Anfield Capital Management LLC Invests $193,000 in Icahn Enterprises L.P. (NASDAQ:IEP)

Anfield Capital Management LLC acquired a new position in Icahn Enterprises L.P. (NASDAQ:IEP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,217 shares of the conglomerate’s stock, valued at approximately $193,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. PSI Advisors LLC raised its position in shares of Icahn Enterprises by 4.5% in the 4th quarter. PSI Advisors LLC now owns 23,940 shares of the conglomerate’s stock worth $412,000 after acquiring an additional 1,029 shares in the last quarter. Western Wealth Management LLC raised its position in shares of Icahn Enterprises by 20.3% in the 4th quarter. Western Wealth Management LLC now owns 33,164 shares of the conglomerate’s stock valued at $570,000 after purchasing an additional 5,586 shares during the last quarter. Koshinski Asset Management Inc. purchased a new position in shares of Icahn Enterprises in the fourth quarter worth $643,000. International Assets Investment Management LLC increased its holdings in Icahn Enterprises by 1,623.0% in the 4th quarter. International Assets Investment Management LLC now owns 334,483 shares of the conglomerate’s stock worth $5,750,000 after buying an additional 315,070 shares during the period. Finally, KG&L Capital Management LLC lifted its stake in Icahn Enterprises by 19.8% during the 4th quarter. KG&L Capital Management LLC now owns 28,607 shares of the conglomerate’s stock valued at $492,000 after acquiring an additional 4,720 shares during the period. Hedge funds and other institutional investors own 87.09% of the company’s stock.

Icahn Enterprises Stock Down 0.1 %

Icahn Enterprises stock opened at $17.25 on Friday. The business’s 50-day moving average price is $17.93 and its 200 day moving average price is $17.78. The company has a quick ratio of 5.70, a current ratio of 5.70 and a debt-to-equity ratio of 1.19. The firm has a market cap of $7.40 billion, a price-to-earnings ratio of -9.53 and a beta of 0.84. Icahn Enterprises L.P. has a 52 week low of $15.00 and a 52 week high of $51.55.

Icahn Enterprises (NASDAQ:IEP) last issued its quarterly earnings data on Wednesday, February 28th. The conglomerate reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.54). The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.73 billion. Icahn Enterprises had a negative return on equity of 9.60% and a negative net margin of 6.21%. As a group, sell-side analysts anticipate that Icahn Enterprises L.P. will post 0.93 earnings per share for the current year.

Icahn Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Monday, March 11th were issued a $1.00 dividend. The ex-dividend date was Friday, March 8th. This represents a $4.00 dividend on an annualized basis and a yield of 23.19%. Icahn Enterprises’s payout ratio is -220.99%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Icahn Enterprises from a “hold” rating to a “buy” rating in a report on Tuesday, March 12th.

About Icahn Enterprises

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.