Lexmark International Inc. (LXK) Stake Cut by LSV Asset Management
LSV Asset Management decreased its position in Lexmark International Inc. (NYSE:LXK) by 11.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,581,245 shares of the company’s stock after selling 342,100 shares during the period. LSV Asset Management owned 4.10% of Lexmark International worth $103,146,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its position in Lexmark International by 24.1% in the third quarter. PNC Financial Services Group Inc. now owns 2,597 shares of the company’s stock worth $104,000 after buying an additional 505 shares in the last quarter. BOKF NA bought a new position in Lexmark International during the second quarter worth $123,000. Tower Research Capital LLC TRC increased its position in Lexmark International by 1,318.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,290 shares of the company’s stock worth $124,000 after buying an additional 3,058 shares in the last quarter. Opera Trading Capital bought a new position in Lexmark International during the second quarter worth $132,000. Finally, LS Investment Advisors LLC increased its position in Lexmark International by 78.2% in the second quarter. LS Investment Advisors LLC now owns 3,761 shares of the company’s stock worth $142,000 after buying an additional 1,651 shares in the last quarter. 81.78% of the stock is currently owned by institutional investors.
Lexmark International Inc. (NYSE:LXK) opened at 40.49 on Tuesday. Lexmark International Inc. has a 52 week low of $24.11 and a 52 week high of $40.50. The stock’s market cap is $2.55 billion. The stock has a 50 day moving average of $39.97 and a 200-day moving average of $37.71.
Lexmark International (NYSE:LXK) last released its earnings results on Friday, October 28th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.18. The business had revenue of $844 million for the quarter. Lexmark International had a negative net margin of 1.93% and a positive return on equity of 17.62%. Analysts forecast that Lexmark International Inc. will post $2.44 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, December 2nd will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 3.56%. The ex-dividend date is Wednesday, November 30th. Lexmark International’s dividend payout ratio (DPR) is currently -133.33%.
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Separately, Zacks Investment Research raised shares of Lexmark International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 25th. Five research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average price target of $35.50.
About Lexmark International
Lexmark International, Inc is a developer, manufacturer and supplier of printing, imaging, device management, managed print services (MPS), document workflow, and business process and content management solutions. The Company operates through two segments: Imaging Solutions and Services (ISS) and Enterprise Software.
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