Prudential Financial Inc. reduced its position in Leucadia National Corporation (NYSE:LUK) by 19.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,085,657 shares of the conglomerate’s stock after selling 253,900 shares during the quarter. Prudential Financial Inc. owned approximately 0.30% of Leucadia National Corporation worth $27,413,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of LUK. Savant Capital LLC bought a new stake in shares of Leucadia National Corporation in the 2nd quarter valued at $202,000. Eagle Global Advisors LLC bought a new stake in shares of Leucadia National Corporation in the 2nd quarter valued at $219,000. Profund Advisors LLC bought a new stake in shares of Leucadia National Corporation in the 2nd quarter valued at $239,000. Saratoga Research & Investment Management bought a new stake in shares of Leucadia National Corporation in the 3rd quarter valued at $249,000. Finally, Synovus Financial Corp boosted its stake in shares of Leucadia National Corporation by 19.5% in the 2nd quarter. Synovus Financial Corp now owns 9,840 shares of the conglomerate’s stock valued at $258,000 after purchasing an additional 1,609 shares during the last quarter. 75.00% of the stock is currently owned by institutional investors.
COPYRIGHT VIOLATION NOTICE: This story was first published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are reading this story on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this story can be viewed at https://www.truebluetribune.com/2017/11/16/prudential-financial-inc-trims-holdings-in-leucadia-national-corporation-luk.html.
A number of equities research analysts have 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 $28.00 price objective on the stock in a research note on Tuesday, October 10th. BidaskClub lowered shares of Leucadia National Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, TheStreet raised shares of Leucadia National Corporation from a “c+” rating to a “b-” rating in a research note on Friday, November 3rd.
Shares of Leucadia National Corporation (NYSE:LUK) opened at $25.27 on Thursday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.67 and a quick ratio of 0.67. Leucadia National Corporation has a 12 month low of $20.61 and a 12 month high of $27.33. The company has a market cap of $9,020.83, a price-to-earnings ratio of 16.33, a PEG ratio of 1.01 and a beta of 1.29.
Leucadia National Corporation (NYSE:LUK) last posted its quarterly earnings data on Thursday, October 26th. The conglomerate reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.10. The company had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.66 billion. Leucadia National Corporation had a net margin of 5.48% and a return on equity of 5.83%. Leucadia National Corporation’s quarterly revenue was up 8.2% on a year-over-year basis. sell-side analysts anticipate that Leucadia National Corporation will post 1.39 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Wednesday, December 13th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Tuesday, December 12th. Leucadia National Corporation’s dividend payout ratio is presently 25.81%.
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.
Receive News & Ratings for Leucadia National Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leucadia National Corporation and related companies with MarketBeat.com's FREE daily email newsletter.