ICL Group Ltd (NYSE:ICL) Shares Purchased by Northern Trust Corp

Northern Trust Corp increased its position in shares of ICL Group Ltd (NYSE:ICL - Free Report) by 758.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 213,816 shares of the basic materials company's stock after purchasing an additional 188,906 shares during the quarter. Northern Trust Corp's holdings in ICL Group were worth $1,056,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lindbrook Capital LLC lifted its holdings 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 worth $26,000 after purchasing an additional 1,910 shares during the period. GeoWealth Management LLC lifted its holdings 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 acquiring an additional 6,575 shares during the period. Savant Capital LLC acquired a new position in ICL Group in the fourth quarter valued at approximately $54,000. Wealthstream Advisors Inc. acquired a new position in ICL Group in the fourth quarter valued at approximately $57,000. Finally, Seven Mile Advisory acquired a new position in ICL Group in the fourth quarter valued at approximately $59,000. Institutional investors and hedge funds own 13.38% of the company's stock.

ICL Group Price Performance

Shares of ICL stock traded up $0.05 during trading hours on Monday, hitting $6.68. 1,130,510 shares of the company's stock were exchanged, compared to its average volume of 815,040. The company has a quick ratio of 0.91, a current ratio of 1.56 and a debt-to-equity ratio of 0.30. The firm has a market cap of $8.77 billion, a P/E ratio of 21.53, a P/E/G ratio of 7.10 and a beta of 1.15. The firm has a 50 day moving average of $6.37 and a two-hundred day moving average of $5.80. 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 announced its earnings results on Monday, May 19th. The basic materials company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.82 billion. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. Sell-side analysts forecast 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 will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be paid a dividend of $0.0426 per share. This represents a $0.17 annualized dividend and a dividend yield of 2.55%. This is an increase from ICL Group's previous quarterly dividend of $0.04. The ex-dividend date is Wednesday, June 4th. ICL Group's dividend payout ratio is presently 51.61%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. BMO Capital Markets boosted their price target on ICL Group from $6.00 to $6.50 and gave the company a "market perform" rating in a report on Thursday, February 27th. Wall Street Zen downgraded 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 ICL Group from $6.00 to $7.00 and gave the company an "equal weight" rating in a report on Wednesday, March 5th.

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.