Advisor Group Inc. lifted its holdings in Icahn Enterprises L.P. (NASDAQ:IEP) by 4.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,518 shares of the conglomerate’s stock after acquiring an additional 375 shares during the period. Advisor Group Inc.’s holdings in Icahn Enterprises L.P. were worth $328,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ffcm LLC bought a new position in Icahn Enterprises L.P. during the second quarter valued at approximately $112,000. Global X Management Co. LLC boosted its stake in Icahn Enterprises L.P. by 4.2% during the second quarter. Global X Management Co. LLC now owns 2,420 shares of the conglomerate’s stock valued at $125,000 after buying an additional 97 shares during the last quarter. IPG Investment Advisors LLC bought a new position in Icahn Enterprises L.P. during the second quarter valued at approximately $207,000. Cambridge Investment Research Advisors Inc. boosted its stake in Icahn Enterprises L.P. by 24.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,924 shares of the conglomerate’s stock valued at $358,000 after buying an additional 1,345 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. boosted its stake in Icahn Enterprises L.P. by 8.3% during the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 7,500 shares of the conglomerate’s stock valued at $387,000 after buying an additional 574 shares during the last quarter. 96.83% of the stock is owned by hedge funds and other institutional investors.
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Icahn Enterprises L.P. (NASDAQ:IEP) last posted its quarterly earnings data on Tuesday, August 8th. The conglomerate reported $9.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $9.02. Icahn Enterprises L.P. had a return on equity of 15.51% and a net margin of 6.35%. The company had revenue of $6.65 billion during the quarter.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Monday, August 14th were issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 10.87%. The ex-dividend date of this dividend was Thursday, August 10th. Icahn Enterprises L.P.’s dividend payout ratio is currently 38.22%.
IEP has been the subject of a number of research reports. Jefferies Group LLC reissued a “buy” rating and set a $61.00 price target on shares of Icahn Enterprises L.P. in a research note on Wednesday, August 9th. BidaskClub raised Icahn Enterprises L.P. from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Finally, TheStreet raised Icahn Enterprises L.P. from a “d+” rating to a “c” rating in a research note on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $50.50.
About Icahn Enterprises L.P.
Icahn Enterprises L.P. (Icahn Enterprises) is a holding company. The Company’s segments include Automotive, Energy, Metals, Railcar, Gaming, Food Packaging, Mining, Real Estate and Home Fashion. The Company’s Investment segment includes various private investment funds. The Company operates its Automotive segment through its ownership in Federal-Mogul Holdings Corporation and IEH Auto Parts Holding LLC.
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