ICL Group Ltd. (NYSE:ICL) Shares Bought by US Bancorp DE

US Bancorp DE boosted its holdings in shares of ICL Group Ltd. (NYSE:ICL) by 10.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,554 shares of the basic materials company’s stock after buying an additional 5,747 shares during the period. US Bancorp DE’s holdings in ICL Group were worth $356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of ICL. Wellington Management Group LLP acquired a new position in shares of ICL Group in the fourth quarter valued at about $3,140,000. Nuveen Asset Management LLC increased its holdings in shares of ICL Group by 20.2% in the fourth quarter. Nuveen Asset Management LLC now owns 1,412,613 shares of the basic materials company’s stock valued at $6,978,000 after purchasing an additional 237,704 shares during the period. Northern Trust Corp increased its holdings in shares of ICL Group by 758.4% in the fourth quarter. Northern Trust Corp now owns 213,816 shares of the basic materials company’s stock valued at $1,056,000 after purchasing an additional 188,906 shares during the period. Quantinno Capital Management LP increased its holdings in shares of ICL Group by 258.6% in the fourth quarter. Quantinno Capital Management LP now owns 250,589 shares of the basic materials company’s stock valued at $1,238,000 after purchasing an additional 180,713 shares during the period. Finally, Yelin Lapidot Holdings Management Ltd. increased its holdings in shares of ICL Group by 46.8% in the first quarter. Yelin Lapidot Holdings Management Ltd. now owns 537,457 shares of the basic materials company’s stock valued at $3,058,000 after purchasing an additional 171,400 shares during the period. 13.38% of the stock is owned by institutional investors and hedge funds.

ICL Group Trading Up 2.5%

Shares of ICL opened at $6.08 on Thursday. ICL Group Ltd. has a 52 week low of $3.79 and a 52 week high of $7.35. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.05 and a current ratio of 1.75. The stock’s 50-day moving average price is $6.68 and its 200-day moving average price is $6.38.

ICL Group (NYSE:ICL) last issued its earnings results on Wednesday, August 6th. The basic materials company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. ICL Group had a return on equity of 7.51% and a net margin of 5.28%. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.82 billion. As a group, equities analysts predict that ICL Group Ltd. will post 0.37 EPS for the current year.

ICL Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were paid a $0.0426 dividend. The ex-dividend date was Wednesday, June 4th. This is a positive change from ICL Group’s previous quarterly dividend of $0.04. This represents a $0.17 dividend on an annualized basis and a dividend yield of 2.8%. ICL Group’s dividend payout ratio (DPR) is currently 44.83%.

Analyst Ratings Changes

Separately, Morgan Stanley increased their price objective on ICL Group from $5.80 to $6.20 and gave the company an “equal weight” rating in a report on Wednesday, July 2nd.

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.