M&T Bank Corp Takes Position in Icahn Enterprises L.P. (NASDAQ:IEP)

M&T Bank Corp acquired a new stake in Icahn Enterprises L.P. (NASDAQ:IEPFree Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,776 shares of the conglomerate’s stock, valued at approximately $161,000.

Several other large investors have also recently added to or reduced their stakes in IEP. Icahn Carl C raised its holdings in shares of Icahn Enterprises by 4.1% in the 4th quarter. Icahn Carl C now owns 450,788,170 shares of the conglomerate’s stock worth $3,908,333,000 after purchasing an additional 17,581,237 shares during the period. First Trust Advisors LP grew its stake in shares of Icahn Enterprises by 26.2% in the fourth quarter. First Trust Advisors LP now owns 660,077 shares of the conglomerate’s stock valued at $5,723,000 after buying an additional 137,012 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Icahn Enterprises in the fourth quarter valued at about $969,000. Virtu Financial LLC acquired a new stake in Icahn Enterprises during the 4th quarter valued at approximately $856,000. Finally, Janney Montgomery Scott LLC grew its stake in Icahn Enterprises by 164.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 52,759 shares of the conglomerate’s stock valued at $478,000 after purchasing an additional 32,772 shares in the last quarter. 87.09% of the stock is currently owned by hedge funds and other institutional investors.

Icahn Enterprises Stock Down 3.2%

Shares of Icahn Enterprises stock opened at $9.07 on Friday. The business’s fifty day moving average price is $8.65 and its two-hundred day moving average price is $9.05. The company has a debt-to-equity ratio of 1.82, a current ratio of 3.04 and a quick ratio of 3.04. The company has a market capitalization of $4.95 billion, a P/E ratio of -5.50 and a beta of 0.77. Icahn Enterprises L.P. has a 1-year low of $7.27 and a 1-year high of $17.93.

Icahn Enterprises (NASDAQ:IEPGet Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The conglomerate reported ($0.79) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.98). Icahn Enterprises had a negative net margin of 8.55% and a negative return on equity of 17.64%. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2.63 billion. As a group, research analysts forecast that Icahn Enterprises L.P. will post -0.55 EPS for the current year.

Icahn Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Monday, May 19th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 22.05%. The ex-dividend date of this dividend was Monday, May 19th. Icahn Enterprises’s dividend payout ratio (DPR) is presently -121.21%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Icahn Enterprises from a “sell” rating to a “hold” rating in a report on Saturday, May 17th.

Read Our Latest Stock Analysis on Icahn Enterprises

Icahn Enterprises Profile

(Free Report)

Icahn Enterprises L.P., through its subsidiaries, engages in the investment, energy, automotive, food packaging, real estate, home fashion, and pharma businesses in the United States and Internationally. The Investment segment invests its proprietary capital through various private investment funds. This segment provides investment advisory and other related services.

See Also

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

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