Jefferies Financial Group Inc.
JEF · Security Brokers, Dealers & Flotation Companies · 204.4M shares · -7%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $124M (gross $169M, SBC $45M)
Reference price $51.91 · est. market cap ~$10.6B — last insider sale, 2026-05-06 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C59Large global investment bank with below-average returns and roughly flat earnings, a clear mid-pack name.
Strengths
- Scaled, diversified IB/capital-markets franchise (net revenue ~$7.3B) with very high gross margin (98th pct)
- Low SBC intensity (8.7th pct) and a large cash/investments base (86th pct)
Risks
- Sub-par returns: ROE 6.4% (27th pct), ROA 0.9% (31st pct), net margin 6.3% (31st pct)
- Earnings declined ~5%, leverage 1.5x D/E, and revenue is principal-trading dependent and inherently volatile
Notable findings
- Buying back stockNet buyback — share count -7%/yr over 4y
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
98.2%
Net margin
6.3%
Return on equity
6.4%
Return on assets
0.9%
Revenue growth (QoQ)
-2.6%
Net-income growth
-4.7%
Debt / equity
1.5×
Tangible book value
$8.5B
Cash & investments
$14.0B
Stock comp / revenue
0.8%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-29 | O Kane Michael T | Grant | 538 | $52.72 |
| 2026-05-29 | BEYER ROBERT D | Grant | 501 | $52.72 |
| 2026-05-29 | FRIEDMAN BRIAN P | Grant | 29K | $52.72 |
| 2026-05-29 | Sharp Michael J. | Grant | 746 | $52.72 |
| 2026-05-29 | HANDLER RICHARD B | Tax withheld | 11K | $52.94 |
| 2026-05-29 | Larson Matthew Scott | Grant | 746 | $52.72 |
| 2026-05-29 | HANDLER RICHARD B | Grant | 97K | $52.72 |
| 2026-05-29 | Weiler Melissa | Grant | 165 | $52.72 |
| 2026-05-29 | Ellis-Kirk Matrice | Grant | 165 | $52.72 |
| 2026-05-28 | FRIEDMAN BRIAN P | Disposition | 464 | — |
| 2026-05-28 | HANDLER RICHARD B | Disposition | 487 | — |
| 2026-05-23 | HANDLER RICHARD B | Tax withheld | 1.4M | $52.43 |
| 2026-05-06 | FRIEDMAN BRIAN P | Sell | 1 | $51.91 |
| 2026-05-06 | FRIEDMAN BRIAN P | Sell | 0 | $51.88 |
| 2026-03-26 | Weiler Melissa | Grant | 5.5K | $40.28 |
| 2026-03-26 | O Kane Michael T | Grant | 5.5K | $40.28 |
| 2026-03-26 | Katz Jacob M | Grant | 5.5K | $40.28 |
| 2026-03-26 | JONES THOMAS W | Grant | 5.5K | $40.28 |
| 2026-03-26 | Gilmartin MaryAnne | Grant | 5.5K | $40.28 |
| 2026-03-26 | Ellis-Kirk Matrice | Grant | 5.5K | $40.28 |
| 2026-03-26 | BEYER ROBERT D | Grant | 5.5K | $40.28 |
| 2026-03-26 | Adamany Linda | Grant | 5.5K | $40.28 |
| 2026-03-02 | HANDLER RICHARD B | Gift | 259K | — |
| 2026-03-02 | HANDLER RICHARD B | Gift | 259K | — |
| 2026-02-27 | O Kane Michael T | Grant | 633 | $44.40 |
