Icahn Enterprises L.P. $IEP Shares Bought by Key Client Fiduciary Advisors LLC

Key Client Fiduciary Advisors LLC grew its stake in shares of Icahn Enterprises L.P. (NASDAQ:IEP) by 6.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,333 shares of the conglomerate’s stock after acquiring an additional 1,961 shares during the quarter. Key Client Fiduciary Advisors LLC’s holdings in Icahn Enterprises were worth $276,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of IEP. Triumph Capital Management increased its stake in shares of Icahn Enterprises by 27.0% during the 4th quarter. Triumph Capital Management now owns 21,254 shares of the conglomerate’s stock valued at $184,000 after acquiring an additional 4,521 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Icahn Enterprises by 40,056.0% during the 4th quarter. BNP Paribas Financial Markets now owns 10,039 shares of the conglomerate’s stock valued at $87,000 after acquiring an additional 10,014 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new position in shares of Icahn Enterprises during the 4th quarter valued at about $37,000. Littlejohn Financial Services Inc. increased its stake in shares of Icahn Enterprises by 71.4% during the 1st quarter. Littlejohn Financial Services Inc. now owns 24,000 shares of the conglomerate’s stock valued at $217,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Paragon Capital Management Ltd acquired a new stake in Icahn Enterprises during the 1st quarter worth approximately $156,000. Institutional investors and hedge funds own 87.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Wall Street Zen raised shares of Icahn Enterprises from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Zacks Research raised shares of Icahn Enterprises from a “strong sell” rating to a “hold” rating in a research report on Friday, August 15th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Icahn Enterprises Stock Down 0.1%

NASDAQ IEP opened at $8.14 on Tuesday. The stock has a market cap of $4.67 billion, a PE ratio of -6.62 and a beta of 0.78. Icahn Enterprises L.P. has a fifty-two week low of $7.27 and a fifty-two week high of $15.65. The business has a 50 day moving average price of $8.88 and a two-hundred day moving average price of $8.79. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 1.96.

Icahn Enterprises (NASDAQ:IEP) last released its quarterly earnings results on Monday, August 4th. The conglomerate reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.44). The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Icahn Enterprises had a negative return on equity of 15.65% and a negative net margin of 6.78%. As a group, sell-side analysts predict that Icahn Enterprises L.P. will post -0.55 EPS for the current fiscal year.

Icahn Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Monday, August 18th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 24.6%. The ex-dividend date is Monday, August 18th. Icahn Enterprises’s dividend payout ratio is currently -162.60%.

About Icahn Enterprises

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.