National Bank of Canada FI Buys 2,500 Shares of Icahn Enterprises L.P. (NASDAQ:IEP)

National Bank of Canada FI boosted its position in shares of Icahn Enterprises L.P. (NASDAQ:IEP) by 12.5% in the third quarter, Holdings Channel.com reports. The firm owned 22,500 shares of the conglomerate’s stock after acquiring an additional 2,500 shares during the period. National Bank of Canada FI’s holdings in Icahn Enterprises were worth $304,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC bought a new position in shares of Icahn Enterprises during the third quarter worth about $164,000. Griffin Asset Management Inc. grew its stake in shares of Icahn Enterprises by 10.3% during the 2nd quarter. Griffin Asset Management Inc. now owns 37,083 shares of the conglomerate’s stock worth $611,000 after acquiring an additional 3,473 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Icahn Enterprises by 6.1% in the second quarter. Commonwealth Equity Services LLC now owns 109,724 shares of the conglomerate’s stock valued at $1,808,000 after purchasing an additional 6,276 shares during the last quarter. KPP Advisory Services LLC bought a new stake in shares of Icahn Enterprises in the second quarter worth $187,000. Finally, Western Wealth Management LLC boosted its holdings in Icahn Enterprises by 10.5% during the second quarter. Western Wealth Management LLC now owns 38,514 shares of the conglomerate’s stock worth $635,000 after purchasing an additional 3,650 shares during the last quarter. Institutional investors and hedge funds own 87.09% of the company’s stock.

Icahn Enterprises Stock Down 0.8 %

Icahn Enterprises stock opened at $10.10 on Monday. The company has a fifty day simple moving average of $12.58 and a 200 day simple moving average of $14.36. 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 L.P. has a 1-year low of $9.72 and a 1-year high of $22.59. The company has a market cap of $5.09 billion, a P/E ratio of -9.27 and a beta of 0.75.

Icahn Enterprises Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Monday, November 18th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 19.80%. The ex-dividend date of this dividend is Monday, November 18th. Icahn Enterprises’s dividend payout ratio is currently -183.49%.

Icahn Enterprises 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.