Northern Trust Corp Has $119.80 Million Holdings in Las Vegas Sands Corp. $LVS

Key Points

• Northern Trust Corp increased its stake in Las Vegas Sands Corp. by 12,593 shares, bringing its total ownership to approximately 3.1 million shares, valued at around $119.8 million.
• Las Vegas Sands reported a quarterly earnings per share of $0.79, surpassing analysts' expectations of $0.53, along with a 15% revenue increase year-over-year to $3.18 billion.
• The company announced a quarterly dividend of $0.25 per share, translating to an annualized dividend of $1.00 and a yield of 1.8%.

Northern Trust Corp grew its holdings in Las Vegas Sands Corp. (NYSE:LVS - Free Report) by 0.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,101,190 shares of the casino operator's stock after purchasing an additional 12,593 shares during the quarter. Northern Trust Corp owned about 0.44% of Las Vegas Sands worth $119,799,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in LVS. Optiver Holding B.V. bought a new stake in Las Vegas Sands during the 4th quarter valued at approximately $32,000. Center for Financial Planning Inc. acquired a new position in shares of Las Vegas Sands during the first quarter worth approximately $42,000. Farther Finance Advisors LLC boosted its position in shares of Las Vegas Sands by 133.1% in the first quarter. Farther Finance Advisors LLC now owns 1,499 shares of the casino operator's stock valued at $59,000 after acquiring an additional 856 shares during the period. GeoWealth Management LLC boosted its position in shares of Las Vegas Sands by 104.7% in the fourth quarter. GeoWealth Management LLC now owns 1,775 shares of the casino operator's stock valued at $91,000 after acquiring an additional 908 shares during the period. Finally, Neo Ivy Capital Management acquired a new stake in shares of Las Vegas Sands in the first quarter worth $127,000. 39.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LVS has been the subject of several research analyst reports. The Goldman Sachs Group began coverage on shares of Las Vegas Sands in a research note on Monday, July 7th. They set a "neutral" rating and a $52.00 target price for the company. Susquehanna dropped their price objective on shares of Las Vegas Sands from $59.00 to $58.00 and set a "positive" rating on the stock in a report on Monday, July 21st. Bank of America boosted their price target on Las Vegas Sands from $52.50 to $58.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. upped their price target on Las Vegas Sands from $47.00 to $56.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, Morgan Stanley lifted their price target on shares of Las Vegas Sands from $47.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.00.

Las Vegas Sands Price Performance

LVS stock traded up $0.83 during trading on Thursday, hitting $57.53. 1,645,857 shares of the stock traded hands, compared to its average volume of 5,588,533. The company has a current ratio of 1.22, a quick ratio of 1.21 and a debt-to-equity ratio of 6.53. The stock has a market cap of $39.49 billion, a price-to-earnings ratio of 29.05, a P/E/G ratio of 2.13 and a beta of 1.08. Las Vegas Sands Corp. has a one year low of $30.18 and a one year high of $57.69. The company has a 50 day simple moving average of $50.17 and a 200 day simple moving average of $43.51.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.26. The company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $2.83 billion. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. The company's revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the business posted $0.55 earnings per share. Equities analysts expect that Las Vegas Sands Corp. will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Tuesday, August 5th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. Las Vegas Sands's payout ratio is currently 50.51%.

About Las Vegas Sands

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.