11,854 Shares in ICL Group Ltd (NYSE:ICL) Bought by Seven Mile Advisory

Seven Mile Advisory purchased a new stake in ICL Group Ltd (NYSE:ICL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 11,854 shares of the basic materials company’s stock, valued at approximately $59,000.

Other institutional investors have also added to or reduced their stakes in the company. Lindbrook Capital LLC raised its position in shares of ICL Group by 56.8% in the 4th quarter. Lindbrook Capital LLC now owns 5,273 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 1,910 shares during the last quarter. Quantbot Technologies LP raised its holdings in shares of ICL Group by 35.6% in the third quarter. Quantbot Technologies LP now owns 11,380 shares of the basic materials company’s stock worth $48,000 after buying an additional 2,985 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of ICL Group by 223.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 10,715 shares of the basic materials company’s stock worth $53,000 after buying an additional 7,405 shares during the last quarter. Savant Capital LLC acquired a new stake in shares of ICL Group during the fourth quarter worth $54,000. Finally, Townsquare Capital LLC purchased a new stake in shares of ICL Group during the third quarter valued at $56,000. Institutional investors and hedge funds own 13.38% of the company’s stock.

Analyst Ratings Changes

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

ICL Group Price Performance

NYSE:ICL opened at $5.69 on Monday. The firm’s fifty day moving average is $5.99 and its two-hundred day moving average is $5.05. The firm has a market cap of $7.48 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 7.10 and a beta of 1.21. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.91 and a current ratio of 1.56. ICL Group Ltd has a one year low of $3.79 and a one year high of $6.57.

ICL Group (NYSE:ICL) last posted its earnings results on Wednesday, February 26th. The basic materials company reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.65 billion. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. Research analysts expect that ICL Group Ltd will post 0.37 EPS for the current year.

ICL Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Wednesday, March 12th were paid a dividend of $0.0403 per share. This represents a $0.16 annualized dividend and a yield of 2.83%. The ex-dividend date was Wednesday, March 12th. This is a boost from ICL Group’s previous quarterly dividend of $0.01. ICL Group’s 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.