SG Americas Securities LLC Takes Position in Icahn Enterprises L.P. (NASDAQ:IEP)

SG Americas Securities LLC acquired a new position in Icahn Enterprises L.P. (NASDAQ:IEPGet Rating) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,827 shares of the conglomerate’s stock, valued at approximately $136,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IEP. Jones Financial Companies Lllp purchased a new position in Icahn Enterprises in the 1st quarter valued at approximately $58,000. National Asset Management Inc. grew its position in shares of Icahn Enterprises by 3.4% in the first quarter. National Asset Management Inc. now owns 12,036 shares of the conglomerate’s stock valued at $626,000 after purchasing an additional 395 shares in the last quarter. Firethorn Wealth Partners LLC bought a new stake in shares of Icahn Enterprises during the 1st quarter valued at $303,000. International Assets Investment Management LLC purchased a new stake in Icahn Enterprises during the 1st quarter worth about $226,000. Finally, Envestnet Asset Management Inc. bought a new position in Icahn Enterprises in the 1st quarter worth about $200,000. 87.49% of the stock is currently owned by institutional investors.

Icahn Enterprises Price Performance

Shares of NASDAQ IEP opened at $53.91 on Tuesday. The stock’s 50-day simple moving average is $52.43 and its two-hundred day simple moving average is $51.89. Icahn Enterprises L.P. has a twelve month low of $47.17 and a twelve month high of $55.73. The firm has a market capitalization of $18.19 billion, a P/E ratio of -37.44 and a beta of 0.78. The company has a quick ratio of 5.70, a current ratio of 6.10 and a debt-to-equity ratio of 0.72.

Icahn Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 21st. Investors of record on Friday, November 18th will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 14.84%. The ex-dividend date of this dividend is Thursday, November 17th. Icahn Enterprises’s dividend payout ratio is currently -555.55%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on IEP. TheStreet raised shares of Icahn Enterprises from a “d+” rating to a “c-” rating in a research note on Thursday, October 6th. assumed coverage on shares of Icahn Enterprises in a research report on Wednesday, October 12th. They set a “hold” rating for the company.

Icahn Enterprises Company Profile

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Icahn Enterprises L.P., through its subsidiaries, operates in investment, energy, automotive, food packaging, real estate, home fashion, and pharma businesses in the United States and Internationally. Its Investment segment invests its proprietary capital through various private investment funds. The company's Energy segment refines and markets transportation fuels; and produces and markets nitrogen fertilizers in the form of urea ammonium nitrate and ammonia.

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Institutional Ownership by Quarter for Icahn Enterprises (NASDAQ:IEP)

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