Raymond James Financial Inc. Buys New Shares in Icahn Enterprises L.P. (NASDAQ:IEP)

Raymond James Financial Inc. bought a new position in Icahn Enterprises L.P. (NASDAQ:IEP) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 111,709 shares of the conglomerate’s stock, valued at approximately $969,000.

Several other institutional investors have also made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new position in Icahn Enterprises in the 3rd quarter worth approximately $30,000. Global Retirement Partners LLC grew its stake in Icahn Enterprises by 18.1% in the fourth quarter. Global Retirement Partners LLC now owns 7,122 shares of the conglomerate’s stock valued at $62,000 after acquiring an additional 1,089 shares during the period. Barclays PLC lifted its stake in Icahn Enterprises by 24.3% in the third quarter. Barclays PLC now owns 7,307 shares of the conglomerate’s stock valued at $100,000 after buying an additional 1,427 shares in the last quarter. Littlejohn Financial Services Inc. bought a new stake in Icahn Enterprises in the 4th quarter valued at $121,000. Finally, MML Investors Services LLC acquired a new position in shares of Icahn Enterprises during the third quarter worth about $171,000. 87.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised Icahn Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, March 26th.

Icahn Enterprises Trading Down 8.0 %

Shares of IEP stock opened at $8.25 on Friday. The company has a current ratio of 4.61, a quick ratio of 4.61 and a debt-to-equity ratio of 1.34. Icahn Enterprises L.P. has a 1-year low of $8.21 and a 1-year high of $19.10. The stock has a 50-day moving average of $9.66 and a 200-day moving average of $10.96. The stock has a market cap of $4.31 billion, a price-to-earnings ratio of -7.57 and a beta of 0.85.

Icahn Enterprises (NASDAQ:IEP) last issued its earnings results on Wednesday, February 26th. The conglomerate reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.36). The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.27 billion. Icahn Enterprises had a negative return on equity of 8.82% and a negative net margin of 4.79%. On average, equities research analysts forecast that Icahn Enterprises L.P. will post -0.55 earnings per share for the current year.

Icahn Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Monday, March 10th will be paid a $0.50 dividend. The ex-dividend date is Monday, March 10th. This represents a $2.00 dividend on an annualized basis and a yield of 24.24%. Icahn Enterprises’s dividend payout ratio (DPR) is presently -210.53%.

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.