| 2026-02-27 | FRIEDMAN BRIAN P | Grant | 35K | $44.40 |
| 2026-02-27 | HANDLER RICHARD B | Grant | 115K | $44.40 |
| 2026-02-27 | Larson Matthew Scott | Grant | 877 | $44.40 |
| 2026-02-27 | Sharp Michael J. | Grant | 877 | $44.40 |
| 2026-02-27 | Weiler Melissa | Grant | 145 | $44.40 |
| 2026-02-27 | Ellis-Kirk Matrice | Grant | 145 | $44.40 |
| 2026-02-27 | BEYER ROBERT D | Grant | 540 | $44.40 |
| 2026-02-09 | HANDLER RICHARD B | Gift | 81K | — |
| 2026-02-09 | HANDLER RICHARD B | Gift | 81K | — |
| 2026-02-02 | FRIEDMAN BRIAN P | Gift | 473K | — |
| 2026-01-14 | HANDLER RICHARD B | Gift | 125K | — |
| 2026-01-14 | HANDLER RICHARD B | Gift | 2.1K | — |
| 2026-01-14 | HANDLER RICHARD B | Gift | 122K | — |
| 2026-01-07 | HANDLER RICHARD B | Gift | 130K | — |
| 2026-01-07 | HANDLER RICHARD B | Gift | 130K | — |
| 2026-01-02 | FRIEDMAN BRIAN P | Gift | 1.8K | — |
| 2026-01-02 | FRIEDMAN BRIAN P | Grant | 1.8K | — |
| 2026-01-02 | FRIEDMAN BRIAN P | Gift | 3.0K | — |
| 2026-01-02 | HANDLER RICHARD B | Gift | 600 | — |
| 2025-12-16 | HANDLER RICHARD B | Tax withheld | 219K | $61.16 |
| 2025-12-16 | HANDLER RICHARD B | Gift | 622 | — |
| 2025-12-16 | FRIEDMAN BRIAN P | Tax withheld | 187K | $61.16 |
| 2025-12-12 | HANDLER RICHARD B | Grant | 128K | — |
| 2025-12-12 | HANDLER RICHARD B | Disposition | 128K | — |
| 2025-12-10 | FRIEDMAN BRIAN P | Grant | 121K | $61.83 |
| 2025-12-10 | HANDLER RICHARD B | Disposition | 24K | — |
| 2025-12-10 | HANDLER RICHARD B | Grant | 121K | $61.83 |
| 2025-12-10 | HANDLER RICHARD B | Grant | 121K | $61.83 |
| 2025-12-10 | FRIEDMAN BRIAN P | Disposition | 23K | — |
| 2025-12-10 | FRIEDMAN BRIAN P | Grant | 121K | $61.83 |
| 2025-11-26 | HANDLER RICHARD B | Grant | 90K | $57.23 |
| 2025-11-26 | FRIEDMAN BRIAN P | Grant | 28K | $57.23 |
| 2025-11-26 | Weiler Melissa | Grant | 112 | $57.23 |
| 2025-11-26 | Ellis-Kirk Matrice | Grant | 112 | $57.23 |
| 2025-11-26 | O Kane Michael T | Grant | 488 | $57.23 |
| 2025-11-26 | BEYER ROBERT D | Grant | 416 | $57.23 |
| 2025-11-26 | Larson Matthew Scott | Grant | 676 | $57.23 |
| 2025-11-26 | Sharp Michael J. | Grant | 676 | $57.23 |
| 2025-11-05 | HANDLER RICHARD B | Gift | 2.9K | — |
| 2025-11-05 | HANDLER RICHARD B | Gift | 2.9K | — |
| 2025-11-05 | HANDLER RICHARD B | Gift | 231K | — |
| 2025-11-05 | HANDLER RICHARD B | Gift | 231K | — |
| 2025-10-17 | Larson Matthew Scott | Grant | 97K | — |
| 2025-10-17 | Sharp Michael J. | Grant | 97K | — |
| 2025-08-29 | Weiler Melissa | Grant | 98 | $64.85 |
| 2025-08-29 | Ellis-Kirk Matrice | Grant | 98 | $64.85 |
| 2025-08-29 | O Kane Michael T | Grant | 428 | $64.85 |
| 2025-08-29 | BEYER ROBERT D | Grant | 365 | $64.85 |
