Mitsubishi UFJ Trust & Banking Corp Sells 19,494 Shares of Leucadia National Corp. (LUK)
Mitsubishi UFJ Trust & Banking Corp reduced its position in shares of Leucadia National Corp. (NYSE:LUK) by 1.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,335,167 shares of the conglomerate’s stock after selling 19,494 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.37% of Leucadia National worth $33,713,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Thrivent Financial For Lutherans grew its stake in shares of Leucadia National by 3.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 12,271 shares of the conglomerate’s stock valued at $321,000 after purchasing an additional 400 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Leucadia National during the 3rd quarter valued at approximately $8,823,000. State of Wisconsin Investment Board grew its stake in shares of Leucadia National by 30.2% during the 2nd quarter. State of Wisconsin Investment Board now owns 282,552 shares of the conglomerate’s stock valued at $7,392,000 after acquiring an additional 65,460 shares during the period. Gyroscope Capital Management Group LLC grew its stake in shares of Leucadia National by 50.0% during the 2nd quarter. Gyroscope Capital Management Group LLC now owns 132,015 shares of the conglomerate’s stock valued at $3,454,000 after acquiring an additional 44,005 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Leucadia National by 20.5% during 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 acquiring an additional 14,059 shares during the period. Institutional investors and hedge funds own 75.11% of the company’s stock.
A number of research analysts recently commented on LUK shares. Zacks Investment Research raised Leucadia National from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. TheStreet raised Leucadia National from a “c+” rating to a “b-” rating in a report on Friday, November 3rd. Finally, BidaskClub cut Leucadia National from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th.
Leucadia National (NYSE:LUK) last issued its quarterly earnings data on Thursday, October 26th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.10. The business had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.66 billion. Leucadia National had a return on equity of 5.83% and a net margin of 5.48%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. sell-side analysts predict that Leucadia National Corp. will post 1.39 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Wednesday, December 13th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.40 annualized dividend and a yield of 1.52%. Leucadia National’s payout ratio is presently 25.81%.
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About Leucadia National
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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