NYSE:JEF

Track all markets on TradingView - Prices are not updated in real time
Jefferies Stock Falls 2.7% as BMO and UBS Cut Price Targets

Jefferies Financial Group shares fell 2.7% to $52.49 on Friday as BMO Capital Markets and UBS lowered their price targets on the investment banking and capital markets firm.

BMO Capital Markets analyst Brennan Hawken reduced the firm’s price target to $57 from $60 while maintaining a Market Perform rating. The new target represents roughly 9% upside from Jefferies’ current share price.

UBS analyst Michael Brown also lowered his target, cutting it to $61 from $65 while maintaining a Neutral rating. The revised UBS target implies approximately 16% upside.

Capital One separately set a $57 price target on Jefferies. The combination of lower targets from BMO and UBS reinforces a cautious analyst outlook and comes as Jefferies shares trade under pressure.
💬
Author
Global Finance News 09-11-26
Jefferies Financial Group Inc. announced the pricing of a $1.5 billion public offering of 5.500% senior notes due 2036, as part of its funding activities. The notes will carry an effective yield of 5.605% and are scheduled to mature on February 15, 2036, with settlement expected on January 16, 2026, subject to customary closing conditions.
💬
Author
WS Investor 01-14-26
Jefferies Financial Group announced it will acquire a 50% interest in Hildene Holding Company, expanding a strategic partnership formed in 2022. Jefferies will exchange its existing revenue share, part of its stake in a Hildene-managed private fund, and $340 million in cash for half of the firm. Hildene’s principals will contribute their ownership and approximately $250 million of fund-related equity to retain the remaining 50%. The transaction is expected to close in Q3 2026, pending regulatory and client approvals.

The move coincides with Hildene’s agreement to acquire SILAC, an annuity provider, for $550 million. SILAC manages about $10 billion in admitted assets and originated $2.5 billion in annuities in 2024. After closing, Hildene will also hold a majority stake in its affiliated reinsurer, Hildene Re. Jefferies expects the investment to be immediately accretive, funded largely by reducing other Leucadia Asset Management exposures, and to generate a $75 million pretax gain upon revaluing its pre-existing interest.

Executives from both firms said the expanded partnership strengthens their long-term credit investment strategies and positions Hildene to scale its platform and broaden origination capabilities.
💬
Author
WS Investor 12-08-25
Jefferies downplays First Brands impact; details limited exposure, strong liquidity

Jefferies (NYSE: JEF) published a letter from CEO Rich Handler and President Brian Friedman addressing concerns tied to First Brands’ bankruptcy, saying any losses are “readily absorbable.” The firm cited $10.5B total equity, $8.5B tangible equity, and $11.5B cash (as of Aug. 31, 2025), plus momentum reflected in annualized Q3 results of ~$8.2B net revenue and ~$1.0B net earnings.

Jefferies detailed exposure primarily through Point Bonita Capital: $43M (5.9%) of receivables purchased from First Brands and about $2M indirect exposure via CLOs holding First Brands loans. Management said Point Bonita investors have submitted redemptions effective Dec. 31, 2025, to be paid pro rata over four quarters through Oct. 2026. The firm denied undisclosed fees, said it had no prior knowledge of fraud, and noted fees from Point Bonita equate to ~0.8% of Jefferies’ LTM net revenue.

Jefferies also pointed to its expanded SMBC alliance—including $2.5B in new credit facilities and SMBC’s plan to lift its stake to up to 20%—as further support for liquidity and business momentum.
💬
Author
European Investor 10-14-25
Jefferies said that its exposure to the bankruptcy of First Brands Group is limited. Through Point Bonita Capital under Leucadia Asset Management, Jefferies holds a small stake in a $3 billion trade-finance portfolio that includes about $715 million of receivables linked to First Brands, whose remittances stopped in mid-September amid investigations into possible double factoring. Jefferies also disclosed that its Apex Credit Partners unit manages CLOs holding roughly $48 million of First Brands term loans, about 1 percent of its CLO assets, and confirmed it owns no other First Brands securities.
💬
Author
WS Investor 10-08-25
Jefferies reported strong third-quarter 2025 results, with net earnings attributable to common shareholders rising to $224 million from $167 million a year earlier. Diluted EPS from continuing operations was $1.01, up from $0.72 in Q3 2024. Total net revenues climbed to $2.05 billion from $1.68 billion, driven by record investment banking advisory results, robust equities performance, and improved asset management revenues.

Return on adjusted tangible shareholders’ equity improved to 13.6% from 10.3% a year ago. Book value per share increased to $50.60, while adjusted tangible book value per fully diluted share rose to $33.38.

The Board declared a quarterly cash dividend of $0.40 per share, payable November 26, 2025. Management noted that a rebound in global market sentiment, coupled with Jefferies’ expanded talent base, global reach, and product offerings, has strengthened the firm’s position for long-term growth.
💬
Author
The Investor 09-29-25