Jefferies CEO Rich Handler cashes in more than $65M in stock to buy yacht [FOX Business Network]
Jefferies Financial Group Inc. (JEF)
Last jefferies financial group inc. earnings: 10/25 04:42 pm
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Source: FOX Business Network
The investment bank on Wednesday disclosed the transaction in both a press release and Securities and Exchange Commission filing, saying its CEO had done so "to facilitate the purchase of a personal boat and to pay tax obligations." The sale involved 1.5 million shares and equated to $65.25 million, according to Jefferies. Handler said in a statement that he "do[es] not intend to sell any further shares." Jefferies shares have posted more than a 41% increase in the past year. Handler's stake in the investment bank became roughly 19.25 million shares "on a fully diluted basis" post-transaction, according to Jefferies. Ticker Security Last Change Change % JEF JEFFERIES FINANCIAL GROUP INC. Powered By "I remain extremely bullish on Jefferies and fully committed to helping us continue to build the best independent, global and full-service investment banking firm," the CEO said. Jefferies Financial Group Handler explained the offloading of shares as a "gift to
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- Jefferies Financial Group Inc. (NYSE: JEF) had its price target raised by analysts at Oppenheimer Holdings Inc. from $54.00 to $56.00. They now have an "outperform" rating on the stock.MarketBeat
JEF
Earnings
- 3/27/24 - Miss
JEF
Sec Filings
- 5/3/24 - Form 424B2
- 5/3/24 - Form 424B2
- 5/3/24 - Form 424B2
- JEF's page on the SEC website