Deutsche Bank AG Boosts Stake in Leucadia National Corp. (LUK)
Deutsche Bank AG increased its holdings in Leucadia National Corp. (NYSE:LUK) by 5.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,377,127 shares of the conglomerate’s stock after buying an additional 71,304 shares during the period. Deutsche Bank AG owned about 0.39% of Leucadia National worth $36,476,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Cerebellum GP LLC acquired a new position in shares of Leucadia National in the 4th quarter valued at about $127,000. NEXT Financial Group Inc acquired a new position in shares of Leucadia National in the 3rd quarter valued at about $134,000. Arthur M. Cohen & Associates LLC acquired a new position in shares of Leucadia National in the 4th quarter valued at about $202,000. Savant Capital LLC acquired a new position in shares of Leucadia National in the 4th quarter valued at about $204,000. Finally, Brown Advisory Inc. acquired a new position in shares of Leucadia National in the 4th quarter valued at about $207,000. 75.41% of the stock is owned by institutional investors and hedge funds.
Leucadia National Corp. (NYSE LUK) opened at $24.65 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market cap of $8,696.13, a PE ratio of 56.02, a price-to-earnings-growth ratio of 0.75 and a beta of 1.30. Leucadia National Corp. has a one year low of $22.23 and a one year high of $28.30.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Monday, March 19th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Friday, March 16th. Leucadia National’s payout ratio is 90.91%.
A number of research analysts have issued reports on the stock. Zacks Investment Research raised shares of Leucadia National from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Thursday, February 1st. TheStreet lowered shares of Leucadia National from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd.
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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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