Leucadia National Corp. (NYSE:LUK) declared a quarterly dividend on Thursday, October 27th. Shareholders of record on Wednesday, December 14th will be given a dividend of 0.0625 per share on Wednesday, December 28th. This represents a $0.25 dividend on an annualized basis and a yield of 1.33%.
Leucadia National Corp. (NYSE:LUK) traded down 0.27% during trading on Thursday, reaching $18.75. 820,045 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $19.01 and its 200-day moving average price is $18.03. The company’s market capitalization is $6.76 billion. Leucadia National Corp. has a 52-week low of $14.27 and a 52-week high of $20.24.
Leucadia National Corp. (NYSE:LUK) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by $0.10. Leucadia National Corp. had a negative net margin of 2.95% and a negative return on equity of 2.61%. Equities analysts expect that Leucadia National Corp. will post $0.20 earnings per share for the current year.
In other news, Chairman Joseph S. Steinberg sold 200,000 shares of the company’s stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $19.04, for a total transaction of $3,808,000.00. Following the transaction, the chairman now owns 1,992,687 shares of the company’s stock, valued at $37,940,760.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 9.50% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. First Allied Advisory Services Inc. raised its position in shares of Leucadia National Corp. by 1.5% in the second quarter. First Allied Advisory Services Inc. now owns 10,335 shares of the company’s stock valued at $173,000 after buying an additional 150 shares during the period. Sunbelt Securities Inc. raised its position in shares of Leucadia National Corp. by 1.2% in the second quarter. Sunbelt Securities Inc. now owns 29,198 shares of the company’s stock valued at $506,000 after buying an additional 341 shares during the period. Advantus Capital Management Inc raised its position in shares of Leucadia National Corp. by 1.1% in the second quarter. Advantus Capital Management Inc now owns 32,345 shares of the company’s stock valued at $561,000 after buying an additional 354 shares during the period. TCW Group Inc. raised its position in shares of Leucadia National Corp. by 2.0% in the second quarter. TCW Group Inc. now owns 57,548 shares of the company’s stock valued at $998,000 after buying an additional 1,150 shares during the period. Finally, Mackenzie Financial Corp raised its position in shares of Leucadia National Corp. by 6.2% in the second quarter. Mackenzie Financial Corp now owns 31,767 shares of the company’s stock valued at $551,000 after buying an additional 1,850 shares during the period. 73.12% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently commented on LUK shares. Zacks Investment Research upgraded Leucadia National Corp. from a “sell” rating to a “hold” rating in a report on Thursday, September 22nd. TheStreet upgraded Leucadia National Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 10th. Finally, Oppenheimer Holdings Inc. increased their target price on Leucadia National Corp. from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, August 5th.
Leucadia National Corp. 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).