OMERS ADMINISTRATION Corp Invests $3,941,000 in Leucadia National Corporation (LUK)
OMERS ADMINISTRATION Corp purchased a new stake in shares of Leucadia National Corporation (NYSE:LUK) during the third quarter, Holdings Channel reports. The fund purchased 206,991 shares of the company’s stock, valued at approximately $3,941,000. OMERS ADMINISTRATION Corp owned approximately 0.06% of Leucadia National Corporation as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Leucadia National Corporation by 2.4% in the second quarter. Vanguard Group Inc. now owns 28,722,993 shares of the company’s stock valued at $497,768,000 after buying an additional 668,282 shares in the last quarter. First Pacific Advisors LLC raised its stake in Leucadia National Corporation by 7.7% in the second quarter. First Pacific Advisors LLC now owns 22,520,090 shares of the company’s stock valued at $390,273,000 after buying an additional 1,617,090 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Leucadia National Corporation by 0.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 8,495,319 shares of the company’s stock valued at $161,751,000 after buying an additional 31,296 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in Leucadia National Corporation by 1.3% in the third quarter. Great West Life Assurance Co. Can now owns 6,035,822 shares of the company’s stock valued at $114,750,000 after buying an additional 79,985 shares during the last quarter. Finally, BlackRock Fund Advisors raised its stake in Leucadia National Corporation by 3.2% in the third quarter. BlackRock Fund Advisors now owns 5,254,239 shares of the company’s stock valued at $100,041,000 after buying an additional 164,145 shares during the last quarter. Institutional investors own 71.27% of the company’s stock.
Leucadia National Corporation (NYSE:LUK) traded up 0.30% during midday trading on Friday, reaching $23.41. 505,997 shares of the company traded hands. The stock has a market capitalization of $8.43 billion, a P/E ratio of 200.09 and a beta of 1.42. The company has a 50 day moving average price of $23.20 and a 200-day moving average price of $19.81. Leucadia National Corporation has a one year low of $14.27 and a one year high of $24.17.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 28th. Stockholders of record on Wednesday, December 14th were issued a $0.0625 dividend. The ex-dividend date of this dividend was Monday, December 12th. This represents a $0.25 annualized dividend and a dividend yield of 1.07%. Leucadia National Corporation’s dividend payout ratio (DPR) is presently 54.55%.
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Several equities research analysts recently commented on LUK shares. Zacks Investment Research raised shares of Leucadia National Corporation from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Wednesday, October 5th. Oppenheimer Holdings, Inc. boosted their price objective on shares of Leucadia National Corporation from $23.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 30th.
Leucadia National Corporation Company Profile
Leucadia National Corporation (Leucadia) is a diversified holding company focused on return on investment and long-term value creation to maximize shareholder value. The Company’s financial services businesses include Jefferies Group LLC (investment banking and capital markets), Leucadia Asset Management (asset management), Berkadia (commercial mortgage banking and servicing), FXCM (a publicly traded company providing online foreign exchange trading), HomeFed Corporation (HomeFed) (a publicly traded real estate company) and Foursight Capital and Chrome Capital (vehicle finance).
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