Jefferies Financial Group Stock Price, News & Analysis

Jefferies Financial Group reported an all-time record annual pre-tax income with a 24.5% return on adjusted tangible equity for 2021. In Q4, net income attributable to shareholders was $325 million or $1.20 per diluted share, with adjusted net income of $369 million or $1.36 per diluted share. Investment Banking net revenues reached $1.18 billion, while asset management suffered a 52% decline in revenues compared to the previous year. The quarterly dividend was increased by 20% to $0.30 per share.

Jefferies Financial Group Inc. (NYSE: JEF) has appointed Thomas W. Jones to its Board of Directors effective March 28, 2022. Mr. Jones, founder of TWJ Capital LLC and former CEO at Citigroup, brings extensive financial services experience. Frank Borges is stepping down after nearly nine years on the Board, effective the same date, due to his new responsibilities at Ares Management. Linda Adamany has been named the new Lead Independent Director. This leadership transition aims to strengthen Jefferies' governance and strategic direction.

Jefferies Financial Group Inc. (NYSE: JEF) will release its fourth-quarter and annual financial results on January 12, 2022. Jefferies, a leading diversified financial services company, offers a range of services, including investment banking, capital markets, and asset management, with nearly 60 years of experience. The firm operates globally, with significant presence in the Americas, Europe, and Asia, and is recognized as the largest independent, full-service investment banking firm in the U.S.

IsZo Capital Management LP has issued a letter to Jefferies Financial Group, expressing disappointment over the lack of response regarding alleged unethical practices in its prime brokerage business. IsZo claims that Jefferies is unlawfully withholding funds as collateral for non-existent positions, leading to significant financial losses for clients. The letter emphasizes systemic issues within Jefferies and the involvement of specific employees in these alleged fraudulent activities. IsZo plans to maintain a website documenting these claims to raise public awareness.

Jefferies Credit Partners (JCP) has appointed Steve Marino as the new Head of Investor Solutions. Marino, who has extensive experience in institutional credit management, aims to enhance product development and strategy. Previously, he led the Private Investments program for South Carolina, managing a $10 billion portfolio and achieving significant growth. JCP, part of Jefferies Finance LLC, manages over $10 billion in capital, focusing on providing exclusive private credit investment opportunities.

IsZo Capital Management has issued an open letter to Jefferies Financial Group, alleging fraud and misappropriation of over $28 million in fees and interest. The company claims Jefferies systematically stole money through illegal charges and has seized $5 million from IsZo's account in retaliation for moving its assets. IsZo plans to report these allegations to the SEC and NYAG to prompt an investigation into Jefferies' actions. The letter emphasizes the severe risks of holding assets at Jefferies due to these alarming practices.

M Science has launched an enhanced video games intelligence platform, expanding its reach from the U.S. into Europe. This development allows for comprehensive tracking and insights from millions of players across various distribution channels and over 1,000 games in real-time. The initial rollout covers the U.K. and France, with Spain and Germany to follow. The platform aims to provide clients with critical metrics including revenue tracking, cohort analysis, and extensive user data, enhancing decision-making capabilities for stakeholders in the gaming ecosystem.

Jefferies Financial Group Inc. (NYSE:JEF) has announced the completion of its cash tender offer for its 5.5% Senior Notes due 2023, with $303.4 million of the $750 million outstanding notes validly tendered. The tender offer expired on November 5, 2021, and payments for the notes are scheduled for November 9, 2021. The tender offer was subject to certain conditions, which have been satisfied or waived. Jefferies LLC acted as the dealer manager for this process.

M Science has launched a new Digital Sports Betting and iGaming platform, enabling clients to track key metrics weekly across states. This data-driven solution enhances market intelligence for companies in a rapidly growing sector, which traditionally relied on limited state disclosures. The platform facilitates in-depth analysis of competitive and consumer behaviors, offering insights into market share and customer retention. M Science, a subsidiary of Jefferies Financial Group (JEF), continues its mission to provide actionable intelligence through its extensive research capabilities.