Advisor Group Inc. lowered its position in shares of Leucadia National (NYSE:LUK) by 74.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,273 shares of the conglomerate’s stock after selling 20,884 shares during the quarter. Advisor Group Inc.’s holdings in Leucadia National were worth $192,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cerebellum GP LLC acquired a new stake in Leucadia National during the fourth quarter worth approximately $127,000. Arthur M. Cohen & Associates LLC acquired a new stake in Leucadia National during the fourth quarter worth approximately $202,000. Savant Capital LLC acquired a new stake in Leucadia National during the fourth quarter worth approximately $204,000. Brown Advisory Inc. acquired a new stake in Leucadia National during the fourth quarter worth approximately $207,000. Finally, Commerzbank Aktiengesellschaft FI acquired a new stake in Leucadia National during the fourth quarter worth approximately $220,000. Hedge funds and other institutional investors own 75.44% of the company’s stock.
A number of analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Leucadia National from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Thursday, February 1st. ValuEngine lowered shares of Leucadia National from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, TheStreet lowered shares of 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 Zacks’ consensus estimate of $0.47 by $0.01. The firm had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.91 billion. Leucadia National had a net margin of 1.81% and a return on equity of 6.25%. Leucadia National’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.37 earnings per share. sell-side analysts anticipate that Leucadia National will post 1.74 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Monday, March 19th were issued a $0.10 dividend. The ex-dividend date was Friday, March 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.84%. Leucadia National’s dividend payout ratio (DPR) is presently 24.24%.
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About Leucadia National
Leucadia National Corporation operates as a diversified holding company that focuses on financial service businesses and investments in the Americas, Europe, and Asia. Its services include equities research, sales, and trading; financing, securities lending, and other brokerage; wealth management; fixed income sales and trading; futures; equity capital markets, debt capital markets, and financial advisory; and asset management services.
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