Jane Street Group LLC Buys 160,600 Shares of ICL Group Ltd (NYSE:ICL)

Jane Street Group LLC increased its holdings in ICL Group Ltd (NYSE:ICL - Free Report) by 152.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 265,876 shares of the basic materials company's stock after buying an additional 160,600 shares during the quarter. Jane Street Group LLC's holdings in ICL Group were worth $1,316,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Lindbrook Capital LLC lifted its position in shares of 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 acquiring an additional 1,910 shares in the last quarter. GeoWealth Management LLC raised 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 valued at $37,000 after purchasing 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 purchasing an additional 7,405 shares in the last quarter. Savant Capital LLC bought a new position in ICL Group in the 4th quarter worth approximately $54,000. Finally, Wealthstream Advisors Inc. bought a new position in ICL Group in the 4th quarter worth approximately $57,000. 13.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. BMO Capital Markets boosted their target price on shares of ICL Group from $6.00 to $6.50 and gave the stock a "market perform" rating in a report on Thursday, February 27th. Wall Street Zen downgraded shares of ICL Group from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 27th. Finally, 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.

ICL Group Price Performance

Shares of ICL stock traded up $0.06 on Monday, reaching $6.40. The company's stock had a trading volume of 470,426 shares, compared to its average volume of 809,837. The stock's fifty day simple moving average is $6.31 and its 200-day simple moving average is $5.73. ICL Group Ltd has a 1 year low of $3.79 and a 1 year high of $6.95. The company has a market capitalization of $8.40 billion, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 7.10 and a beta of 1.15. The company has a current ratio of 1.56, a quick ratio of 0.91 and a debt-to-equity ratio of 0.30.

ICL Group (NYSE:ICL - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.82 billion. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. Analysts forecast that ICL Group Ltd will post 0.37 earnings per share for the current fiscal year.

ICL Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Wednesday, March 12th were paid a dividend of $0.0403 per share. This is a boost from ICL Group's previous quarterly dividend of $0.01. This represents a $0.16 annualized dividend and a yield of 2.52%. The ex-dividend date was Wednesday, March 12th. ICL Group's payout ratio is presently 51.61%.

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.