Thrivent Financial For Lutherans raised its holdings in Leucadia National Corp. (NYSE:LUK) by 3,355.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 433,006 shares of the conglomerate’s stock after acquiring an additional 420,475 shares during the period. Thrivent Financial For Lutherans’ holdings in Leucadia National were worth $11,470,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in Leucadia National by 1.9% in the 4th quarter. BlackRock Inc. now owns 21,188,997 shares of the conglomerate’s stock valued at $561,297,000 after acquiring an additional 392,250 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in Leucadia National by 2.6% in the 3rd quarter. Great West Life Assurance Co. Can now owns 5,439,841 shares of the conglomerate’s stock valued at $136,360,000 after acquiring an additional 139,293 shares during the last quarter. Geode Capital Management LLC raised its holdings in Leucadia National by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 4,681,821 shares of the conglomerate’s stock valued at $123,835,000 after acquiring an additional 127,716 shares during the last quarter. Schroder Investment Management Group raised its holdings in Leucadia National by 2.3% in the 4th quarter. Schroder Investment Management Group now owns 3,605,228 shares of the conglomerate’s stock valued at $95,503,000 after acquiring an additional 80,477 shares during the last quarter. Finally, Burgundy Asset Management Ltd. raised its holdings in Leucadia National by 0.8% in the 4th quarter. Burgundy Asset Management Ltd. now owns 2,978,872 shares of the conglomerate’s stock valued at $78,910,000 after acquiring an additional 24,318 shares during the last quarter. Institutional investors own 75.41% of the company’s stock.
A number of research firms have commented on LUK. Zacks Investment Research downgraded shares of Leucadia National from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. TheStreet downgraded shares of Leucadia National from a “b” rating to a “c+” rating in a report on Thursday, February 22nd.
Leucadia National (NYSE:LUK) last announced its quarterly 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 business had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.91 billion. Leucadia National had a net margin of 1.81% and a return on equity of 6.25%. The business’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.37 EPS. research analysts forecast that Leucadia National Corp. will post 1.82 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Monday, March 19th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, March 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.63%. Leucadia National’s dividend payout ratio is currently 90.91%.
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Leucadia National 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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