Key Client Fiduciary Advisors LLC Has $655,000 Holdings in Icahn Enterprises L.P. (NASDAQ:IEP)

Key Client Fiduciary Advisors LLC cut its position in shares of Icahn Enterprises L.P. (NASDAQ:IEP) by 6.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,735 shares of the conglomerate’s stock after selling 2,713 shares during the period. Key Client Fiduciary Advisors LLC’s holdings in Icahn Enterprises were worth $655,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Icahn Enterprises by 621.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 270,995 shares of the conglomerate’s stock worth $4,610,000 after buying an additional 233,410 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Icahn Enterprises by 22.3% during the first quarter. International Assets Investment Management LLC now owns 23,798 shares of the conglomerate’s stock valued at $404,000 after acquiring an additional 4,340 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Icahn Enterprises by 76.4% in the 1st quarter. BNP Paribas Financial Markets now owns 314,888 shares of the conglomerate’s stock valued at $5,356,000 after purchasing an additional 136,418 shares in the last quarter. National Bank of Canada FI grew its holdings in shares of Icahn Enterprises by 6.0% in the 4th quarter. National Bank of Canada FI now owns 10,600 shares of the conglomerate’s stock worth $187,000 after purchasing an additional 600 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in shares of Icahn Enterprises by 133.0% during the 4th quarter. Parallel Advisors LLC now owns 2,006 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 1,145 shares in the last quarter. 87.09% of the stock is currently owned by institutional investors and hedge funds.

Icahn Enterprises Price Performance

Shares of IEP traded up $0.34 on Wednesday, hitting $16.85. The company’s stock had a trading volume of 702,380 shares, compared to its average volume of 686,169. The company has a 50 day moving average price of $16.71 and a 200 day moving average price of $17.48. Icahn Enterprises L.P. has a fifty-two week low of $14.69 and a fifty-two week high of $24.31. The company has a market capitalization of $7.60 billion, a PE ratio of -14.65 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.

Icahn Enterprises (NASDAQ:IEP) last posted its quarterly earnings data on Wednesday, August 7th. The conglomerate reported ($0.72) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.91). Icahn Enterprises had a negative return on equity of 7.04% and a negative net margin of 4.30%. The business had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same period in the prior year, the firm posted ($0.72) EPS. On average, research analysts anticipate that Icahn Enterprises L.P. will post 0.53 earnings per share for the current fiscal year.

Icahn Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Monday, August 19th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 23.74%. The ex-dividend date of this dividend is Monday, August 19th. Icahn Enterprises’s payout ratio is presently -347.83%.

Wall Street Analysts Forecast Growth

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

Icahn Enterprises 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.