Deutsche Bank AG grew its holdings in shares of Icahn Enterprises LP (NASDAQ:IEP) by 91.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 203,233 shares of the conglomerate’s stock after acquiring an additional 97,210 shares during the period. Deutsche Bank AG owned 0.12% of Icahn Enterprises worth $10,770,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Renaissance Technologies LLC acquired a new stake in shares of Icahn Enterprises in the 4th quarter valued at about $5,036,000. Mutual Advisors LLC acquired a new stake in shares of Icahn Enterprises in the 4th quarter valued at about $606,000. Arlington Partners LLC acquired a new stake in shares of Icahn Enterprises in the 4th quarter valued at about $569,000. Wells Fargo & Company MN grew its stake in shares of Icahn Enterprises by 11.4% in the 3rd quarter. Wells Fargo & Company MN now owns 95,188 shares of the conglomerate’s stock valued at $5,222,000 after buying an additional 9,738 shares during the period. Finally, Virtu Financial LLC grew its stake in shares of Icahn Enterprises by 61.1% in the 4th quarter. Virtu Financial LLC now owns 16,611 shares of the conglomerate’s stock valued at $880,000 after buying an additional 6,302 shares during the period. Hedge funds and other institutional investors own 97.68% of the company’s stock.
Several analysts have recently commented on IEP shares. BidaskClub downgraded Icahn Enterprises from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 20th. UBS restated a “sell” rating and issued a $45.00 target price (up from $42.00) on shares of Icahn Enterprises in a research note on Tuesday, March 6th. Two equities research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. Icahn Enterprises has a consensus rating of “Hold” and a consensus price target of $53.00.
Icahn Enterprises (NASDAQ:IEP) last issued its earnings results on Thursday, March 1st. The conglomerate reported $1.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $1.16. Icahn Enterprises had a return on equity of 23.08% and a net margin of 10.98%. The company had revenue of $4.73 billion during the quarter.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, March 12th will be given a $1.75 dividend. This is a boost from Icahn Enterprises’s previous quarterly dividend of $1.50. The ex-dividend date is Friday, March 9th. This represents a $7.00 annualized dividend and a yield of 12.27%.
About Icahn Enterprises
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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