ICL Group Ltd (NYSE:ICL) Stake Boosted by Deutsche Bank AG

Deutsche Bank AG lifted its stake in ICL Group Ltd (NYSE:ICL - Free Report) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,273,425 shares of the basic materials company's stock after buying an additional 50,826 shares during the period. Deutsche Bank AG owned approximately 0.10% of ICL Group worth $6,291,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ICL. Lindbrook Capital LLC raised its stake in shares of ICL Group by 56.8% during the fourth 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 period. GeoWealth Management LLC increased its stake in ICL Group by 754.0% during the 4th quarter. GeoWealth Management LLC now owns 7,447 shares of the basic materials company's stock worth $37,000 after buying an additional 6,575 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in ICL Group by 223.7% in the 4th 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 in the last quarter. Savant Capital LLC acquired a new position in ICL Group in the 4th quarter worth $54,000. Finally, Wealthstream Advisors Inc. purchased a new position in ICL Group in the 4th quarter valued at about $57,000. Institutional investors and hedge funds own 13.38% of the company's stock.

ICL Group Stock Down 1.6%

NYSE:ICL traded down $0.11 during mid-day trading on Wednesday, reaching $6.47. The stock had a trading volume of 889,147 shares, compared to its average volume of 809,181. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 0.91. The company has a market capitalization of $8.49 billion, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 7.10 and a beta of 1.15. ICL Group Ltd has a 1-year low of $3.79 and a 1-year high of $6.95. The stock's 50 day simple moving average is $6.29 and its two-hundred day simple moving average is $5.66.

ICL Group (NYSE:ICL - Get Free Report) last issued its earnings results 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 company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.82 billion. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. Equities analysts anticipate 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 issued a dividend of $0.0403 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.49%. This is a boost from ICL Group's previous quarterly dividend of $0.01. The ex-dividend date was Wednesday, March 12th. ICL Group's dividend payout ratio is 50.00%.

Wall Street Analyst Weigh In

Several research firms recently commented on ICL. BMO Capital Markets boosted their price target 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. Barclays lifted their price objective 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 cut ICL Group from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 27th.

About ICL Group

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.