Jump Financial LLC Acquires Shares of 155,609 Icahn Enterprises L.P. (NASDAQ:IEP)

Jump Financial LLC bought a new position in shares of Icahn Enterprises L.P. (NASDAQ:IEPFree Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 155,609 shares of the conglomerate’s stock, valued at approximately $2,675,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in IEP. Pacific Capital Wealth Advisors Inc. purchased a new stake in shares of Icahn Enterprises in the fourth quarter valued at about $86,000. Global Retirement Partners LLC boosted its stake in shares of Icahn Enterprises by 467.1% in the 4th quarter. Global Retirement Partners LLC now owns 5,495 shares of the conglomerate’s stock worth $98,000 after buying an additional 4,526 shares during the last quarter. Citigroup Inc. increased its position in shares of Icahn Enterprises by 45.7% during the third quarter. Citigroup Inc. now owns 8,835 shares of the conglomerate’s stock valued at $175,000 after acquiring an additional 2,772 shares during the last quarter. National Bank of Canada FI lifted its holdings in Icahn Enterprises by 6.0% during the fourth quarter. National Bank of Canada FI now owns 10,600 shares of the conglomerate’s stock worth $187,000 after acquiring an additional 600 shares during the period. Finally, Anfield Capital Management LLC purchased a new position in Icahn Enterprises in the fourth quarter worth $193,000. 87.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Icahn Enterprises from a “buy” rating to a “hold” rating in a research note on Thursday.

Check Out Our Latest Research Report on IEP

Icahn Enterprises Price Performance

Shares of IEP traded up $0.57 during midday trading on Monday, reaching $18.55. The stock had a trading volume of 461,490 shares, compared to its average volume of 678,359. The company has a market capitalization of $8.37 billion, a price-to-earnings ratio of -15.63 and a beta of 0.81. The company has a current ratio of 4.62, a quick ratio of 4.62 and a debt-to-equity ratio of 1.17. Icahn Enterprises L.P. has a 12-month low of $15.00 and a 12-month high of $36.39. The company’s 50-day moving average is $17.46 and its 200 day moving average is $17.76.

Icahn Enterprises (NASDAQ:IEPGet Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The conglomerate reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.54). The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.73 billion. Icahn Enterprises had a negative return on equity of 7.04% and a negative net margin of 4.30%. On average, equities analysts predict that Icahn Enterprises L.P. will post 0.93 EPS for the current fiscal year.

Icahn Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Monday, May 20th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 21.56%. The ex-dividend date is Friday, May 17th. Icahn Enterprises’s payout ratio is -347.83%.

About Icahn Enterprises

(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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