Jefferies Financial Group Inc. (NYSE: JEF) recently reported its monetary results for the 3 and nine month periods ended August 31, 2019.
On Thursday Jefferies Financial Group Inc. (NYSE: JEF) above 0.33% and ended at $21.03. The stock market capitalization came to $6.24 B and overall traded volume was 2.95 M shares. Throughout last trade, its optimum trading price was signed up $21.11 and its the minimum trading cost was kept in mind $20.98.
Highlights for the three months ended August 31, 2019:
Merchant Banking pre-tax income of $28M, reflecting strong performance from National Beef and Vitesse, and the gain related to the HomeFed deal, balanced out by reasonable worth changes to both our investment in We and some of our mark-to-market investments in public companies.
Return of excess capital, consisting of reported special dividend of Spectrum Brands ordinary stock, share repurchases and cash dividends, totaling about $900M; share repurchases throughout the 9 months totaled 17.7 M shares for $352M, or an average cost of $19.87 per share.
Earnings attributable to Jefferies Financial Group common investors of $764M, or $2.41 per diluted share, including the effect of a nonrecurring tax advantage of $545M; adjusted net income of $219M2, or $0.70 per diluted share2.
Jefferies Group (Investment Banking, Capital Markets and Asset Management) pre-tax income of $301M and net revenues of $221M.
Merchant Banking pre-tax loss of $43M, reflecting strong performance by National Beef and a gain related to the purchase of the staying interest in HomeFed, over balanced out by the $146M reasonable worth adjustment to our investment in We.
Return of capital through an unique dividend of Spectrum Brands Ordinary Stock, valued at about $450M at statement on September 16, 2019; about $330M staying to be purchased under prior to licensed share buyback.
Jefferies Financial Group had parent company liquidity of $1.4 B at August 31, 2019.
Overall Net Revenues of $2,365 M.
Investment Banking Net Revenues of $1,129 M, below-normal Because of the impact of market conditions in December and the shutdown of the U.S. Government in December and January.
Total Equities and Fixed Income Net Revenues of $1,092 M.
Asset Management Revenues (before Allocated net interest1) of $121M.
Emphasizes for the nine months ended August 31, 2019:.
Earnings attributable to Jefferies Financial Group normal shareholders of $48M, or $0.15 per diluted share, showing solid outcomes at Jefferies Group and specific of our merchant banking investments, balanced out by a non-cash fair worth reduction of $146M to our investment in The We Company (we invested $9M in We, have received $31M in cash and continue to own about 0.8% of Wes fully diluted shares).
Jefferies Group (Investment Banking, Capital Markets and Asset Management) pre-tax earnings of $83M and net incomes of $65M.
Overall Net Revenues of $777M.
Financial Investment Banking Net Revenues of $403M.
Overall Equities and Fixed Income Net Revenues of $342M.
Property Management Revenues (before Allocated net interest1) of $29M.