ING Groep NV Has $434,000 Position in Leucadia National Corporation (LUK)
ING Groep NV increased its stake in Leucadia National Corporation (NYSE:LUK) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,589 shares of the conglomerate’s stock after buying an additional 59 shares during the period. ING Groep NV’s holdings in Leucadia National Corporation were worth $434,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its position in Leucadia National Corporation by 6.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 11,291 shares of the conglomerate’s stock valued at $263,000 after buying an additional 720 shares during the period. Teachers Advisors LLC increased its position in Leucadia National Corporation by 4.8% in the fourth quarter. Teachers Advisors LLC now owns 406,264 shares of the conglomerate’s stock valued at $9,446,000 after buying an additional 18,787 shares during the period. Kentucky Retirement Systems bought a new position in Leucadia National Corporation during the fourth quarter valued at approximately $547,000. Kentucky Retirement Systems Insurance Trust Fund bought a new position in Leucadia National Corporation during the fourth quarter valued at approximately $244,000. Finally, Highbridge Capital Management LLC bought a new position in Leucadia National Corporation during the fourth quarter valued at approximately $328,000. 75.23% of the stock is currently owned by hedge funds and other institutional investors.
Leucadia National Corporation (NYSE LUK) traded down 0.401% during trading on Monday, hitting $26.085. 248,243 shares of the stock traded hands. The stock has a market cap of $9.39 billion, a P/E ratio of 15.426 and a beta of 1.25. The stock has a 50 day moving average price of $26.23 and a 200-day moving average price of $25.54. Leucadia National Corporation has a 52-week low of $17.47 and a 52-week high of $27.34.
Leucadia National Corporation (NYSE:LUK) last announced its quarterly earnings data on Thursday, July 27th. The conglomerate reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by $0.14. The firm had revenue of $2.73 billion during 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 company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.15 EPS. On average, analysts anticipate that Leucadia National Corporation will post $1.58 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, September 18th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.53%. This is a positive change from Leucadia National Corporation’s previous quarterly dividend of $0.06. Leucadia National Corporation’s dividend payout ratio (DPR) is presently 3.55%.
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Several equities analysts have recently commented on LUK shares. TheStreet raised shares of Leucadia National Corporation from a “c” rating to a “b” rating in a report on Friday, May 5th. Zacks Investment Research downgraded shares of Leucadia National Corporation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 11th. Finally, BidaskClub raised shares of Leucadia National Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th.
Leucadia National Corporation Company 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.
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