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Video: What is a Stock Split?
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Jefferies Financial Group is a holding company. Through its subsidiaries, Co. is an integrated investment banking and securities firm. Co.'s segments are: Investment Banking and Capital Markets, which focuses on Investment Banking such as financial advisory, equity underwriting and debt underwriting services, Equities such as Equities Research, Capital Markets, Equity Finance and Wealth Management, Fixed Income such as sales and trading across various fixed income securities, and Other Investment Banking Activities; and Asset Management, which manages and provides services to a group of alternative asset management platforms across a range of investment strategies and asset classes. According to our JEF split history records, Jefferies Group has had 6 splits. | |
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Jefferies Group (JEF) has 6 splits in our JEF split history database. The first split for JEF took place on April 01, 1996. This was a 2 for 1
split, meaning for each share of JEF owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. JEF's second split took place on December 16, 1997. This was a 2 for 1
split, meaning for each share of JEF owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. JEF's third split took place on August 18, 2003. This was a 2 for 1 split, meaning for each share of JEF owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split. JEF's 4th split took place on May 16, 2006. This was a 2 for 1 split, meaning for each share of JEF owned pre-split, the shareholder now owned 2 shares. For example, a 8000 share position pre-split, became a 16000 share position following the split. JEF's 5th split took place on September 27, 2019. This was a 1068 for 1000 split, meaning for each 1000 shares of JEF owned pre-split, the shareholder now owned 1068 shares. For example, a 16000 share position pre-split, became a 17088 share position following the split. JEF's 6th split took place on January 17, 2023. This was a 1046 for 1000 split, meaning for each 1000 shares of JEF owned pre-split, the shareholder now owned 1046 shares. For example, a 17088 share position pre-split, became a 17874.048 share position following the split.
When a company such as Jefferies Group splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the JEF split history from start to finish, an original position size of 1000 shares would have turned into 17874.048 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Jefferies Group shares, starting with a $10,000 purchase of JEF, presented on a split-history-adjusted basis factoring in the complete JEF split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/01/2014 |
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End date: |
03/28/2024 |
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Start price/share: |
$24.93 |
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End price/share: |
$44.10 |
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Starting shares: |
401.12 |
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Ending shares: |
503.86 |
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Dividends reinvested/share: |
$5.85 |
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Total return: |
122.20% |
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Average Annual Total Return: |
8.31% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$22,212.15 |
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Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/01/2014 |
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End date: |
03/28/2024 |
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Start price/share: |
$24.93 |
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End price/share: |
$44.10 |
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Dividends collected/share: |
$5.85 |
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Total return: |
100.37% |
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Average Annual Total Return: |
7.20% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$20,038.50 |
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Years: |
10.00 |
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Date |
Ratio |
04/01/1996 | 2 for 1
| 12/16/1997 | 2 for 1
| 08/18/2003 | 2 for 1 | 05/16/2006 | 2 for 1 | 09/27/2019 | 1068 for 1000 | 01/17/2023 | 1046 for 1000 |
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