SVB Wealth LLC Makes New Investment in Las Vegas Sands Corp. (NYSE:LVS)

SVB Wealth LLC acquired a new position in Las Vegas Sands Corp. (NYSE:LVS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,287 shares of the casino operator’s stock, valued at approximately $631,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Janus Henderson Group PLC lifted its stake in shares of Las Vegas Sands by 159.6% in the 3rd quarter. Janus Henderson Group PLC now owns 9,130,486 shares of the casino operator’s stock valued at $459,630,000 after purchasing an additional 5,612,975 shares during the period. ARGA Investment Management LP lifted its stake in shares of 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 valued at $333,911,000 after purchasing an additional 1,577,042 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Las Vegas Sands by 13.5% in the 4th 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 purchasing an additional 1,389,963 shares during the period. Suvretta Capital Management LLC purchased a new position in shares of Las Vegas Sands in the 3rd quarter valued at approximately $24,370,000. Finally, Bamco Inc. NY lifted its stake in shares of Las Vegas Sands by 29.2% in the 3rd quarter. Bamco Inc. NY now owns 1,581,075 shares of the casino operator’s stock valued at $79,591,000 after purchasing an additional 357,234 shares during the period. 39.16% of the stock is currently owned by institutional investors.

Las Vegas Sands Price Performance

Shares of NYSE:LVS opened at $45.41 on Tuesday. Las Vegas Sands Corp. has a fifty-two week low of $36.62 and a fifty-two week high of $56.60. The business has a 50-day simple moving average of $45.86 and a two-hundred day simple moving average of $47.40. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.73 and a current ratio of 0.74. The firm has a market cap of $32.51 billion, a price-to-earnings ratio of 23.05, a price-to-earnings-growth ratio of 1.41 and a beta of 1.08.

Las Vegas Sands (NYSE:LVS) last released 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%. On average, analysts expect that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th were paid a dividend of $0.25 per share. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date was Monday, February 10th. Las Vegas Sands’s payout ratio is currently 50.76%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Barclays dropped their price objective on shares of Las Vegas Sands from $61.00 to $58.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Jefferies Financial Group raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $60.00 to $69.00 in a research note on Friday, January 3rd. JPMorgan Chase & Co. cut their target price on Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Citigroup increased their target price on Las Vegas Sands from $64.50 to $67.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Finally, Morgan Stanley cut their target price on Las Vegas Sands from $51.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Monday, February 24th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.42.

Las Vegas Sands Company Profile

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.