Northern Trust Corp Has $1.06 Million Stock Holdings in ICL Group Ltd (NYSE:ICL)

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

A number of other large investors have also modified their holdings of the company. Lindbrook Capital LLC boosted its holdings in 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 in the last quarter. Voya Investment Management LLC lifted its position in shares of ICL Group by 2.2% during the 4th quarter. Voya Investment Management LLC now owns 131,878 shares of the basic materials company's stock worth $651,000 after buying an additional 2,876 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in ICL Group by 2.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 236,244 shares of the basic materials company's stock valued at $1,167,000 after buying an additional 5,787 shares in the last quarter. Optas LLC grew its position in ICL Group by 26.0% in the fourth quarter. Optas LLC now owns 29,210 shares of the basic materials company's stock valued at $144,000 after acquiring an additional 6,022 shares during the period. Finally, GeoWealth Management LLC lifted its holdings in shares of ICL Group by 754.0% during 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. 13.38% of the stock is currently owned by institutional investors and hedge funds.

ICL Group Price Performance

Shares of ICL Group stock traded up $0.01 during trading on Friday, reaching $6.63. The company's stock had a trading volume of 581,417 shares, compared to its average volume of 812,297. The stock has a 50-day moving average price of $6.35 and a two-hundred day moving average price of $5.76. The stock has a market capitalization of $8.70 billion, a P/E ratio of 21.37, 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 Ltd has a one year low of $3.79 and a one year high of $6.95.

ICL Group (NYSE:ICL - Get Free Report) last posted its quarterly earnings data on Monday, May 19th. The basic materials company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. The firm had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.82 billion. As a group, sell-side analysts anticipate that ICL Group Ltd will post 0.37 EPS for the current fiscal year.

ICL Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be issued a $0.0426 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 2.57%. This is a positive change from ICL Group's previous quarterly dividend of $0.04. ICL Group's dividend payout ratio (DPR) is currently 51.61%.

Wall Street Analyst Weigh In

ICL has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of 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 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. Finally, BMO Capital Markets raised their price objective 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.

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.