Amundi Sells 2,449,213 Shares of ICL Group Ltd. $ICL

Amundi decreased its holdings in ICL Group Ltd. (NYSE:ICL) by 77.6% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 708,692 shares of the basic materials company’s stock after selling 2,449,213 shares during the period. Amundi owned approximately 0.05% of ICL Group worth $4,025,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. purchased a new stake in ICL Group during the 1st quarter valued at $163,000. Quantbot Technologies LP purchased a new stake in ICL Group during the 1st quarter valued at $117,000. Sequoia Financial Advisors LLC boosted its position in ICL Group by 8.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 52,254 shares of the basic materials company’s stock valued at $294,000 after buying an additional 4,241 shares during the period. Northern Trust Corp boosted its position in ICL Group by 758.4% during the 4th quarter. Northern Trust Corp now owns 213,816 shares of the basic materials company’s stock valued at $1,056,000 after buying an additional 188,906 shares during the period. Finally, Cerity Partners LLC boosted its position in ICL Group by 135.4% during the 1st quarter. Cerity Partners LLC now owns 196,246 shares of the basic materials company’s stock valued at $1,109,000 after buying an additional 112,865 shares during the period. Hedge funds and other institutional investors own 13.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley raised their target price on shares of ICL Group from $5.80 to $6.20 and gave the stock an “equal weight” rating in a research report on Wednesday, July 2nd. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $6.57.

ICL Group Stock Up 2.4%

NYSE:ICL opened at $6.25 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.05 and a current ratio of 1.75. ICL Group Ltd. has a fifty-two week low of $3.79 and a fifty-two week high of $7.35. The firm has a 50-day simple moving average of $6.50 and a two-hundred day simple moving average of $6.42.

ICL Group (NYSE:ICL) last announced its quarterly 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. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.82 billion. ICL Group had a net margin of 5.28% and a return on equity of 7.51%. On average, analysts forecast that ICL Group Ltd. will post 0.37 EPS for the current fiscal year.

ICL Group Announces Dividend

The business also recently announced a — dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be issued a $0.0426 dividend. This represents a dividend yield of 290.0%. The ex-dividend date of this dividend is Wednesday, September 3rd. ICL Group’s payout ratio is 58.62%.

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.