Cresset Asset Management LLC Trims Holdings in ICL Group Ltd (NYSE:ICL)

Cresset Asset Management LLC lowered its position in ICL Group Ltd (NYSE:ICL - Free Report) by 51.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,681 shares of the basic materials company's stock after selling 78,496 shares during the quarter. Cresset Asset Management LLC's holdings in ICL Group were worth $364,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of ICL. Vanguard Group Inc. grew its holdings in shares of ICL Group by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 26,898,125 shares of the basic materials company's stock worth $132,850,000 after buying an additional 626,553 shares during the last quarter. Meitav Investment House Ltd. grew its stake in shares of ICL Group by 21.3% in the 4th quarter. Meitav Investment House Ltd. now owns 20,551,025 shares of the basic materials company's stock valued at $101,391,000 after purchasing an additional 3,606,357 shares during the last quarter. Y.D. More Investments Ltd increased its holdings in shares of ICL Group by 15.1% in the fourth quarter. Y.D. More Investments Ltd now owns 16,479,059 shares of the basic materials company's stock valued at $81,334,000 after purchasing an additional 2,161,715 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of ICL Group by 2.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 8,362,914 shares of the basic materials company's stock valued at $41,336,000 after purchasing an additional 219,101 shares during the period. Finally, Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD raised its stake in shares of ICL Group by 106.0% during the fourth quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 4,579,516 shares of the basic materials company's stock worth $22,584,000 after purchasing an additional 2,356,324 shares during the last quarter. 13.38% of the stock is owned by institutional investors and hedge funds.

ICL Group Price Performance

ICL stock traded down $0.14 during midday trading on Monday, hitting $6.60. 1,038,590 shares of the stock were exchanged, compared to its average volume of 809,086. The stock's 50-day moving average price is $6.27 and its 200-day moving average price is $5.64. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.91 and a current ratio of 1.56. The stock has a market cap of $8.67 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 7.10 and a beta of 1.15. ICL Group Ltd has a fifty-two week low of $3.79 and a fifty-two week high of $6.95.

ICL Group (NYSE:ICL - Get Free Report) last released its quarterly earnings data on Monday, May 19th. The basic materials company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.82 billion. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. Research analysts predict that ICL Group Ltd will post 0.37 earnings per share for the current year.

ICL Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Wednesday, March 12th were given a $0.0403 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This is a positive change from ICL Group's previous quarterly dividend of $0.01. This represents a $0.16 annualized dividend and a dividend yield of 2.44%. ICL Group's dividend payout ratio is currently 50.00%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ICL. Barclays boosted their price target on shares of ICL Group from $6.00 to $7.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 5th. BMO Capital Markets increased their target price on ICL Group from $6.00 to $6.50 and gave the stock a "market perform" rating in a research note on Thursday, February 27th. Finally, StockNews.com cut ICL Group from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 27th.

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.