Daiwa Securities Group Inc. Raises Holdings in Las Vegas Sands Corp. (NYSE:LVS)

by · The Cerbat Gem

Daiwa Securities Group Inc. boosted its stake in Las Vegas Sands Corp. (NYSE:LVS – Free Report) by 4.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,799 shares of the casino operator’s stock after purchasing an additional 2,431 shares during the period. Daiwa Securities Group Inc.’s holdings in Las Vegas Sands were worth $2,661,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LVS. Janus Henderson Group PLC grew its holdings in shares of Las Vegas Sands by 159.6% in the third quarter. Janus Henderson Group PLC now owns 9,130,486 shares of the casino operator’s stock worth $459,630,000 after purchasing an additional 5,612,975 shares during the last quarter. ARGA Investment Management LP grew its holdings in Las Vegas Sands by 32.0% in the 4th quarter. ARGA Investment Management LP now owns 6,501,382 shares of the casino operator’s stock worth $333,911,000 after acquiring an additional 1,577,042 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Las Vegas Sands by 13.5% in the fourth quarter. Bank of New York Mellon Corp now owns 11,662,548 shares of the casino operator’s stock valued at $598,988,000 after acquiring an additional 1,389,963 shares during the period. Raymond James Financial Inc. bought a new position in shares of Las Vegas Sands during the fourth quarter valued at about $55,221,000. Finally, Suvretta Capital Management LLC purchased a new stake in shares of Las Vegas Sands during the third quarter worth about $24,370,000. Institutional investors own 39.16% of the company’s stock.

Analyst Ratings Changes

LVS has been the topic of a number of research analyst reports. Barclays reduced their price target on Las Vegas Sands from $61.00 to $58.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Jefferies Financial Group raised Las Vegas Sands from a “hold” rating to a “buy” rating and boosted their target price for the company from $60.00 to $69.00 in a research note on Friday, January 3rd. JPMorgan Chase & Co. dropped their price target on Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Macquarie boosted their price objective on shares of Las Vegas Sands from $57.00 to $58.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Finally, Morgan Stanley decreased their price objective on shares of Las Vegas Sands from $51.00 to $49.00 and set an “equal weight” rating for the company in a report on Monday, February 24th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $59.42.

Get Our Latest Analysis on Las Vegas Sands

Las Vegas Sands Trading Down 0.0 %

Shares of NYSE LVS opened at $42.78 on Friday. The stock has a market cap of $30.63 billion, a P/E ratio of 21.72, a price-to-earnings-growth ratio of 1.41 and a beta of 1.07. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.74 and a quick ratio of 0.73. Las Vegas Sands Corp. has a 1 year low of $36.62 and a 1 year high of $56.61. The firm has a 50-day moving average of $44.79 and a 200 day moving average of $47.52.

Las Vegas Sands (NYSE:LVS – Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The casino operator reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.04). Las Vegas Sands had a net margin of 12.80% and a return on equity of 45.82%. As a group, sell-side analysts expect that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.34%. The ex-dividend date was Monday, February 10th. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.20. Las Vegas Sands’s dividend payout ratio is currently 50.76%.

Las Vegas Sands Company Profile

(Free Report)

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People’s Republic of China; and Marina Bay Sands in Singapore.

Further Reading

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