ICL Group Ltd (NYSE:ICL) Shares Acquired by Nuveen Asset Management LLC

Nuveen Asset Management LLC lifted its holdings in shares of ICL Group Ltd (NYSE:ICL - Free Report) by 20.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,412,613 shares of the basic materials company's stock after purchasing an additional 237,704 shares during the quarter. Nuveen Asset Management LLC owned about 0.11% of ICL Group worth $6,978,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lindbrook Capital LLC boosted its stake in shares of ICL Group by 56.8% in the 4th quarter. Lindbrook Capital LLC now owns 5,273 shares of the basic materials company's stock valued at $26,000 after buying an additional 1,910 shares during the period. GeoWealth Management LLC grew its holdings 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 acquiring an additional 6,575 shares in the last quarter. Savant Capital LLC purchased a new stake in shares of ICL Group in the 4th quarter valued at approximately $54,000. Wealthstream Advisors Inc. acquired a new stake in shares of ICL Group in the 4th quarter valued at $57,000. Finally, Seven Mile Advisory purchased a new stake in shares of ICL Group during the 4th quarter worth $59,000. Hedge funds and other institutional investors own 13.38% of the company's stock.

ICL Group Stock Down 0.8%

Shares of NYSE ICL traded down $0.05 during mid-day trading on Tuesday, reaching $6.63. The company had a trading volume of 521,632 shares, compared to its average volume of 815,906. ICL Group Ltd has a 52-week low of $3.79 and a 52-week high of $6.95. The stock has a market cap of $8.71 billion, a P/E ratio of 21.38, a PEG 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. The firm has a 50 day simple moving average of $6.40 and a two-hundred day simple moving average of $5.82.

ICL Group (NYSE:ICL - Get Free Report) last issued its quarterly earnings data on Monday, May 19th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. The company had revenue of $1.77 billion for 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%. Sell-side analysts predict that ICL Group Ltd will post 0.37 earnings per share for the current year.

ICL Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be paid a $0.0426 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.17 dividend on an annualized basis and a yield of 2.57%. This is a boost from ICL Group's previous quarterly dividend of $0.04. ICL Group's payout ratio is currently 51.61%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ICL shares. BMO Capital Markets increased their target price 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 raised their target price 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.

ICL Group Company 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.