US Bancorp DE Raises Stake in ICL Group Ltd (NYSE:ICL)

US Bancorp DE grew its stake in shares of ICL Group Ltd (NYSE:ICL) by 83.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,807 shares of the basic materials company’s stock after buying an additional 25,916 shares during the period. US Bancorp DE’s holdings in ICL Group were worth $281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Claro Advisors LLC increased its position in ICL Group by 18.4% during the fourth quarter. Claro Advisors LLC now owns 18,458 shares of the basic materials company’s stock valued at $91,000 after acquiring an additional 2,872 shares during the last quarter. Quantbot Technologies LP lifted its stake in ICL Group by 35.6% in the third quarter. Quantbot Technologies LP now owns 11,380 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 2,985 shares during the period. Glenmede Trust Co. NA lifted its position in shares of ICL Group by 40.5% during the third quarter. Glenmede Trust Co. NA now owns 14,368 shares of the basic materials company’s stock valued at $61,000 after buying an additional 4,140 shares during the last quarter. Optas LLC lifted its position in shares of ICL Group by 26.0% during the fourth quarter. Optas LLC now owns 29,210 shares of the basic materials company’s stock valued at $144,000 after buying an additional 6,022 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of ICL Group by 223.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 10,715 shares of the basic materials company’s stock valued at $53,000 after acquiring an additional 7,405 shares in the last quarter. Institutional investors own 13.38% of the company’s stock.

Analysts Set New Price Targets

ICL has been the topic of several research reports. Barclays increased their price target on shares of ICL Group from $6.00 to $7.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 5th. StockNews.com cut shares of ICL Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 27th. Finally, BMO Capital Markets lifted their target price on shares of ICL Group from $6.00 to $6.50 and gave the stock a “market perform” rating in a research note on Thursday, February 27th.

ICL Group Stock Up 2.0 %

NYSE ICL opened at $6.25 on Friday. ICL Group Ltd has a 52 week low of $3.79 and a 52 week high of $6.57. 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 business’s fifty day simple moving average is $5.90 and its 200-day simple moving average is $4.93. The firm has a market cap of $8.20 billion, a PE ratio of 20.15, a P/E/G ratio of 7.10 and a beta of 1.21.

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

ICL Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.0403 per share. 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. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.58%. ICL Group’s payout ratio is currently 50.00%.

About ICL Group

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.