| $12.49M | 340.35K | |
| $12.41M | 195K | |
| $12.03M | 792.6K | |
| $12.02M | 84.14K | |
| $11.82M | 112.08K | |
| $11.56M | 331.29K | |
| $11.4M | 57.87K | |
| $11.34M | 38.8K | |
| $11.16M | 696.51K | |
| $11.12M | 109.03K | |
| $11.11M | 144.5K | |
| $10.81M | 34.67K |
Holdings list only includes long positions.
Only includes long positions.
Calendar
9 Oct 20
24 Jan 21
30 Nov 21
News
Financial summary
| Quarter (USD) | Aug 20 | May 20 | Feb 20 | Aug 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Nov 19 | Nov 18 | Nov 17 | Nov 16 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
Financial data from Jefferies earnings reports.
Financial report summary
?Risks
- Legislation and new and pending regulation may significantly affect our business.
- Extensive regulation of our business limits our activities, and, if we violate these regulations, we may be subject to significant penalties.
- Changing financial, economic and political conditions could result in decreased revenues, losses or other adverse consequences.
- If our tax filing positions were to be challenged by federal, state and local, or foreign tax jurisdictions, we may not be wholly successful in defending our tax filing positions.
- Damage to our reputation could damage our business.
- Our business is subject to significant credit risk.
- A credit-rating agency downgrade could significantly impact our business.
- Our principal trading and investments expose us to risk of loss.
- We are exposed to market risk.
- We may incur losses if our risk management is not effective.
- As a holding company, we are dependent for liquidity from payments from our subsidiaries, many of which are subject to restrictions.
- Increased competition may adversely affect our revenues and profitability.
- The ability to attract, develop and retain highly skilled and productive employees is critical to the success of our business.
- Operational risks may disrupt our business, result in regulatory action against us or limit our growth.
- We face numerous risks and uncertainties as we expand our business.
- Legal liability may harm our business.
- Employee misconduct, which is difficult to detect and deter, could harm us by impairing our ability to attract and retain clients and subject us to significant legal liability and reputational harm.
Management Discussion
- For presentation purposes, the remainder of “Results of Operations” is presented on a detailed product and expense basis, rather than on a business segment basis. Net revenues presented for our Investment Banking and Capital Markets businesses include allocations of interest income and interest expense as we assess the profitability of these businesses inclusive of the net interest revenue or expense associated with the respective activities, including the net interest cost of allocated long-term debt, which is a function of the mix of each business’s associated assets and liabilities and the related funding costs.
- The key components of asset management revenues are the level of assets under management and the performance return, whether on an absolute basis or relative to a benchmark or hurdle. These components can be affected by financial markets, profits and losses in the applicable investment portfolios and client capital activity. Further, asset management fees vary with the nature of investment management services. The terms under which clients may terminate our investment management authority, and the requisite notice period for such termination, varies depending on the nature of the investment vehicle and the liquidity of the portfolio assets. Performance fees during 2019 and 2018 are generally recognized once a year, typically in December, at the end of the performance period to the extent that the benchmark return has been met. Performance fees during 2017 were accrued (or reversed) on a monthly basis based on measuring performance to date versus any relevant benchmark return hurdles stated in the investment management agreement.
- The change in assets under management during 2019 is primarily due to redemptions from certain funds and separately managed accounts, partially offset by market appreciation and new subscriptions and investments from third-parties.
