Corient Private Wealth LLC Buys 10,942 Shares of ICL Group Ltd (NYSE:ICL)

Corient Private Wealth LLC raised its stake in ICL Group Ltd (NYSE:ICL) by 15.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 79,698 shares of the basic materials company’s stock after purchasing an additional 10,942 shares during the quarter. Corient Private Wealth LLC’s holdings in ICL Group were worth $394,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Stifel Financial Corp increased its holdings in ICL Group by 65.0% during the 3rd quarter. Stifel Financial Corp now owns 591,187 shares of the basic materials company’s stock valued at $2,513,000 after purchasing an additional 232,842 shares during the period. Meitav Investment House Ltd. grew its position in shares of ICL Group by 21.3% in the 4th quarter. Meitav Investment House Ltd. now owns 20,551,025 shares of the basic materials company’s stock worth $101,391,000 after buying an additional 3,606,357 shares during the last quarter. Townsquare Capital LLC bought a new stake in shares of ICL Group in the 3rd quarter worth approximately $56,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 buying an additional 120,169 shares during the period. Finally, XTX Topco Ltd bought a new position in shares of ICL Group during the third quarter valued at approximately $126,000. Hedge funds and other institutional investors own 13.38% of the company’s stock.

ICL Group Price Performance

Shares of ICL stock opened at $5.69 on Monday. The business’s fifty day moving average is $5.99 and its 200 day moving average is $5.05. The company has a quick ratio of 0.91, a current ratio of 1.56 and a debt-to-equity ratio of 0.30. The stock has a market cap of $7.48 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 7.10 and a beta of 1.21. ICL Group Ltd has a twelve month low of $3.79 and a twelve month high of $6.57.

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

ICL Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Wednesday, March 12th were paid a dividend of $0.0403 per share. This is an increase from ICL Group’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.83%. ICL Group’s dividend payout ratio (DPR) is currently 50.00%.

Analyst Ratings Changes

Several analysts recently weighed in on ICL shares. BMO Capital Markets lifted their price target on shares of ICL Group from $6.00 to $6.50 and gave the company a “market perform” rating in a report on Thursday, February 27th. Barclays boosted their price target on shares of ICL Group from $6.00 to $7.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 5th. Finally, StockNews.com lowered shares of ICL Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 27th.

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.