ICL Group Ltd (NYSE:ICL) Shares Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC increased its position in shares of ICL Group Ltd (NYSE:ICL - Free Report) by 83.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 102,025 shares of the basic materials company's stock after buying an additional 46,481 shares during the quarter. Lazard Asset Management LLC's holdings in ICL Group were worth $504,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Lindbrook Capital LLC raised its position in ICL Group by 56.8% in 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 raised its position in ICL Group by 754.0% in the fourth quarter. GeoWealth Management LLC now owns 7,447 shares of the basic materials company's stock valued at $37,000 after purchasing an additional 6,575 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in 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 valued at $53,000 after purchasing an additional 7,405 shares during the period. Savant Capital LLC purchased a new stake in ICL Group in the fourth quarter valued at approximately $54,000. Finally, Wealthstream Advisors Inc. purchased a new stake in ICL Group in the fourth quarter valued at approximately $57,000. Hedge funds and other institutional investors own 13.38% of the company's stock.

ICL Group Stock Up 0.9%

Shares of ICL Group stock traded up $0.06 during trading hours on Tuesday, reaching $6.44. 793,049 shares of the company were exchanged, compared to its average volume of 809,770. ICL Group Ltd has a 1 year low of $3.79 and a 1 year high of $6.95. The stock's fifty day moving average is $6.32 and its 200 day moving average is $5.74. 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 firm has a market cap of $8.46 billion, a PE ratio of 20.77, a PEG ratio of 7.10 and a beta of 1.15.

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 analysts' consensus estimates of $0.07 by $0.02. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.82 billion. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. As a group, equities research analysts forecast that ICL Group Ltd will post 0.37 earnings per share for the current year.

ICL Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Wednesday, March 12th were paid a dividend of $0.0403 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.50%. This is an increase from ICL Group's previous quarterly dividend of $0.01. ICL Group's payout ratio is presently 51.61%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ICL shares. Wall Street Zen lowered ICL Group from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 27th. Barclays upped their price objective on ICL Group from $6.00 to $7.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 5th. Finally, BMO Capital Markets upped their price objective 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.

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.