Content analysis
?
| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. sophomore Avg
|
|
New words:
advantage, backdrop, clarity, dynamic, growing, healthy, momentum, onset, RBC, respond, Royal, strongly, tightened, tightening
Removed:
consulting, forecast, hiring, likelihood, MiFID, pertinent, Poor, presenting, Professional, reducing, shutdown
Financial reports
10-Q
2020 Q3
Quarterly report
9 Oct 20
10-Q
2020 Q2
Quarterly report
9 Jul 20
10-Q
2020 Q1
Quarterly report
8 Apr 20
10-K/A
2019 FY
Annual report (amended)
27 Mar 20
10-K
2019 FY
Annual report
29 Jan 20
10-Q
2019 Q3
Quarterly report
8 Oct 19
10-Q
2019 Q2
Quarterly report
9 Jul 19
10-Q
2019 Q1
Quarterly report
9 Apr 19
10-K
2018 FY
Annual report
29 Jan 19
10-Q
2018 Q3
Quarterly report
9 Oct 18
Current reports
8-K
Jefferies Financial Group Announces 2020 Financial Results
4 Jan 21
8-K
Regulation FD Disclosure
14 Oct 20
8-K
Other Events
7 Oct 20
8-K
Jefferies Financial Group Announces Third Quarter 2020 Financial Results
23 Sep 20
8-K
Jefferies Group LLC Records Record Six Months Revenues
29 Jun 20
8-K
Financial Statements and Exhibits
24 Apr 20
8-K
Jefferies Announces First Quarter 2020 Financial Results
26 Mar 20
8-K
Jefferies Announces 2019 Financial Results
9 Jan 20
8-K
Regulation FD Disclosure
16 Oct 19
8-K
Jefferies Announces Third Quarter 2019 Financial Results
26 Sep 19
Registration and prospectus
424B5
Prospectus supplement for primary offering
6 Jan 21
424B5
Prospectus supplement for primary offering
6 Jan 21
424B2
Prospectus for primary offering
28 Dec 20
424B2
Prospectus for primary offering
22 Dec 20
424B2
Prospectus for primary offering
11 Dec 20
424B2
Prospectus for primary offering
9 Dec 20
424B2
Prospectus for primary offering
7 Dec 20
424B2
Prospectus for primary offering
19 Nov 20
424B2
Prospectus for primary offering
19 Nov 20
8-A12B
Registration of securities on exchange
17 Nov 20
Proxies
DEF 14A
Definitive proxy
28 Mar 12
DEF 14A
Definitive proxy
25 Mar 11
DEFR14A
Revised proxy
14 Apr 10
DEF 14A
Definitive proxy
6 Apr 10
DEF 14A
Definitive proxy
9 Apr 09
DEFA14A
Additional proxy soliciting materials
29 Apr 08
DEF 14A
Definitive proxy
16 Apr 08
DEF 14A
Definitive proxy
10 Apr 07
DEF 14A
Definitive proxy
12 Apr 06
DEF 14A
Definitive proxy
15 Apr 05
Other
CERTNYS
Certification of approval for NYSE listing
17 Jan 17
CERTNYS
Certification of approval for NYSE listing
19 Apr 13
UPLOAD
Letter from SEC
18 Jul 12
CORRESP
Correspondence with SEC
7 Jun 12
CORRESP
Correspondence with SEC
2 May 12
UPLOAD
Letter from SEC
23 Apr 12
UPLOAD
Letter from SEC
26 Jan 12
CORRESP
Correspondence with SEC
23 Jan 12
CORRESP
Correspondence with SEC
13 Jan 12
CORRESP
Correspondence with SEC
16 Dec 11
Ownership
SC 13D/A
Garrett Motion / Jefferies ownership change
7 Jan 21
SC 13D
Garrett Motion / Jefferies ownership change
21 Dec 20
13F-HR/A
Quarterly holdings report by institutional manager (amended)
24 Nov 20
13F-HR
Quarterly holdings report by institutional manager
13 Nov 20
13F-HR/A
Quarterly holdings report by institutional manager (amended)
2 Nov 20
13F-HR
Quarterly holdings report by institutional manager
14 Aug 20
3
Initial statement of insider ownership
19 May 20
13F-HR
Quarterly holdings report by institutional manager
15 May 20
13F-HR
Quarterly holdings report by institutional manager
13 Feb 20
13F-HR
Quarterly holdings report by institutional manager
13 Nov 19