ICL Group Ltd (NYSE:ICL) Shares Purchased by US Bancorp DE

US Bancorp DE grew its position in ICL Group Ltd (NYSE:ICL) by 83.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 56,807 shares of the basic materials company’s stock after acquiring an additional 25,916 shares during the quarter. US Bancorp DE’s holdings in ICL Group were worth $281,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Stifel Financial Corp raised its stake in shares of ICL Group by 65.0% during the third quarter. Stifel Financial Corp now owns 591,187 shares of the basic materials company’s stock worth $2,513,000 after purchasing an additional 232,842 shares during the last quarter. Meitav Investment House Ltd. boosted its stake in shares of ICL Group by 21.3% during the fourth quarter. Meitav Investment House Ltd. now owns 20,551,025 shares of the basic materials company’s stock valued at $101,391,000 after acquiring an additional 3,606,357 shares during the last quarter. Townsquare Capital LLC acquired a new stake in shares of ICL Group during the third quarter valued at $56,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of ICL Group by 9.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,335,527 shares of the basic materials company’s stock valued at $5,676,000 after acquiring an additional 120,169 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in ICL Group in the 3rd quarter worth about $126,000. 13.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ICL. Barclays raised their price objective on ICL Group from $6.00 to $7.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 5th. BMO Capital Markets lifted their price objective on ICL Group from $6.00 to $6.50 and gave the stock a “market perform” rating in a report on Thursday, February 27th. Finally, StockNews.com lowered ICL Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 27th.

ICL Group Trading Up 2.0 %

NYSE:ICL opened at $6.25 on Friday. ICL Group Ltd has a 12-month low of $3.79 and a 12-month high of $6.57. The firm has a market capitalization of $8.20 billion, a P/E ratio of 20.15, a P/E/G ratio of 7.10 and a beta of 1.21. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 0.91. The business has a 50 day simple moving average of $5.90 and a 200 day simple moving average of $4.93.

ICL Group (NYSE:ICL) last announced its earnings results on Wednesday, February 26th. The basic materials company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.65 billion. Equities research analysts predict that ICL Group Ltd will post 0.37 EPS for the current year.

ICL Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Wednesday, March 12th will be paid a $0.0403 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Wednesday, March 12th. This is an increase from ICL Group’s previous quarterly dividend of $0.01. ICL Group’s payout ratio is currently 50.00%.

ICL Group Company Profile

ICL Group Ltd, together with its subsidiaries, operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Growing Solutions. The Industrial Products segment produces bromine out of a solution that is a by-product of the potash production process, as well as bromine-based compounds; produces various grades of potash, salt, magnesium chloride, and magnesia products; and produces and markets phosphorous-based flame retardants and other phosphorus-based products.