Stifel Financial Corp trimmed its holdings in Leucadia National Corp. (NYSE:LUK) by 54.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,553 shares of the conglomerate’s stock after selling 43,341 shares during the quarter. Stifel Financial Corp’s holdings in Leucadia National were worth $933,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. Thrivent Financial For Lutherans increased its stake in Leucadia National by 3.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 12,271 shares of the conglomerate’s stock valued at $321,000 after buying an additional 400 shares during the period. Assenagon Asset Management S.A. acquired a new position in Leucadia National in the 3rd quarter valued at $8,823,000. Gyroscope Capital Management Group LLC increased its stake in Leucadia National by 50.0% in the 2nd quarter. Gyroscope Capital Management Group LLC now owns 132,015 shares of the conglomerate’s stock valued at $3,454,000 after buying an additional 44,005 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Leucadia National by 20.5% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 82,668 shares of the conglomerate’s stock valued at $2,163,000 after buying an additional 14,059 shares during the period. Finally, Thompson Siegel & Walmsley LLC increased its stake in Leucadia National by 38.5% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 631,478 shares of the conglomerate’s stock valued at $16,519,000 after buying an additional 175,635 shares during the period. 74.86% of the stock is currently owned by institutional investors and hedge funds.
LUK has been the topic of several recent research reports. Zacks Investment Research raised shares of Leucadia National from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Tuesday, October 10th. TheStreet raised shares of Leucadia National from a “c+” rating to a “b-” rating in a research note on Friday, November 3rd.
Leucadia National (NYSE:LUK) last announced its quarterly earnings data on Thursday, October 26th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.10. The company had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.66 billion. Leucadia National had a net margin of 5.48% and a return on equity of 5.83%. Leucadia National’s quarterly revenue was up 8.2% compared to the same quarter last year. equities research analysts anticipate that Leucadia National Corp. will post 1.59 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, December 27th. Shareholders of record on Wednesday, December 13th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, December 12th. This represents a $0.40 annualized dividend and a dividend yield of 1.51%. Leucadia National’s payout ratio is currently 25.81%.
Leucadia National 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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