Icahn Enterprises LP (IEP) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its stake in shares of Icahn Enterprises LP (NASDAQ:IEP) by 10.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,077 shares of the conglomerate’s stock after purchasing an additional 3,772 shares during the quarter. Hsbc Holdings PLC’s holdings in Icahn Enterprises were worth $2,231,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Private Advisor Group LLC bought a new stake in shares of Icahn Enterprises during the third quarter worth approximately $385,000. Janney Montgomery Scott LLC boosted its holdings in shares of Icahn Enterprises by 12.6% during the third quarter. Janney Montgomery Scott LLC now owns 8,378 shares of the conglomerate’s stock worth $592,000 after acquiring an additional 935 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Icahn Enterprises by 8.7% during the third quarter. Commonwealth Equity Services LLC now owns 19,431 shares of the conglomerate’s stock worth $1,374,000 after acquiring an additional 1,563 shares during the period. Credit Suisse AG boosted its holdings in shares of Icahn Enterprises by 78.5% during the third quarter. Credit Suisse AG now owns 6,849 shares of the conglomerate’s stock worth $484,000 after acquiring an additional 3,013 shares during the period. Finally, GSA Capital Partners LLP bought a new stake in shares of Icahn Enterprises during the third quarter worth approximately $587,000. 96.78% of the stock is currently owned by institutional investors.

Shares of IEP stock opened at $73.89 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 8.55 and a current ratio of 8.55. Icahn Enterprises LP has a 1 year low of $50.33 and a 1 year high of $81.88.

Icahn Enterprises (NASDAQ:IEP) last issued its quarterly earnings results on Thursday, February 28th. The conglomerate reported $8.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.83 by $2.20. Icahn Enterprises had a negative return on equity of 1.31% and a net margin of 10.39%.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 17th. Investors of record on Monday, March 11th will be paid a $2.00 dividend. This is a boost from Icahn Enterprises’s previous quarterly dividend of $1.75. This represents a $8.00 annualized dividend and a dividend yield of 10.83%. The ex-dividend date is Friday, March 8th.

Separately, BidaskClub upgraded Icahn Enterprises from a “sell” rating to a “hold” rating in a research note on Thursday, January 10th.

In related news, Director Jack Gumpert Wasserman purchased 500 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was acquired at an average cost of $77.81 per share, for a total transaction of $38,905.00. Following the completion of the purchase, the director now owns 1,562 shares in the company, valued at approximately $121,539.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 90.10% of the company’s stock.

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Icahn Enterprises Company Profile

Icahn Enterprises L.P., through its subsidiaries, operates in investment, automotive, energy, railcar, gaming, metals, mining, food packaging, real estate, and home fashion businesses in the United States, Germany, and Internationally. Its Investment segment operates various private investment funds.

Further Reading: Trading Strategy

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

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