SVB Wealth LLC Invests $51,000 in ICL Group Ltd (NYSE:ICL)

SVB Wealth LLC acquired a new stake in shares of ICL Group Ltd (NYSE:ICL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 10,166 shares of the basic materials company’s stock, valued at approximately $51,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ronald Blue Trust Inc. increased its position in shares of ICL Group by 82.4% during the 3rd quarter. Ronald Blue Trust Inc. now owns 7,661 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 3,460 shares during the period. Blue Trust Inc. boosted its stake in ICL Group by 45.6% during the fourth quarter. Blue Trust Inc. now owns 11,156 shares of the basic materials company’s stock valued at $62,000 after buying an additional 3,495 shares in the last quarter. Belpointe Asset Management LLC acquired a new position in ICL Group during the third quarter worth about $63,000. Autumn Glory Partners LLC bought a new stake in ICL Group in the third quarter worth about $67,000. Finally, Capricorn Fund Managers Ltd acquired a new stake in ICL Group in the 4th quarter valued at about $68,000. Institutional investors own 13.38% of the company’s stock.

Analyst Upgrades and Downgrades

ICL has been the topic of a number of research reports. Barclays boosted their target price on shares of ICL Group from $4.00 to $4.50 and gave the stock an “underweight” rating in a report on Friday, March 1st. TheStreet lowered shares of ICL Group from a “b-” rating to a “c+” rating in a research report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $5.75.

ICL Group Trading Up 0.2 %

NYSE:ICL opened at $4.72 on Wednesday. The stock has a fifty day simple moving average of $5.08 and a 200 day simple moving average of $4.97. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 9.26, a price-to-earnings-growth ratio of 9.68 and a beta of 1.22. ICL Group Ltd has a 1-year low of $4.30 and a 1-year high of $6.73. The company has a quick ratio of 0.88, a current ratio of 1.53 and a debt-to-equity ratio of 0.30.

ICL Group (NYSE:ICL) last announced its earnings results on Wednesday, February 28th. The basic materials company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. ICL Group had a net margin of 8.65% and a return on equity of 12.04%. The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Sell-side analysts forecast that ICL Group Ltd will post 0.33 earnings per share for the current year.

ICL Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, March 14th were given a dividend of $0.0476 per share. This represents a $0.19 annualized dividend and a yield of 4.03%. This is a boost from ICL Group’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Wednesday, March 13th. ICL Group’s payout ratio is presently 37.26%.

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.