10,166 Shares in ICL Group Ltd (NYSE:ICL) Purchased by SVB Wealth LLC

SVB Wealth LLC bought a new stake in shares of ICL Group Ltd (NYSE:ICL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,166 shares of the basic materials company’s stock, valued at approximately $51,000.

Several other large investors have also modified their holdings of ICL. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in ICL Group by 23.8% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,038,764 shares of the basic materials company’s stock valued at $5,204,000 after acquiring an additional 200,000 shares during the period. Janiczek Wealth Management LLC boosted its stake in shares of ICL Group by 22.5% during the fourth quarter. Janiczek Wealth Management LLC now owns 34,409 shares of the basic materials company’s stock valued at $172,000 after purchasing an additional 6,312 shares during the period. Cerity Partners LLC grew its holdings in shares of ICL Group by 121.1% in the fourth quarter. Cerity Partners LLC now owns 52,243 shares of the basic materials company’s stock worth $262,000 after purchasing an additional 28,612 shares during the last quarter. Autumn Glory Partners LLC increased its stake in ICL Group by 33.3% in the 4th quarter. Autumn Glory Partners LLC now owns 16,000 shares of the basic materials company’s stock worth $80,000 after buying an additional 4,000 shares during the period. Finally, Drive Wealth Management LLC increased its stake in ICL Group by 23.1% in the 4th quarter. Drive Wealth Management LLC now owns 17,686 shares of the basic materials company’s stock worth $89,000 after buying an additional 3,317 shares during the period. Hedge funds and other institutional investors own 13.38% of the company’s stock.

Wall Street Analyst Weigh In

ICL has been the topic of a number of research analyst reports. TheStreet downgraded shares of ICL Group from a “b-” rating to a “c+” rating in a research note on Tuesday, January 2nd. Barclays increased their price objective on ICL Group from $4.00 to $4.50 and gave the stock an “underweight” rating in a research note on Friday, March 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $5.75.

ICL Group Stock Up 0.2 %

Shares of ICL Group stock opened at $4.72 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.53 and a quick ratio of 0.88. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of 9.26, a PEG ratio of 9.68 and a beta of 1.22. The firm’s 50-day moving average is $5.08 and its two-hundred day moving average is $4.97. ICL Group Ltd has a 1 year low of $4.30 and a 1 year high of $6.73.

ICL Group (NYSE:ICL) last announced its quarterly earnings results on Wednesday, February 28th. The basic materials company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.68 billion. ICL Group had a net margin of 8.65% and a return on equity of 12.04%. As a group, research analysts expect that ICL Group Ltd will post 0.33 earnings per share for the current fiscal year.

ICL Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, March 14th were given a dividend of $0.0476 per share. This represents a $0.19 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend was Wednesday, March 13th. This is a boost from ICL Group’s previous quarterly dividend of $0.04. ICL Group’s dividend payout ratio (DPR) is 37.26%.

ICL Group 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.