Advisors Asset Management Inc. Buys 28,849 Shares of ICL Group Ltd (NYSE:ICL)

Advisors Asset Management Inc. boosted its holdings in ICL Group Ltd (NYSE:ICLGet Rating) by 78.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,495 shares of the basic materials company’s stock after purchasing an additional 28,849 shares during the quarter. Advisors Asset Management Inc.’s holdings in ICL Group were worth $595,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. SJS Investment Consulting Inc. bought a new position in ICL Group during the first quarter valued at about $30,000. EverSource Wealth Advisors LLC grew its position in ICL Group by 1,482.8% during the second quarter. EverSource Wealth Advisors LLC now owns 3,403 shares of the basic materials company’s stock valued at $31,000 after buying an additional 3,188 shares during the period. Advisor Group Holdings Inc. grew its position in ICL Group by 1,091.3% during the first quarter. Advisor Group Holdings Inc. now owns 3,002 shares of the basic materials company’s stock valued at $36,000 after buying an additional 2,750 shares during the period. Lindbrook Capital LLC grew its position in ICL Group by 26.4% during the second quarter. Lindbrook Capital LLC now owns 5,075 shares of the basic materials company’s stock valued at $46,000 after buying an additional 1,059 shares during the period. Finally, Total Clarity Wealth Management Inc. purchased a new stake in ICL Group during the second quarter valued at about $54,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ICL shares. StockNews.com started coverage on shares of ICL Group in a report on Wednesday, October 12th. They issued a “strong-buy” rating on the stock. Barclays reduced their price target on shares of ICL Group from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, BMO Capital Markets cut their target price on shares of ICL Group from $10.00 to $9.50 and set a “market perform” rating on the stock in a report on Thursday, November 10th. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to MarketBeat, ICL Group has a consensus rating of “Hold” and a consensus target price of $10.50.

ICL Group Trading Up 0.7 %

Shares of NYSE ICL opened at $8.17 on Friday. The business has a fifty day moving average price of $8.56 and a 200 day moving average price of $9.55. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.65 and a quick ratio of 1.01. ICL Group Ltd has a 1-year low of $8.01 and a 1-year high of $12.96. The stock has a market capitalization of $10.72 billion, a P/E ratio of 5.01, a price-to-earnings-growth ratio of 0.96 and a beta of 1.10.

ICL Group Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 14th. Investors of record on Wednesday, November 30th will be issued a dividend of $0.2435 per share. This represents a $0.97 annualized dividend and a yield of 11.92%. The ex-dividend date is Tuesday, November 29th. ICL Group’s dividend payout ratio (DPR) is 56.44%.

About ICL Group

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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 Innovative Ag Solutions (IAS). 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.

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Institutional Ownership by Quarter for ICL Group (NYSE:ICL)

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