River & Mercantile Asset Management LLP raised its stake in Leucadia National Corporation (NYSE:LUK) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 109,600 shares of the conglomerate’s stock after buying an additional 200 shares during the period. River & Mercantile Asset Management LLP’s holdings in Leucadia National Corporation were worth $2,867,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Federated Investors Inc. PA increased its position in Leucadia National Corporation by 0.3% in the second quarter. Federated Investors Inc. PA now owns 16,014 shares of the conglomerate’s stock valued at $419,000 after buying an additional 52 shares during the last quarter. Creative Planning increased its position in Leucadia National Corporation by 0.4% in the second quarter. Creative Planning now owns 12,316 shares of the conglomerate’s stock valued at $322,000 after buying an additional 55 shares during the last quarter. ING Groep NV increased its position in Leucadia National Corporation by 0.4% in the second quarter. ING Groep NV now owns 16,589 shares of the conglomerate’s stock valued at $434,000 after buying an additional 59 shares during the last quarter. CIBC Asset Management Inc increased its position in Leucadia National Corporation by 0.3% in the second quarter. CIBC Asset Management Inc now owns 32,772 shares of the conglomerate’s stock valued at $857,000 after buying an additional 90 shares during the last quarter. Finally, US Bancorp DE increased its position in Leucadia National Corporation by 0.3% in the second quarter. US Bancorp DE now owns 30,860 shares of the conglomerate’s stock valued at $807,000 after buying an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 74.73% of the company’s stock.

Shares of Leucadia National Corporation (NYSE:LUK) opened at 24.23 on Monday. Leucadia National Corporation has a 1-year low of $17.87 and a 1-year high of $27.33. The stock has a 50 day moving average of $25.74 and a 200 day moving average of $25.66. The company has a market cap of $8.69 billion, a price-to-earnings ratio of 14.36 and a beta of 1.25.

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 consensus estimate of $0.30 by $0.14. Leucadia National Corporation had a return on equity of 6.27% and a net margin of 5.94%. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the previous year, the business earned $0.15 earnings per share. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, equities analysts forecast that Leucadia National Corporation will post $1.29 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Monday, September 18th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.65%. This is a boost from Leucadia National Corporation’s previous quarterly dividend of $0.06. The ex-dividend date is Friday, September 15th. Leucadia National Corporation’s dividend payout ratio (DPR) is presently 3.55%.

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Several research firms have weighed in on LUK. BidaskClub downgraded shares of Leucadia National Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. Zacks Investment Research downgraded shares of Leucadia National Corporation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 11th. Finally, TheStreet upgraded shares of Leucadia National Corporation from a “c” rating to a “b” rating in a report on Friday, May 5th.

About Leucadia National Corporation

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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Institutional Ownership by Quarter for Leucadia National Corporation (NYSE:LUK)

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