BlackRock Fund Advisors raised its stake in Leucadia National Corporation (NYSE:LUK) by 3.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,254,239 shares of the company’s stock after buying an additional 164,145 shares during the period. BlackRock Fund Advisors owned 1.46% of Leucadia National Corporation worth $100,041,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. raised its position in Leucadia National Corporation by 45.5% in the third quarter. Victory Capital Management Inc. now owns 6,192 shares of the company’s stock valued at $118,000 after buying an additional 1,937 shares during the period. Strs Ohio purchased a new stake in shares of Leucadia National Corporation during the third quarter worth approximately $132,000. Daiwa Securities Group Inc. raised its stake in shares of Leucadia National Corporation by 14.3% in the second quarter. Daiwa Securities Group Inc. now owns 8,000 shares of the company’s stock worth $139,000 after buying an additional 1,000 shares during the last quarter. First Allied Advisory Services Inc. raised its stake in shares of Leucadia National Corporation by 1.5% in the second quarter. First Allied Advisory Services Inc. now owns 10,335 shares of the company’s stock worth $173,000 after buying an additional 150 shares during the last quarter. Finally, Cedar Wealth Management LLC raised its stake in shares of Leucadia National Corporation by 51.8% in the second quarter. Cedar Wealth Management LLC now owns 10,170 shares of the company’s stock worth $176,000 after buying an additional 3,470 shares during the last quarter. 71.27% of the stock is owned by hedge funds and other institutional investors.
Shares of Leucadia National Corporation (NYSE:LUK) opened at 23.22 on Tuesday. Leucadia National Corporation has a one year low of $14.27 and a one year high of $24.17. The company has a market capitalization of $8.36 billion, a price-to-earnings ratio of 198.46 and a beta of 1.41. The firm’s 50-day moving average price is $22.97 and its 200-day moving average price is $19.70.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 28th. Shareholders of record on Wednesday, December 14th were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Monday, December 12th. This represents a $0.25 annualized dividend and a yield of 1.08%. Leucadia National Corporation’s payout ratio is 54.55%.
LUK has been the subject of a number of research analyst reports. Zacks Investment Research raised Leucadia National Corporation from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Wednesday, October 5th. Oppenheimer Holdings, Inc. boosted their target price on Leucadia National Corporation from $23.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, November 30th.
Leucadia National Corporation Company Profile
Leucadia National Corporation (Leucadia) is a diversified holding company focused on return on investment and long-term value creation to maximize shareholder value. The Company’s financial services businesses include Jefferies Group LLC (investment banking and capital markets), Leucadia Asset Management (asset management), Berkadia (commercial mortgage banking and servicing), FXCM (a publicly traded company providing online foreign exchange trading), HomeFed Corporation (HomeFed) (a publicly traded real estate company) and Foursight Capital and Chrome Capital (vehicle finance).
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