ING Groep NV Has $12.55 Million Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

ING Groep NV cut its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 21.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,017 shares of the aerospace company's stock after selling 21,177 shares during the period. ING Groep NV owned 0.06% of Leidos worth $12,554,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Metis Global Partners LLC increased its holdings in Leidos by 51.5% during the 3rd quarter. Metis Global Partners LLC now owns 6,358 shares of the aerospace company's stock valued at $1,036,000 after purchasing an additional 2,161 shares in the last quarter. KBC Group NV grew its holdings in shares of Leidos by 23.7% during the third quarter. KBC Group NV now owns 13,869 shares of the aerospace company's stock worth $2,261,000 after purchasing an additional 2,658 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Leidos by 73.7% in the third quarter. Oppenheimer & Co. Inc. now owns 5,366 shares of the aerospace company's stock valued at $875,000 after buying an additional 2,277 shares in the last quarter. Chase Investment Counsel Corp bought a new position in shares of Leidos in the third quarter valued at about $344,000. Finally, Empower Advisory Group LLC acquired a new position in Leidos during the 3rd quarter worth about $244,000. Institutional investors and hedge funds own 76.12% of the company's stock.

Insider Activity

In related news, Director Surya N. Mohapatra sold 2,748 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $194.97, for a total value of $535,777.56. Following the sale, the director now owns 20,001 shares in the company, valued at approximately $3,899,594.97. This represents a 12.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of the company's stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $184.94, for a total transaction of $193,632.18. Following the completion of the transaction, the director now owns 6,408 shares in the company, valued at approximately $1,185,095.52. This represents a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group raised their price objective on shares of Leidos from $205.00 to $228.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Citigroup raised their target price on shares of Leidos from $194.00 to $220.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Barclays raised their price objective on shares of Leidos from $165.00 to $210.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. Robert W. Baird lifted their price objective on Leidos from $180.00 to $218.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Finally, Bank of America raised their target price on Leidos from $160.00 to $165.00 and gave the stock a "buy" rating in a report on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $191.23.

Leidos Stock Down 4.4 %

NYSE:LDOS traded down $7.33 during trading hours on Friday, reaching $160.63. 5,722,458 shares of the stock were exchanged, compared to its average volume of 904,223. Leidos Holdings, Inc. has a twelve month low of $104.63 and a twelve month high of $202.90. The firm has a 50 day moving average of $169.39 and a 200 day moving average of $155.25. The stock has a market cap of $21.43 billion, a PE ratio of 18.00, a PEG ratio of 1.30 and a beta of 0.68. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15.

Leidos (NYSE:LDOS - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, topping analysts' consensus estimates of $1.96 by $0.97. The company had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.06 billion. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The company's quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.03 EPS. On average, equities analysts expect that Leidos Holdings, Inc. will post 10.07 earnings per share for the current year.

Leidos Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, December 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.00%. This is a boost from Leidos's previous quarterly dividend of $0.38. Leidos's dividend payout ratio is currently 17.31%.

Leidos Company Profile

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.