Leucadia National Corporation (LUK) Stake Lowered by Ameriprise Financial Inc.

Ameriprise Financial Inc. lessened its position in Leucadia National Corporation (NYSE:LUK) by 14.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 150,183 shares of the conglomerate’s stock after selling 25,373 shares during the period. Ameriprise Financial Inc.’s holdings in Leucadia National Corporation were worth $3,928,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in LUK. State of Wisconsin Investment Board boosted its position in shares of Leucadia National Corporation by 30.2% during the 2nd quarter. State of Wisconsin Investment Board now owns 282,552 shares of the conglomerate’s stock valued at $7,392,000 after purchasing an additional 65,460 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Leucadia National Corporation by 23.1% in the first quarter. Clearbridge Investments LLC now owns 32,000 shares of the conglomerate’s stock worth $832,000 after buying an additional 6,000 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Leucadia National Corporation by 20.5% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 82,668 shares of the conglomerate’s stock worth $2,163,000 after buying an additional 14,059 shares during the period. Thompson Siegel & Walmsley LLC raised its position in Leucadia National Corporation by 38.5% during the second quarter. Thompson Siegel & Walmsley LLC now owns 631,478 shares of the conglomerate’s stock valued at $16,519,000 after acquiring an additional 175,635 shares in the last quarter. Finally, Airain ltd bought a new position in Leucadia National Corporation during the second quarter valued at approximately $1,624,000. 75.25% of the stock is currently owned by hedge funds and other institutional investors.

LUK has been the topic of several recent research reports. BidaskClub lowered shares of Leucadia National Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Zacks Investment Research raised shares of Leucadia National Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, TheStreet raised shares of Leucadia National Corporation from a “c+” rating to a “b-” rating in a research report on Friday, November 3rd.

Shares of Leucadia National Corporation (NYSE:LUK) traded down $0.40 during mid-day trading on Friday, reaching $25.66. 903,400 shares of the company were exchanged, compared to its average volume of 1,580,691. Leucadia National Corporation has a fifty-two week low of $20.17 and a fifty-two week high of $27.33. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market capitalization of $9,000.00, a price-to-earnings ratio of 16.81, a P/E/G ratio of 1.04 and a beta of 1.28.

Leucadia National Corporation (NYSE:LUK) last posted its quarterly earnings results on Thursday, October 26th. The conglomerate reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.10. Leucadia National Corporation had a net margin of 5.48% and a return on equity of 5.83%. The firm had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.66 billion. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. equities analysts anticipate that Leucadia National Corporation will post 1.39 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Shareholders of record on Wednesday, December 13th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, December 12th. This represents a $0.40 dividend on an annualized basis and a yield of 1.56%. Leucadia National Corporation’s dividend payout ratio is currently 25.81%.

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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.

Institutional Ownership by Quarter for Leucadia National Corporation (NYSE:LUK)

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