JPMorgan Chase & Co. Has $9.39 Million Holdings in ICL Group Ltd (NYSE:ICL)

JPMorgan Chase & Co. increased its position in shares of ICL Group Ltd (NYSE:ICL) by 24.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,900,381 shares of the basic materials company’s stock after buying an additional 373,407 shares during the quarter. JPMorgan Chase & Co. owned 0.14% of ICL Group worth $9,388,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ICL. Vanguard Group Inc. lifted its position in shares of ICL Group by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 26,898,125 shares of the basic materials company’s stock worth $132,850,000 after buying an additional 626,553 shares during the period. Meitav Investment House Ltd. increased its position in ICL Group by 21.3% in the fourth quarter. Meitav Investment House Ltd. now owns 20,551,025 shares of the basic materials company’s stock worth $101,391,000 after purchasing an additional 3,606,357 shares during the period. Y.D. More Investments Ltd raised its holdings in ICL Group by 15.1% during the 4th quarter. Y.D. More Investments Ltd now owns 16,479,059 shares of the basic materials company’s stock worth $81,334,000 after purchasing an additional 2,161,715 shares during the last quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD lifted its position in ICL Group by 106.0% during the 4th quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 4,579,516 shares of the basic materials company’s stock valued at $22,584,000 after purchasing an additional 2,356,324 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its position in ICL Group by 10.2% during the 4th quarter. Crossmark Global Holdings Inc. now owns 1,733,773 shares of the basic materials company’s stock valued at $8,564,000 after purchasing an additional 159,910 shares during the period. 13.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of ICL Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 27th. BMO Capital Markets raised their price objective on ICL Group from $6.00 to $6.50 and gave the stock a “market perform” rating in a research note on Thursday, February 27th. Finally, Barclays increased their price objective on shares of ICL Group from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 5th.

ICL Group Price Performance

NYSE ICL opened at $6.33 on Tuesday. The company has a market capitalization of $8.32 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 7.10 and a beta of 1.18. ICL Group Ltd has a 12-month low of $3.79 and a 12-month high of $6.57. The firm’s 50 day moving average is $5.97 and its 200-day moving average is $5.21. The company has a quick ratio of 0.91, a current ratio of 1.56 and a debt-to-equity ratio of 0.30.

ICL Group (NYSE:ICL) last released its earnings results on Wednesday, February 26th. The basic materials company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.65 billion. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. Equities research analysts anticipate that ICL Group Ltd will post 0.37 earnings per share for the current fiscal year.

ICL Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Wednesday, March 12th were paid a $0.0403 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.16 dividend on an annualized basis and a yield of 2.55%. This is a positive change from ICL Group’s previous quarterly dividend of $0.01. ICL Group’s dividend payout ratio is 50.00%.

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.