Charles Schwab Investment Management Inc. Raises Position in ICL Group Ltd (NYSE:ICL)

Charles Schwab Investment Management Inc. increased its stake in shares of ICL Group Ltd (NYSE:ICL) by 85.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 145,072 shares of the basic materials company’s stock after acquiring an additional 66,933 shares during the period. Charles Schwab Investment Management Inc.’s holdings in ICL Group were worth $717,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB increased its stake in ICL Group by 223.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 10,715 shares of the basic materials company’s stock worth $53,000 after buying an additional 7,405 shares during the period. Savant Capital LLC acquired a new stake in shares of ICL Group during the fourth quarter valued at about $54,000. Quantbot Technologies LP increased its position in shares of ICL Group by 35.6% during 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 last quarter. Wealthstream Advisors Inc. acquired a new position in shares of ICL Group in the fourth quarter worth about $57,000. Finally, Townsquare Capital LLC purchased a new position in ICL Group in the third quarter valued at about $56,000. Hedge funds and other institutional investors own 13.38% of the company’s stock.

ICL Group Trading Down 0.1 %

Shares of NYSE ICL opened at $5.69 on Tuesday. 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’s 50 day moving average price is $5.99 and its two-hundred day moving average price is $5.06. ICL Group Ltd has a 52-week low of $3.79 and a 52-week high of $6.57. The stock has a market capitalization of $7.47 billion, a P/E ratio of 18.34, a PEG ratio of 7.10 and a beta of 1.21.

ICL Group (NYSE:ICL) last posted its quarterly earnings results 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 business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.65 billion. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. On average, analysts anticipate that ICL Group Ltd will post 0.37 earnings per share for the current fiscal year.

ICL Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Wednesday, March 12th were given a $0.0403 dividend. 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 2.84%. The ex-dividend date of this dividend was Wednesday, March 12th. ICL Group’s dividend payout ratio (DPR) is presently 50.00%.

Wall Street Analyst Weigh In

Several research firms have issued reports on ICL. Barclays lifted 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. StockNews.com lowered 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 upped 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.

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.