Icahn Enterprises LP (IEP) Holdings Increased by Deutsche Bank AG

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.

How to Become a New Pot Stock Millionaire

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.

Shares of IEP opened at $57.04 on Monday. The company has a debt-to-equity ratio of 0.98, a current ratio of 3.98 and a quick ratio of 3.98. The stock has a market capitalization of $9,900.83, a PE ratio of 3.87 and a beta of 1.54. Icahn Enterprises LP has a one year low of $47.06 and a one year high of $62.79.

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%.

TRADEMARK VIOLATION NOTICE: This report was first reported by WKRB News and is owned by of WKRB News. If you are reading this report on another site, it was copied illegally and reposted in violation of United States & international trademark & copyright laws. The correct version of this report can be viewed at https://www.wkrb13.com/2018/04/02/icahn-enterprises-lp-iep-holdings-increased-by-deutsche-bank-ag.html.

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.

Want to see what other hedge funds are holding IEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Icahn Enterprises LP (NASDAQ:IEP).

Institutional Ownership by Quarter for Icahn Enterprises (NASDAQ:IEP)

Receive News & Ratings for Icahn Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Icahn Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply