Ameriprise Financial Inc. Has $41.62 Million Stake in ICF International, Inc. (NASDAQ:ICFI)

Ameriprise Financial Inc. trimmed its holdings in shares of ICF International, Inc. (NASDAQ:ICFI - Free Report) by 10.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 349,117 shares of the business services provider's stock after selling 40,090 shares during the period. Ameriprise Financial Inc. owned 1.86% of ICF International worth $41,618,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Tudor Investment Corp ET AL lifted its position in shares of ICF International by 5,171.3% during the fourth quarter. Tudor Investment Corp ET AL now owns 73,904 shares of the business services provider's stock worth $8,810,000 after purchasing an additional 72,502 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of ICF International by 5.8% during the fourth quarter. MetLife Investment Management LLC now owns 11,395 shares of the business services provider's stock worth $1,358,000 after purchasing an additional 626 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of ICF International in the 4th quarter valued at $149,000. Marshall Wace LLP increased its stake in shares of ICF International by 2,331.0% in the 4th quarter. Marshall Wace LLP now owns 65,176 shares of the business services provider's stock valued at $7,770,000 after buying an additional 62,495 shares during the period. Finally, Jump Financial LLC increased its stake in shares of ICF International by 107.1% in the 4th quarter. Jump Financial LLC now owns 18,843 shares of the business services provider's stock valued at $2,246,000 after buying an additional 9,743 shares during the period. 94.12% of the stock is owned by institutional investors and hedge funds.

ICF International Stock Down 0.8%

NASDAQ:ICFI opened at $86.76 on Monday. ICF International, Inc. has a 12-month low of $75.91 and a 12-month high of $179.67. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $1.60 billion, a P/E ratio of 15.25 and a beta of 0.48. The stock's fifty day simple moving average is $84.41 and its 200-day simple moving average is $112.87.

ICF International (NASDAQ:ICFI - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The business services provider reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.20. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The business had revenue of $487.62 million for the quarter, compared to analyst estimates of $487.28 million. During the same period last year, the company earned $1.77 EPS. The firm's revenue was down 1.4% on a year-over-year basis. Equities research analysts expect that ICF International, Inc. will post 7.44 earnings per share for the current year.

ICF International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.56 annualized dividend and a yield of 0.65%. ICF International's dividend payout ratio is presently 9.61%.

Wall Street Analysts Forecast Growth

ICFI has been the subject of several research reports. StockNews.com cut ICF International from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Barrington Research lowered their target price on ICF International from $174.00 to $102.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. Truist Financial lowered their target price on ICF International from $97.00 to $85.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Finally, Canaccord Genuity Group lowered their target price on ICF International from $100.00 to $90.00 and set a "hold" rating for the company in a research note on Thursday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $127.20.

ICF International Profile

ICF International, Inc provides management, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. The company researches critical policy, industry, stakeholder issues, trends, and behaviors; measures and evaluates results and their impact; and provides strategic planning and advisory services to its clients on how to navigate societal, business, market, business, communication, and technology challenges.

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