Truist Financial Corp purchased a new stake in Icahn Enterprises L.P. (NASDAQ:IEP – Get Rating) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,709 shares of the conglomerate’s stock, valued at approximately $234,000.
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Several other institutional investors and hedge funds have also modified their holdings of IEP. Icahn Carl C lifted its position in Icahn Enterprises by 8.0% during the second quarter. Icahn Carl C now owns 277,653,658 shares of the conglomerate’s stock worth $13,360,695,000 after purchasing an additional 20,606,398 shares during the period. BNP Paribas Arbitrage SA lifted its position in Icahn Enterprises by 4,112.8% during the first quarter. BNP Paribas Arbitrage SA now owns 334,579 shares of the conglomerate’s stock worth $17,375,000 after purchasing an additional 326,637 shares during the period. Ulrich Consultants & Investment Group LLC bought a new stake in Icahn Enterprises during the second quarter worth about $6,772,000. Natixis bought a new stake in Icahn Enterprises during the second quarter worth about $6,665,000. Finally, First Trust Advisors LP lifted its position in Icahn Enterprises by 7.9% during the first quarter. First Trust Advisors LP now owns 121,231 shares of the conglomerate’s stock worth $6,296,000 after purchasing an additional 8,928 shares during the period. 86.86% of the stock is currently owned by institutional investors and hedge funds.
Icahn Enterprises Stock Up 0.1 %
IEP stock opened at $53.65 on Friday. The stock has a market capitalization of $18.11 billion, a P/E ratio of -37.26 and a beta of 0.76. The company has a current ratio of 6.10, a quick ratio of 6.10 and a debt-to-equity ratio of 0.72. Icahn Enterprises L.P. has a 12 month low of $47.17 and a 12 month high of $55.73. The firm has a 50-day moving average price of $51.50 and a 200-day moving average price of $52.08.
Icahn Enterprises (NASDAQ:IEP – Get Rating) last posted its earnings results on Thursday, November 3rd. The conglomerate reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.59). The company had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.06 billion. Icahn Enterprises had a negative return on equity of 3.31% and a negative net margin of 2.66%. As a group, equities research analysts anticipate that Icahn Enterprises L.P. will post 0.38 EPS for the current fiscal year.
Icahn Enterprises Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 21st. Investors of record on Friday, November 18th were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Thursday, November 17th. This represents a $8.00 annualized dividend and a yield of 14.91%. Icahn Enterprises’s dividend payout ratio is presently -555.55%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on IEP shares. StockNews.com started coverage on shares of Icahn Enterprises in a report on Wednesday, October 12th. They issued a “hold” rating for the company. TheStreet raised shares of Icahn Enterprises from a “d+” rating to a “c-” rating in a report on Thursday, October 6th.
About Icahn Enterprises
Icahn Enterprises LP operates as holding company. It operates through following eight business segments: Investment, Automotive, Energy, Food Packaging, Metals, Real Estate, Home Fashion, and Pharma. The Investment segment consists of various private investment funds. The Automotive segment holds ownership in Icahn Automotive Group LLC.
See Also
Want to see what other hedge funds are holding IEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Icahn Enterprises L.P. (NASDAQ:IEP – Get Rating).
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