Commonwealth Equity Services LLC lifted its holdings in shares of Icahn Enterprises LP (NASDAQ:IEP) by 8.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,431 shares of the conglomerate’s stock after acquiring an additional 1,563 shares during the period. Commonwealth Equity Services LLC’s holdings in Icahn Enterprises were worth $1,374,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in IEP. Royal Bank of Canada grew its position in Icahn Enterprises by 243.2% in the 1st quarter. Royal Bank of Canada now owns 4,939 shares of the conglomerate’s stock valued at $282,000 after buying an additional 3,500 shares during the last quarter. Private Advisor Group LLC purchased a new position in Icahn Enterprises in the 3rd quarter valued at $385,000. Oppenheimer & Co. Inc. grew its position in Icahn Enterprises by 55.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 5,760 shares of the conglomerate’s stock valued at $407,000 after buying an additional 2,056 shares during the last quarter. CIBC Asset Management Inc grew its position in Icahn Enterprises by 13.9% in the 2nd quarter. CIBC Asset Management Inc now owns 6,242 shares of the conglomerate’s stock valued at $444,000 after buying an additional 764 shares during the last quarter. Finally, Centaurus Financial Inc. purchased a new position in Icahn Enterprises in the 2nd quarter valued at $502,000. Institutional investors and hedge funds own 94.41% of the company’s stock.
Separately, BidaskClub lowered shares of Icahn Enterprises from a “buy” rating to a “hold” rating in a research report on Thursday, September 6th.
Shares of NASDAQ IEP opened at $66.14 on Friday. The firm has a market cap of $12.43 billion, a price-to-earnings ratio of 20.62 and a beta of 1.32. Icahn Enterprises LP has a one year low of $51.01 and a one year high of $81.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 5.84 and a current ratio of 5.84.
Icahn Enterprises (NASDAQ:IEP) last issued its earnings results on Thursday, November 8th. The conglomerate reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.91 by ($1.07). The company had revenue of $2.69 billion for the quarter. Icahn Enterprises had a return on equity of 4.76% and a net margin of 5.29%.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 18th. Shareholders of record on Monday, November 12th will be given a dividend of $1.75 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $7.00 annualized dividend and a dividend yield of 10.58%.
About Icahn Enterprises
Icahn Enterprises L.P., through its subsidiaries, operates in investment, automotive, energy, railcar, gaming, metals, mining, food packaging, real estate, and home fashion businesses in the United States, Germany, and Internationally. Its Investment segment operates various private investment funds.
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