Barclays PLC grew its position in Icahn Enterprises L.P. (NASDAQ:IEP – Free Report) by 57.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,002 shares of the conglomerate’s stock after buying an additional 11,644 shares during the period. Barclays PLC’s holdings in Icahn Enterprises were worth $930,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Morgan Stanley grew its stake in shares of Icahn Enterprises by 53.0% in the 4th quarter. Morgan Stanley now owns 837,448 shares of the conglomerate’s stock valued at $42,417,000 after buying an additional 290,199 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of Icahn Enterprises by 4,112.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 334,579 shares of the conglomerate’s stock worth $17,375,000 after acquiring an additional 326,637 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Icahn Enterprises by 0.6% in the 1st quarter. Geode Capital Management LLC now owns 263,246 shares of the conglomerate’s stock worth $13,612,000 after acquiring an additional 1,672 shares during the last quarter. BNP Paribas Arbitrage SNC lifted its holdings in shares of Icahn Enterprises by 185.9% in the 1st quarter. BNP Paribas Arbitrage SNC now owns 158,279 shares of the conglomerate’s stock worth $8,185,000 after acquiring an additional 102,911 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of Icahn Enterprises by 9.9% in the 1st quarter. LPL Financial LLC now owns 152,342 shares of the conglomerate’s stock worth $7,878,000 after acquiring an additional 13,730 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.
Wall Street Analysts Forecast Growth
IEP has been the topic of several recent analyst reports. StockNews.com initiated coverage on shares of Icahn Enterprises in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Jefferies Financial Group decreased their price objective on shares of Icahn Enterprises from $43.00 to $27.00 and set a “buy” rating on the stock in a report on Monday, August 7th.
Icahn Enterprises Price Performance
Icahn Enterprises stock opened at $16.52 on Tuesday. The firm has a market cap of $6.79 billion, a PE ratio of -7.44 and a beta of 0.94. Icahn Enterprises L.P. has a 52-week low of $16.04 and a 52-week high of $54.48. The company has a quick ratio of 5.34, a current ratio of 5.34 and a debt-to-equity ratio of 1.07. The company’s 50 day moving average is $18.81 and its two-hundred day moving average is $24.37.
Icahn Enterprises Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Shareholders of record on Friday, November 17th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $4.00 dividend on an annualized basis and a yield of 24.21%. Icahn Enterprises’s dividend payout ratio (DPR) is presently -180.18%.
About Icahn Enterprises
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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