Sumitomo Mitsui Asset Management Company LTD lowered its position in Leucadia National Corporation (NYSE:LUK) by 12.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,319 shares of the conglomerate’s stock after selling 3,463 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Leucadia National Corporation were worth $636,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of LUK. Contravisory Investment Management Inc. raised its position in shares of Leucadia National Corporation by 63.6% in the first quarter. Contravisory Investment Management Inc. now owns 5,162 shares of the conglomerate’s stock worth $134,000 after buying an additional 2,006 shares during the last quarter. IFP Advisors Inc raised its position in shares of Leucadia National Corporation by 14.2% in the first quarter. IFP Advisors Inc now owns 6,258 shares of the conglomerate’s stock worth $163,000 after buying an additional 776 shares during the last quarter. Old Mutual Global Investors UK Ltd. purchased a new position in shares of Leucadia National Corporation during the first quarter worth $192,000. Atria Investments LLC purchased a new position in shares of Leucadia National Corporation during the first quarter worth $200,000. Finally, Ameritas Investment Partners Inc. purchased a new position in shares of Leucadia National Corporation during the first quarter worth $202,000. 75.48% of the stock is currently owned by institutional investors.
Shares of Leucadia National Corporation (NYSE:LUK) opened at 23.97 on Friday. The stock has a market capitalization of $8.60 billion, a price-to-earnings ratio of 14.21 and a beta of 1.25. The company has a 50-day moving average price of $26.08 and a 200-day moving average price of $25.66. Leucadia National Corporation has a 52-week low of $17.87 and a 52-week high of $27.33.
Leucadia National Corporation (NYSE:LUK) last announced its quarterly earnings data on Thursday, July 27th. The conglomerate reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.14. The company had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.65 billion. Leucadia National Corporation had a net margin of 5.94% and a return on equity of 6.27%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.15 EPS. On average, equities analysts anticipate that Leucadia National Corporation will post $1.29 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, September 18th will be paid a dividend of $0.10 per share. This is a boost from Leucadia National Corporation’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.67%. Leucadia National Corporation’s payout ratio is presently 3.55%.
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A number of equities analysts have recently weighed in on LUK shares. TheStreet raised Leucadia National Corporation from a “c” rating to a “b” rating in a research report on Friday, May 5th. BidaskClub raised Leucadia National Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, Zacks Investment Research lowered Leucadia National Corporation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 11th.
Leucadia National Corporation Company Profile
Leucadia National Corporation (Leucadia) is a diversified holding company focused on return on investment and long-term value. The Company’s segments, based on requirements are Jefferies, National Beef, and Corporate and other. Jefferies is a global full-service, integrated securities and investment banking firm.
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