SVB Wealth LLC Increases Stake in ICL Group Ltd (NYSE:ICL)

SVB Wealth LLC lifted its stake in shares of ICL Group Ltd (NYSE:ICL) by 66.0% in the first quarter, HoldingsChannel reports. The fund owned 16,875 shares of the basic materials company’s stock after acquiring an additional 6,709 shares during the period. SVB Wealth LLC’s holdings in ICL Group were worth $91,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of ICL Group by 1.5% in the third quarter. Vanguard Group Inc. now owns 24,474,776 shares of the basic materials company’s stock worth $135,835,000 after purchasing an additional 373,097 shares during the period. Assenagon Asset Management S.A. purchased a new stake in ICL Group in the 4th quarter worth $2,565,000. Blue Trust Inc. raised its holdings 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 acquiring an additional 3,495 shares during the period. Drive Wealth Management LLC lifted its position in shares of ICL Group by 23.1% in the fourth quarter. Drive Wealth Management LLC now owns 17,686 shares of the basic materials company’s stock valued at $89,000 after acquiring an additional 3,317 shares in the last quarter. Finally, Autumn Glory Partners LLC boosted its stake in shares of ICL Group by 33.3% in the fourth quarter. Autumn Glory Partners LLC now owns 16,000 shares of the basic materials company’s stock worth $80,000 after acquiring an additional 4,000 shares during the period. 13.38% of the stock is owned by hedge funds and other institutional investors.

ICL Group Stock Down 1.2 %

Shares of ICL opened at $4.21 on Thursday. The business’s 50 day moving average is $4.50 and its 200 day moving average is $4.75. The company has a current ratio of 1.60, a quick ratio of 0.93 and a debt-to-equity ratio of 0.31. ICL Group Ltd has a 12-month low of $4.13 and a 12-month high of $6.72. The company has a market capitalization of $5.53 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 6.18 and a beta of 1.25.

ICL Group (NYSE:ICL) last announced its quarterly earnings data on Thursday, May 9th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. ICL Group had a net margin of 6.68% and a return on equity of 9.05%. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period last year, the firm posted $0.23 EPS. Research analysts expect that ICL Group Ltd will post 0.33 earnings per share for the current fiscal year.

ICL Group Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th were paid a $0.0457 dividend. This represents a $0.18 annualized dividend and a yield of 4.35%. The ex-dividend date of this dividend was Thursday, June 6th. ICL Group’s payout ratio is currently 48.65%.

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.