Jefferies CEO Richard Handler sells $65.25 million worth of company stock

Jefferies Financial Group Inc. (NYSE: JEF ) Chief Executive Richard B. Handler recently made a move in the financial sector, selling a large portion of the company's Some stocks. The transaction, which took place on April 24, 2024, involved the sale of 1,500,000 shares at a price of $43.5006 per share, for a total value of approximately $65.25 million.

Despite this significant sale, Handler retains a strong position within the company and still directly owns 15,314,150 shares following the transaction. In addition, Handler holds some indirect shares through various trusts and LLCs, demonstrating his ongoing investment in the company's future. These holdings include 279,504 shares held by the spousal trust, 234,148 shares held by the 2021 LLC, 331,685 shares held by the 2022 LLC, 85,584 shares held by the 2022-A LLC, and 57,940 shares held by the 2023-A LLC. 280,173 shares, and 123,442 shares held by the trustees of the profit-sharing plan.

The sale is a notable event for Jefferies Financial Group, which is known for its position in securities brokerage, trading and listing services. Investors often pay close attention to insider trading because they can provide insight into what senior executives think of a company's performance and prospects.

As of the latest report, the company's shares are publicly traded on the New York Stock Exchange under the ticker NYSE:JEF, and the stock continues to attract attention from investors who closely follow the financial industry.

Investment Professional Insights

Following news that Jefferies Financial Group Inc. (NYSE: JEF ) Chief Executive Richard B. Handler is selling stock, a closer look at the company's financial metrics provides investors with more information. Broad background. The current market cap is $9.47 billion and the P/E ratio is 36.43, taking into account the trailing 12 months to Q1 2024, the P/E ratio is 33.12. The stock is priced optimistically relative to its earnings.

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On the positive side, Jefferies Financial Group has demonstrated its strong commitment to returning value to shareholders and has maintained dividends for 15 consecutive years, with a current dividend yield of 2.69%. This consistency demonstrates the company's stability and can be a reassuring sign for investors looking for a steady revenue stream.

Although revenue fell 7.44% in the trailing 12 months to the first quarter of 2024, the company's gross margin remained high at 75.36%, reflecting its ability to maintain profitability. Additionally, analysts predict the company will be profitable this year, bolstering confidence in its financial health. Investors should note that Jefferies Financial Group also offers seven additional InvestingPro Tips, which can be accessed by visiting coupon code PRONEWS24 Annual or biennial Pro and Pro+ subscriptions receive an additional 10% discount.

This article was generated with the support of artificial intelligence and reviewed by an editor. For more information, please see our terms and conditions.

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