State Street Corp Sells 175,927 Shares of Leucadia National Corporation (LUK)

State Street Corp lowered its holdings in Leucadia National Corporation (NYSE:LUK) by 1.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,598,541 shares of the conglomerate’s stock after selling 175,927 shares during the period. State Street Corp owned approximately 4.07% of Leucadia National Corporation worth $381,893,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Leucadia National Corporation by 6.1% during the second quarter. Vanguard Group Inc. now owns 33,597,744 shares of the conglomerate’s stock valued at $878,918,000 after purchasing an additional 1,941,382 shares in the last quarter. BlackRock Inc. raised its stake in shares of Leucadia National Corporation by 6.0% in the second quarter. BlackRock Inc. now owns 20,684,654 shares of the conglomerate’s stock valued at $541,111,000 after acquiring an additional 1,170,447 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Leucadia National Corporation by 1.9% in the second quarter. Great West Life Assurance Co. Can now owns 5,300,548 shares of the conglomerate’s stock valued at $138,357,000 after acquiring an additional 98,211 shares during the last quarter. Arlington Value Capital LLC raised its stake in shares of Leucadia National Corporation by 2.1% in the second quarter. Arlington Value Capital LLC now owns 3,639,068 shares of the conglomerate’s stock valued at $95,198,000 after acquiring an additional 75,200 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in Leucadia National Corporation by 7,168.5% in the 2nd quarter. Janus Henderson Group PLC now owns 3,320,485 shares of the conglomerate’s stock worth $86,864,000 after purchasing an additional 3,274,802 shares during the last quarter. Institutional investors own 74.65% of the company’s stock.

Leucadia National Corporation (LUK) opened at 26.01 on Monday. The firm has a market cap of $9.33 billion, a price-to-earnings ratio of 15.42 and a beta of 1.27. The stock has a 50 day moving average of $24.49 and a 200 day moving average of $25.26. Leucadia National Corporation has a one year low of $17.87 and a one year high of $27.33.

Leucadia National Corporation (NYSE:LUK) last announced its quarterly earnings results on Thursday, July 27th. The conglomerate reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.14). The company had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.65 billion. Leucadia National Corporation had a net margin of 5.94% and a return on equity of 6.27%. The business’s revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 EPS. Equities research analysts predict that Leucadia National Corporation will post $1.31 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 18th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend was Friday, September 15th. This is an increase from Leucadia National Corporation’s previous quarterly dividend of $0.06. Leucadia National Corporation’s dividend payout ratio (DPR) is presently 23.67%.

Several research firms recently weighed in on LUK. BidaskClub cut shares of Leucadia National Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. Zacks Investment Research raised shares of Leucadia National Corporation from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Tuesday, October 10th.

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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.

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

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