Kestra Investment Management LLC Makes New Investment in Las Vegas Sands Corp. $LVS

Posted by Brian Himes on May 26th, 2026

Kestra Investment Management LLC acquired a new position in shares of Las Vegas Sands Corp. (NYSE:LVS – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 40,212 shares of the casino operator’s stock, valued at approximately $2,617,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Las Vegas Sands by 43.8% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,454,013 shares of the casino operator’s stock worth $293,371,000 after purchasing an additional 1,660,823 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Las Vegas Sands by 410.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 5,167,553 shares of the casino operator’s stock worth $277,963,000 after acquiring an additional 4,154,753 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Las Vegas Sands by 5.3% during the third quarter. Dimensional Fund Advisors LP now owns 3,723,494 shares of the casino operator’s stock worth $200,335,000 after acquiring an additional 187,389 shares during the last quarter. M&T Bank Corp increased its position in shares of Las Vegas Sands by 33,102.6% during the fourth quarter. M&T Bank Corp now owns 3,060,288 shares of the casino operator’s stock worth $197,463,000 after acquiring an additional 3,051,071 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Las Vegas Sands by 64.5% during the third quarter. AQR Capital Management LLC now owns 2,819,128 shares of the casino operator’s stock worth $151,641,000 after acquiring an additional 1,105,630 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Stock Down 0.1%

Shares of Las Vegas Sands stock opened at $49.38 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 8.64. The firm has a market cap of $32.72 billion, a P/E ratio of 18.29, a P/E/G ratio of 1.12 and a beta of 0.85. Las Vegas Sands Corp. has a fifty-two week low of $39.36 and a fifty-two week high of $70.45. The business has a 50-day moving average price of $53.41 and a 200 day moving average price of $58.72.

Las Vegas Sands (NYSE:LVS – Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.15. The firm had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.32 billion. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.Las Vegas Sands’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.59 earnings per share. On average, sell-side analysts forecast that Las Vegas Sands Corp. will post 3.38 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, May 5th. Las Vegas Sands’s payout ratio is currently 44.44%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on LVS shares. Wall Street Zen lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Saturday. Seaport Research Partners dropped their target price on Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Argus dropped their target price on Las Vegas Sands from $80.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Barclays lifted their target price on Las Vegas Sands from $64.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Finally, Wells Fargo & Company dropped their target price on Las Vegas Sands from $68.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 16th. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $68.28.

Read Our Latest Research Report on Las Vegas Sands

Insiders Place Their Bets

In related news, CEO Patrick Dumont sold 60,165 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $54.75, for a total value of $3,294,033.75. Following the completion of the sale, the chief executive officer directly owned 511,942 shares of the company’s stock, valued at $28,028,824.50. The trade was a 10.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.55% of the stock is currently owned by corporate insiders.

Las Vegas Sands Profile

(Free Report)

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.