Virtu Financial LLC Buys Shares of 98,682 Icahn Enterprises L.P. (NASDAQ:IEP)

Virtu Financial LLC purchased a new position in shares of Icahn Enterprises L.P. (NASDAQ:IEP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 98,682 shares of the conglomerate’s stock, valued at approximately $856,000.

Several other institutional investors have also bought and sold shares of the company. Merit Financial Group LLC bought a new position in Icahn Enterprises during the fourth quarter worth about $343,000. MML Investors Services LLC bought a new position in Icahn Enterprises in the 3rd quarter worth approximately $171,000. Barclays PLC grew its stake in Icahn Enterprises by 24.3% in the 3rd quarter. Barclays PLC now owns 7,307 shares of the conglomerate’s stock valued at $100,000 after buying an additional 1,427 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Icahn Enterprises by 3.1% during the third quarter. Geode Capital Management LLC now owns 408,157 shares of the conglomerate’s stock worth $5,518,000 after acquiring an additional 12,421 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its position in shares of Icahn Enterprises by 18.1% during the fourth quarter. Global Retirement Partners LLC now owns 7,122 shares of the conglomerate’s stock worth $62,000 after acquiring an additional 1,089 shares in the last quarter. Hedge funds and other institutional investors own 87.09% of the company’s stock.

Icahn Enterprises Trading Down 2.9 %

Shares of Icahn Enterprises stock opened at $9.41 on Tuesday. The company’s 50-day moving average price is $9.73 and its 200-day moving average price is $11.06. The company has a market cap of $4.92 billion, a price-to-earnings ratio of -8.63 and a beta of 0.85. Icahn Enterprises L.P. has a 12-month low of $8.53 and a 12-month high of $19.10. The company has a current ratio of 4.61, a quick ratio of 4.61 and a debt-to-equity ratio of 1.34.

Icahn Enterprises (NASDAQ:IEP) last announced its quarterly earnings results on Wednesday, February 26th. The conglomerate reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.36). The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.27 billion. Icahn Enterprises had a negative net margin of 4.79% and a negative return on equity of 8.82%. On average, equities analysts expect that Icahn Enterprises L.P. will post -0.55 earnings per share for the current fiscal year.

Icahn Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Monday, March 10th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.00 annualized dividend and a dividend yield of 21.25%. Icahn Enterprises’s payout ratio is currently -210.53%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Icahn Enterprises from a “hold” rating to a “sell” rating in a research note on Sunday, March 16th.

Icahn Enterprises Company 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.