Blue Trust Inc. Has $299,000 Stake in ICL Group Ltd (NYSE:ICL)

Blue Trust Inc. grew its holdings in shares of ICL Group Ltd (NYSE:ICL) by 49.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,588 shares of the basic materials company’s stock after acquiring an additional 19,971 shares during the period. Blue Trust Inc.’s holdings in ICL Group were worth $299,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ICL. Crossmark Global Holdings Inc. bought a new stake in shares of ICL Group in the 3rd quarter worth approximately $6,689,000. Stifel Financial Corp raised its stake in ICL Group by 65.0% in the third quarter. Stifel Financial Corp now owns 591,187 shares of the basic materials company’s stock worth $2,513,000 after buying an additional 232,842 shares in the last quarter. Townsquare Capital LLC bought a new position in ICL Group in the third quarter worth about $56,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings 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 last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of ICL Group during the third quarter valued at approximately $11,967,000. Institutional investors own 13.38% of the company’s stock.

ICL Group Trading Down 0.4 %

ICL stock opened at $5.90 on Monday. ICL Group Ltd has a 12-month low of $3.79 and a 12-month high of $6.18. The stock has a market cap of $7.75 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 6.73 and a beta of 1.22. The business’s 50-day moving average is $5.20 and its 200 day moving average is $4.56. The company has a current ratio of 1.56, a quick ratio of 0.91 and a debt-to-equity ratio of 0.30.

ICL Group (NYSE:ICL) last issued its quarterly earnings data on Monday, November 11th. The basic materials company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the previous year, the firm posted $0.11 earnings per share. On average, sell-side analysts anticipate that ICL Group Ltd will post 0.37 EPS for the current fiscal year.

ICL Group Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were paid a dividend of $0.0133 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $0.05 annualized dividend and a dividend yield of 0.90%. ICL Group’s dividend payout ratio (DPR) is 45.16%.

Analysts Set New Price Targets

Several analysts have recently commented on ICL shares. StockNews.com upgraded shares of ICL Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Barclays raised shares of ICL Group from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $4.00 to $6.00 in a research report on Tuesday, January 21st.

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.