Janney Montgomery Scott LLC Has $478,000 Holdings in Icahn Enterprises L.P. (NASDAQ:IEP)

Janney Montgomery Scott LLC boosted its holdings in Icahn Enterprises L.P. (NASDAQ:IEP - Free Report) by 164.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 52,759 shares of the conglomerate's stock after acquiring an additional 32,772 shares during the period. Janney Montgomery Scott LLC's holdings in Icahn Enterprises were worth $478,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Meridian Wealth Management LLC lifted its holdings in shares of Icahn Enterprises by 5.1% during the 4th quarter. Meridian Wealth Management LLC now owns 21,171 shares of the conglomerate's stock worth $184,000 after acquiring an additional 1,026 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Icahn Enterprises during the fourth quarter worth approximately $969,000. Moors & Cabot Inc. grew its position in shares of Icahn Enterprises by 8.1% during the fourth quarter. Moors & Cabot Inc. now owns 48,355 shares of the conglomerate's stock worth $419,000 after buying an additional 3,642 shares in the last quarter. Axxcess Wealth Management LLC acquired a new position in Icahn Enterprises in the fourth quarter worth $447,000. Finally, Virtu Financial LLC acquired a new position in Icahn Enterprises in the fourth quarter worth $856,000. 87.09% of the stock is owned by institutional investors and hedge funds.

Icahn Enterprises Stock Performance

Shares of NASDAQ IEP traded down $0.09 during midday trading on Monday, reaching $8.47. 505,724 shares of the company traded hands, compared to its average volume of 964,090. Icahn Enterprises L.P. has a 52 week low of $7.27 and a 52 week high of $17.93. The stock has a 50-day moving average price of $8.58 and a 200 day moving average price of $9.04. The company has a debt-to-equity ratio of 1.82, a current ratio of 3.04 and a quick ratio of 3.04. The company has a market cap of $4.63 billion, a price-to-earnings ratio of -5.13 and a beta of 0.77.

Icahn Enterprises (NASDAQ:IEP - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The conglomerate reported ($0.79) earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.98). The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.63 billion. Icahn Enterprises had a negative net margin of 8.55% and a negative return on equity of 17.64%. Sell-side analysts anticipate that Icahn Enterprises L.P. will post -0.55 earnings per share for the current fiscal year.

Icahn Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Monday, May 19th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $2.00 annualized dividend and a yield of 23.61%. Icahn Enterprises's dividend payout ratio (DPR) is currently -121.21%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Icahn Enterprises from a "sell" rating to a "hold" rating in a research note on Saturday, May 17th.

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.