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JEF

Jefferies Financial Group Inc.

In the published model solve dated 2026-Q2, anchored at $54.64, Jefferies Financial Group Inc. (JEF) is priced for +9.6% earnings growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.

Published model solve
+9.6% earnings growth
Priced In
within-range

Key Takeaways

• Jefferies is a full-service investment bank, with investment banking and capital markets about 90% of revenue and asset management the rest, so its results swing with the deal and trading cycle. • At $62.11 the asset, earnings-power, and peer-multiple methods all say richly valued; only the growth-DCF reaches the price, making it a bet on durable compounding in a cyclical business. • The second quarter rode a deal boom, with investment-banking net revenues a quarterly record at $1.21 billion,

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Institutional ownership

533 institutional managers reported holding JEF in 13F filings for the quarter ended 2026-03-31. Together they hold about 62% of the company; the top 10 hold 32%. 69 opened new positions that quarter. Held by BlackRock, Vanguard Group, AQR Capital, among others. On the short side, 4.8M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (2.9 days of typical volume to cover).

Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.

Capital returns

JEF has cut its share count 21.7% over the past five years, spending $1.45B on repurchases. It pays a dividend, and has for 13 years running, raised 9 years straight; the current rate is $1.60 a share annually. Cash returned over the past three years: $909.78M in dividends and $281.54M in repurchases.

Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.

Insider activity

Open-market insider buys at JEF over the trailing three years: 2024: 1 buy totaling $551.77M. 14 officers and directors are on file.

Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.

Earnings reactions

JEF's recent reports: the day-one move, then what the following quarter actually did.

reportday onenext quarter
2023-07-08-0.6%+13.7%
2023-10-07+1.9%+3.9%
2024-01-27-0.7%+7.7%
2024-04-060.0%+1.6%

Day-one is the close-to-close move around the filing. Nothing here is investment advice.

Recent filings

JEF's latest 8-K filings: 2026-07-15 (items 8.01, 9.01); 2026-07-08 (items 8.01, 9.01); 2026-06-24 (items 2.02, 9.01); 2026-04-28 (items 8.01, 9.01); 2026-04-24 (items 8.01, 9.01).

Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.

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Model solve date: 2026-Q2
Narrative composed: June 27, 2026

For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.