SeaCrest Wealth Management LLC purchased a new stake in Icahn Enterprises L.P. (NASDAQ:IEP – Get Rating) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,000 shares of the conglomerate’s stock, valued at approximately $48,000.
A number of other hedge funds have also recently bought and sold shares of the stock. BNP Paribas Arbitrage SA boosted its holdings in Icahn Enterprises by 4,112.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 334,579 shares of the conglomerate’s stock valued at $17,375,000 after purchasing an additional 326,637 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Icahn Enterprises by 23.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 272,764 shares of the conglomerate’s stock worth $14,165,000 after acquiring an additional 50,926 shares during the period. First Trust Advisors LP lifted its holdings in shares of Icahn Enterprises by 7.9% during the 1st quarter. First Trust Advisors LP now owns 121,231 shares of the conglomerate’s stock worth $6,296,000 after acquiring an additional 8,928 shares during the period. Advisor Group Holdings Inc. lifted its holdings in shares of Icahn Enterprises by 44.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 105,180 shares of the conglomerate’s stock worth $5,463,000 after acquiring an additional 32,217 shares during the period. Finally, Merriman Wealth Management LLC bought a new position in shares of Icahn Enterprises during the 2nd quarter worth about $4,812,000. 87.49% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on IEP shares. TheStreet raised shares of Icahn Enterprises from a “d+” rating to a “c-” rating in a report on Thursday, October 6th. StockNews.com started coverage on shares of Icahn Enterprises in a report on Wednesday, October 12th. They set a “hold” rating for the company.
Icahn Enterprises Trading Down 0.8 %
Icahn Enterprises Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 21st. Investors of record on Friday, November 18th will be given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 15.43%. The ex-dividend date of this dividend is Thursday, November 17th. Icahn Enterprises’s dividend payout ratio (DPR) is currently -555.55%.
Icahn Enterprises Company Profile
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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