| 2025-08-29 | FRIEDMAN BRIAN P | Grant | 24K | $64.85 |
| 2025-08-29 | HANDLER RICHARD B | Grant | 79K | $64.85 |
| 2025-05-29 | HANDLER RICHARD B | Grant | 103K | $49.41 |
| 2025-05-29 | FRIEDMAN BRIAN P | Grant | 32K | $49.41 |
| 2025-05-29 | Weiler Melissa | Grant | 128 | $49.41 |
| 2025-05-29 | Ellis-Kirk Matrice | Grant | 128 | $49.41 |
| 2025-05-29 | O Kane Michael T | Grant | 557 | $49.41 |
| 2025-05-29 | BEYER ROBERT D | Grant | 475 | $49.41 |
| 2025-03-28 | FRIEDMAN BRIAN P | Gift | 83K | — |
| 2025-03-27 | Weiler Melissa | Grant | 4.0K | $54.35 |
| 2025-03-27 | O Kane Michael T | Grant | 4.0K | $54.35 |
| 2025-03-27 | Katz Jacob M | Grant | 4.0K | $54.35 |
| 2025-03-27 | JONES THOMAS W | Grant | 4.0K | $54.35 |
| 2025-03-27 | Gilmartin MaryAnne | Grant | 4.0K | $54.35 |
| 2025-03-27 | Ellis-Kirk Matrice | Grant | 4.0K | $54.35 |
| 2025-03-27 | BEYER ROBERT D | Grant | 4.0K | $54.35 |
| 2025-03-27 | Adamany Linda | Grant | 4.0K | $54.35 |
| 2025-03-14 | HANDLER RICHARD B | Gift | 66K | — |
| 2025-03-14 | HANDLER RICHARD B | Gift | 64K | — |
| 2025-03-14 | HANDLER RICHARD B | Gift | 1.6K | — |
| 2025-02-27 | HANDLER RICHARD B | Grant | 78K | $64.86 |
| 2025-02-27 | FRIEDMAN BRIAN P | Grant | 24K | $64.86 |
| 2025-02-27 | BEYER ROBERT D | Grant | 335 | $64.86 |
| 2025-02-27 | O Kane Michael T | Grant | 422 | $64.86 |
| 2025-02-27 | Ellis-Kirk Matrice | Grant | 72 | $64.86 |
| 2025-02-27 | Weiler Melissa | Grant | 72 | $64.86 |
| 2025-02-14 | HANDLER RICHARD B | Gift | 129K | — |
| 2025-02-14 | HANDLER RICHARD B | Gift | 129K | — |
| 2025-02-07 | HANDLER RICHARD B | Gift | 54K | — |
| 2025-02-07 | HANDLER RICHARD B | Gift | 53K | — |
| 2025-02-07 | HANDLER RICHARD B | Gift | 1.1K | — |
| 2025-01-30 | FRIEDMAN BRIAN P | Gift | 448K | — |
| 2025-01-17 | FRIEDMAN BRIAN P | Gift | 2.5K | — |
| 2025-01-07 | HANDLER RICHARD B | Gift | 127K | — |
| 2025-01-07 | HANDLER RICHARD B | Gift | 127K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-24 | 2026-06-24 | 0000096223-26-000021 ↗ |
| 8-K | 2026-04-28 | 2026-04-23 | 0001140361-26-017485 ↗ |
| 8-K | 2026-04-24 | 2026-04-23 | 0001140361-26-016456 ↗ |
| 10-Q | 2026-04-07 | 2026-02-28 | 0000096223-26-000017 ↗ |
| 8-K | 2026-03-31 | 2026-03-26 | 0001140361-26-012358 ↗ |
| 8-K | 2026-03-25 | 2026-03-25 | 0000096223-26-000012 ↗ |
| 8-K | 2026-03-09 | 2025-10-08 | 0001140361-26-008339 ↗ |
| 8-K | 2026-02-11 | 2026-02-11 | 0001140361-26-004802 ↗ |
| 10-K | 2026-01-28 | 2025-11-30 | 0000096223-26-000009 ↗ |
| 8-K | 2026-01-16 | 2026-01-13 | 0001140361-26-001506 ↗ |
| 8-K | 2026-01-14 | 2026-01-13 | 0001140361-26-001121 ↗ |
| 8-K | 2026-01-07 | 2026-01-07 | 0000096223-26-000003 ↗ |