National Asset Management Inc. Has $252,000 Position in Leucadia National Corporation (LUK)
National Asset Management Inc. cut its stake in shares of Leucadia National Corporation (NYSE:LUK) by 1.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,590 shares of the conglomerate’s stock after selling 161 shares during the period. National Asset Management Inc.’s holdings in Leucadia National Corporation were worth $252,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. State of Wisconsin Investment Board grew its stake in shares of Leucadia National Corporation by 30.2% during the second quarter. State of Wisconsin Investment Board now owns 282,552 shares of the conglomerate’s stock worth $7,392,000 after purchasing an additional 65,460 shares during the period. Clearbridge Investments LLC grew its stake in shares of Leucadia National Corporation by 23.1% during the first quarter. Clearbridge Investments LLC now owns 32,000 shares of the conglomerate’s stock worth $832,000 after purchasing an additional 6,000 shares during the period. Jane Street Group LLC acquired a new stake in shares of Leucadia National Corporation during the first quarter worth $789,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Leucadia National Corporation by 20.5% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 82,668 shares of the conglomerate’s stock worth $2,163,000 after purchasing an additional 14,059 shares during the period. Finally, Thompson Siegel & Walmsley LLC grew its stake in shares of Leucadia National Corporation by 38.5% during the second quarter. Thompson Siegel & Walmsley LLC now owns 631,478 shares of the conglomerate’s stock worth $16,519,000 after purchasing an additional 175,635 shares during the period. 74.65% of the stock is owned by institutional investors and hedge funds.
Leucadia National Corporation (LUK) traded down 0.447% on Tuesday, reaching $25.595. The company’s stock had a trading volume of 91,250 shares. The company has a market cap of $9.18 billion, a P/E ratio of 15.172 and a beta of 1.27. Leucadia National Corporation has a 12 month low of $17.87 and a 12 month high of $27.34. The stock’s 50 day moving average price is $24.22 and its 200 day moving average price is $25.26.
Leucadia National Corporation (NYSE:LUK) last issued its quarterly earnings results on Thursday, July 27th. The conglomerate reported $0.16 earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the previous year, the business posted $0.15 earnings per share. The business’s revenue was up 4.1% on a year-over-year basis. Equities research analysts forecast that Leucadia National Corporation will post $1.31 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Monday, September 18th were issued a dividend of $0.10 per share. This is an increase from Leucadia National Corporation’s previous quarterly dividend of $0.06. This represents a $0.40 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend was Friday, September 15th. Leucadia National Corporation’s dividend payout ratio (DPR) is presently 23.67%.
A number of equities research analysts recently commented on the company. Zacks Investment Research raised Leucadia National Corporation from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Tuesday, October 10th. BidaskClub cut Leucadia National Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th.
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Leucadia National Corporation 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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