Creative Planning Has $529,000 Stock Holdings in ICL Group Ltd (NYSE:ICL)

Creative Planning lifted its holdings in shares of ICL Group Ltd (NYSE:ICL) by 46.8% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 123,640 shares of the basic materials company’s stock after buying an additional 39,410 shares during the period. Creative Planning’s holdings in ICL Group were worth $529,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. DekaBank Deutsche Girozentrale grew its position in shares of ICL Group by 8.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 34,054 shares of the basic materials company’s stock valued at $180,000 after buying an additional 2,542 shares during the last quarter. Inspire Investing LLC grew its holdings in shares of ICL Group by 23.6% in the first quarter. Inspire Investing LLC now owns 21,774 shares of the basic materials company’s stock valued at $117,000 after acquiring an additional 4,162 shares in the last quarter. Optas LLC grew its holdings in shares of ICL Group by 18.1% in the second quarter. Optas LLC now owns 28,782 shares of the basic materials company’s stock valued at $123,000 after acquiring an additional 4,410 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in ICL Group by 3.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 206,148 shares of the basic materials company’s stock valued at $893,000 after purchasing an additional 6,148 shares during the period. Finally, Cadence Wealth Management LLC grew its position in shares of ICL Group by 12.2% in the second quarter. Cadence Wealth Management LLC now owns 57,531 shares of the basic materials company’s stock valued at $246,000 after purchasing an additional 6,274 shares in the last quarter. Institutional investors and hedge funds own 13.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. StockNews.com lowered ICL Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 30th. Barclays lowered their target price on ICL Group from $4.50 to $4.00 and set an “underweight” rating for the company in a research note on Friday, August 16th.

ICL Group Stock Down 2.9 %

Shares of NYSE:ICL opened at $4.31 on Wednesday. ICL Group Ltd has a 1 year low of $3.79 and a 1 year high of $5.54. The company has a market cap of $5.66 billion, a PE ratio of 13.06, a P/E/G ratio of 5.84 and a beta of 1.23. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.62 and a quick ratio of 0.94. The stock’s 50-day moving average is $4.14 and its 200 day moving average is $4.36.

ICL Group (NYSE:ICL) last posted its earnings results on Wednesday, August 14th. The basic materials company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.73 billion. ICL Group had a return on equity of 8.41% and a net margin of 6.08%. During the same quarter in the prior year, the business earned $0.13 EPS. Sell-side analysts anticipate that ICL Group Ltd will post 0.34 EPS for the current year.

ICL Group Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were paid a $0.037 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $0.15 annualized dividend and a dividend yield of 3.43%. ICL Group’s payout ratio is currently 45.46%.

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.