Key Client Fiduciary Advisors LLC Decreases Stock Holdings in Icahn Enterprises L.P. (NASDAQ:IEP)

Key Client Fiduciary Advisors LLC lowered its stake in Icahn Enterprises L.P. (NASDAQ:IEP) by 8.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,166 shares of the conglomerate’s stock after selling 3,440 shares during the quarter. Key Client Fiduciary Advisors LLC’s holdings in Icahn Enterprises were worth $314,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in IEP. Prime Capital Investment Advisors LLC grew its holdings in shares of Icahn Enterprises by 6.4% in the third quarter. Prime Capital Investment Advisors LLC now owns 14,203 shares of the conglomerate’s stock worth $192,000 after acquiring an additional 855 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Icahn Enterprises by 61.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,845 shares of the conglomerate’s stock valued at $47,000 after purchasing an additional 1,083 shares in the last quarter. Barclays PLC grew its holdings in Icahn Enterprises by 24.3% during the third quarter. Barclays PLC now owns 7,307 shares of the conglomerate’s stock valued at $100,000 after purchasing an additional 1,427 shares during the period. PSI Advisors LLC increased its position in Icahn Enterprises by 4.8% in the third quarter. PSI Advisors LLC now owns 31,510 shares of the conglomerate’s stock worth $426,000 after buying an additional 1,455 shares in the last quarter. Finally, United Advisor Group LLC raised its stake in Icahn Enterprises by 7.7% during the 3rd quarter. United Advisor Group LLC now owns 28,930 shares of the conglomerate’s stock worth $391,000 after acquiring an additional 2,079 shares during the period. Institutional investors own 87.09% of the company’s stock.

Icahn Enterprises Price Performance

NASDAQ:IEP opened at $9.85 on Friday. The stock has a market cap of $4.96 billion, a PE ratio of -9.04 and a beta of 0.80. The company has a quick ratio of 4.61, a current ratio of 4.61 and a debt-to-equity ratio of 1.34. The business’s 50-day simple moving average is $10.03 and its two-hundred day simple moving average is $12.98. Icahn Enterprises L.P. has a 52 week low of $8.53 and a 52 week high of $22.59.

Icahn Enterprises (NASDAQ:IEP) last posted its quarterly earnings results on Friday, November 8th. The conglomerate reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.16). Icahn Enterprises had a negative return on equity of 8.82% and a negative net margin of 4.79%. The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the prior year, the firm posted ($0.01) earnings per share. As a group, analysts forecast that Icahn Enterprises L.P. will post -0.55 EPS for the current fiscal year.

Icahn Enterprises Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Monday, November 18th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, November 18th. This represents a $2.00 annualized dividend and a yield of 20.30%. Icahn Enterprises’s payout ratio is -183.48%.

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.