Allianz Asset Management GmbH cut its holdings in shares of Leucadia National Corp. (NYSE:LUK) by 65.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,691 shares of the conglomerate’s stock after selling 127,917 shares during the period. Allianz Asset Management GmbH’s holdings in Leucadia National were worth $1,766,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of Leucadia National by 1.9% during the fourth quarter. BlackRock Inc. now owns 21,188,997 shares of the conglomerate’s stock valued at $561,297,000 after buying an additional 392,250 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Leucadia National by 2.6% during the third quarter. Great West Life Assurance Co. Can now owns 5,439,841 shares of the conglomerate’s stock valued at $136,360,000 after buying an additional 139,293 shares during the last quarter. Schroder Investment Management Group boosted its position in shares of Leucadia National by 2.3% during the fourth quarter. Schroder Investment Management Group now owns 3,605,228 shares of the conglomerate’s stock valued at $95,503,000 after buying an additional 80,477 shares during the last quarter. Burgundy Asset Management Ltd. boosted its position in shares of Leucadia National by 0.8% during the fourth quarter. Burgundy Asset Management Ltd. now owns 2,978,872 shares of the conglomerate’s stock valued at $78,910,000 after buying an additional 24,318 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Leucadia National by 1.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,995,598 shares of the conglomerate’s stock worth $50,385,000 after purchasing an additional 31,674 shares during the last quarter. 75.41% of the stock is currently owned by institutional investors.
Several research analysts have issued reports on LUK shares. Zacks Investment Research cut Leucadia National from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. TheStreet cut Leucadia National from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd.
Leucadia National (NYSE:LUK) last announced its earnings results on Thursday, February 22nd. The conglomerate reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.01. The business had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.91 billion. Leucadia National had a return on equity of 6.25% and a net margin of 1.81%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the firm posted $0.37 earnings per share. equities analysts anticipate that Leucadia National Corp. will post 1.74 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Monday, March 19th will be given a $0.10 dividend. The ex-dividend date is Friday, March 16th. This represents a $0.40 annualized dividend and a yield of 1.83%. Leucadia National’s payout ratio is 90.91%.
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.
Want to see what other hedge funds are holding LUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Leucadia National Corp. (NYSE:LUK).
Receive News & Ratings for Leucadia National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leucadia National and related companies with MarketBeat.com's FREE daily email newsletter.