Anfield Capital Management LLC Has $46,000 Position in Icahn Enterprises L.P. (NASDAQ:IEP)

Anfield Capital Management LLC cut its stake in Icahn Enterprises L.P. (NASDAQ:IEP) by 52.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,313 shares of the conglomerate’s stock after selling 5,904 shares during the period. Anfield Capital Management LLC’s holdings in Icahn Enterprises were worth $46,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in Icahn Enterprises during the third quarter worth about $30,000. Planning Capital Management Corp acquired a new stake in shares of Icahn Enterprises during the 3rd quarter worth approximately $34,000. Global Retirement Partners LLC increased its stake in Icahn Enterprises by 18.1% in the fourth quarter. Global Retirement Partners LLC now owns 7,122 shares of the conglomerate’s stock valued at $62,000 after acquiring an additional 1,089 shares during the last quarter. Barclays PLC raised its position in Icahn Enterprises by 24.3% during the third quarter. Barclays PLC now owns 7,307 shares of the conglomerate’s stock valued at $100,000 after purchasing an additional 1,427 shares in the last quarter. Finally, Littlejohn Financial Services Inc. bought a new stake in Icahn Enterprises during the fourth quarter worth $121,000. 87.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Icahn Enterprises Stock Up 0.2 %

IEP stock opened at $10.09 on Friday. The firm has a 50-day moving average price of $9.58 and a 200-day moving average price of $11.73. Icahn Enterprises L.P. has a 12 month low of $8.53 and a 12 month high of $20.25. The company has a current ratio of 4.61, a quick ratio of 4.61 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $5.09 billion, a P/E ratio of -9.26 and a beta of 0.81.

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

Icahn Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 19.82%. The ex-dividend date of this dividend is Monday, March 10th. Icahn Enterprises’s payout ratio is -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.