Assetmark Inc. increased its stake in Las Vegas Sands Corp. (NYSE:LVS) by 7.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 153,240 shares of the casino operator's stock after purchasing an additional 10,031 shares during the period. Assetmark Inc.'s holdings in Las Vegas Sands were worth $5,920,000 as of its most recent filing with the Securities and Exchange Commission. Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Optiver Holding B.V. acquired a new position in Las Vegas Sands in the 4th quarter worth $32,000. Brown Brothers Harriman & Co. acquired a new position in Las Vegas Sands in the 4th quarter worth $36,000. Center for Financial Planning Inc. acquired a new position in Las Vegas Sands in the 1st quarter worth $42,000. Huntington National Bank boosted its stake in Las Vegas Sands by 64.1% in the 4th quarter. Huntington National Bank now owns 1,142 shares of the casino operator's stock worth $59,000 after purchasing an additional 446 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in Las Vegas Sands by 133.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,499 shares of the casino operator's stock worth $59,000 after purchasing an additional 856 shares during the period. 39.16% of the stock is owned by institutional investors and hedge funds. Analyst Ratings Changes A number of equities analysts recently weighed in on the stock. Macquarie upped their target price on shares of Las Vegas Sands from $52.00 to $58.00 and gave the stock an 'outperform' rating in a research note on Thursday, July 24th. Morgan Stanley increased their price objective on shares of Las Vegas Sands from $45.00 to $47.00 and gave the stock an 'equal weight' rating in a research note on Friday, July 11th. Citigroup restated a 'buy' rating on shares of Las Vegas Sands in a research note on Wednesday, July 9th. Bank of America increased their price objective on shares of Las Vegas Sands from $52.50 to $58.00 and gave the stock a 'neutral' rating in a research note on Thursday, July 24th. Finally, Barclays increased their price objective on shares of Las Vegas Sands from $57.00 to $58.00 and gave the stock an 'overweight' rating in a research note on Thursday, July 24th. Five investment 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. According to data from MarketBeat.com, the stock presently has an average rating of 'Moderate Buy' and a consensus price target of $57.67. Las Vegas Sands Stock Up 0.1% Shares of opened at $52.46 on Tuesday. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.59 and a current ratio of 0.59. The firm's 50-day moving average is $44.68 and its 200-day moving average is $42.08. The stock has a market cap of $37.07 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 2.03 and a beta of 1.03. Las Vegas Sands Corp. has a 52-week low of $30.18 and a 52-week high of $56.60. Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.26. The company had revenue of $3.18 billion for the quarter, compared to analysts' expectations of $2.83 billion. Las Vegas Sands had a net margin of 12.16% and a return on equity of 51.16%. Las Vegas Sands's quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 EPS. Sell-side analysts predict that Las Vegas Sands Corp. will post 2.6 EPS for the current year. Las Vegas Sands Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 13th. Shareholders of record on Tuesday, August 5th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, August 5th. This represents a $1.00 annualized dividend and a yield of 1.91%. Las Vegas Sands's dividend payout ratio is currently 50.51%. Las Vegas Sands declared that its board has authorized a stock buyback plan on Wednesday, April 23rd that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the casino operator to repurchase up to 8.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are undervalued. 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.

Assetmark Inc. Has $5.92 Million Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Assetmark Inc. increased its stake in Las Vegas Sands Corp. (NYSE:LVS) by 7.0% in Q1, holding $5.92 million worth of shares. Other institutional investors and hedge funds adjusted their positions, including Optiver, Brown Brothers Harriman, and Huntington National Bank. Analyst ratings for Las Vegas Sands rose, with Macquarie and Bank of America raising price targets. The company reported strong Q2 earnings, declared a $0.25 quarterly dividend, and announced a $2.00 billion stock buyback plan.