BNP Paribas Financial Markets Increases Position in Icahn Enterprises L.P. (NASDAQ:IEP)

BNP Paribas Financial Markets raised its position in shares of Icahn Enterprises L.P. (NASDAQ:IEP) by 76.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 314,888 shares of the conglomerate’s stock after buying an additional 136,418 shares during the period. BNP Paribas Financial Markets owned about 0.07% of Icahn Enterprises worth $5,356,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its position in Icahn Enterprises by 1,623.0% in the 4th quarter. International Assets Investment Management LLC now owns 334,483 shares of the conglomerate’s stock valued at $5,750,000 after buying an additional 315,070 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Icahn Enterprises by 621.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 270,995 shares of the conglomerate’s stock valued at $4,610,000 after purchasing an additional 233,410 shares during the period. Jump Financial LLC acquired a new position in Icahn Enterprises during the 4th quarter worth $2,675,000. Raymond James Financial Services Advisors Inc. raised its position in Icahn Enterprises by 15.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 133,867 shares of the conglomerate’s stock valued at $2,277,000 after purchasing an additional 17,759 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Icahn Enterprises by 49.0% in the 1st quarter. Commonwealth Equity Services LLC now owns 103,448 shares of the conglomerate’s stock valued at $1,760,000 after buying an additional 34,003 shares during the period. Hedge funds and other institutional investors own 87.09% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Icahn Enterprises from a “buy” rating to a “hold” rating in a report on Thursday, May 9th.

Icahn Enterprises Stock Performance

NASDAQ:IEP opened at $16.93 on Friday. The firm has a market capitalization of $7.64 billion, a PE ratio of -14.72 and a beta of 0.80. The company has a debt-to-equity ratio of 1.17, a current ratio of 4.62 and a quick ratio of 4.62. The business’s fifty day moving average price is $16.76 and its 200 day moving average price is $17.58. Icahn Enterprises L.P. has a 12 month low of $15.00 and a 12 month high of $35.05.

Icahn Enterprises (NASDAQ:IEP) last issued its earnings results on Wednesday, May 8th. The conglomerate reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.34). The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.79 billion. Icahn Enterprises had a negative return on equity of 7.04% and a negative net margin of 4.30%. On average, sell-side analysts anticipate that Icahn Enterprises L.P. will post 0.53 earnings per share for the current fiscal year.

Icahn Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Monday, May 20th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $4.00 annualized dividend and a yield of 23.63%. Icahn Enterprises’s dividend payout ratio is currently -347.82%.

Icahn Enterprises Company Profile

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.