ICL Group Ltd (NYSE:ICL) Holdings Trimmed by Invesco Ltd.

Invesco Ltd. reduced its stake in shares of ICL Group Ltd (NYSE:ICL - Free Report) by 9.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 410,747 shares of the basic materials company's stock after selling 41,683 shares during the quarter. Invesco Ltd.'s holdings in ICL Group were worth $2,029,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in ICL. 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. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of 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 valued at $53,000 after buying an additional 7,405 shares during the period. Savant Capital LLC purchased a new stake in shares of ICL Group in the fourth quarter worth about $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 stake in shares of ICL Group during the 4th quarter worth approximately $59,000. 13.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. StockNews.com downgraded ICL Group from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 27th. BMO Capital Markets upped their price target on ICL Group from $6.00 to $6.50 and gave the stock a "market perform" 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 company an "equal weight" rating in a research report on Wednesday, March 5th.

ICL Group Trading Up 1.3 %

NYSE:ICL traded up $0.09 during mid-day trading on Friday, reaching $6.78. The company's stock had a trading volume of 1,056,704 shares, compared to its average volume of 798,041. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 0.91. The stock has a market cap of $8.91 billion, a P/E ratio of 21.87, a P/E/G ratio of 7.10 and a beta of 1.15. The company's fifty day simple moving average is $6.11 and its two-hundred day simple moving average is $5.43. ICL Group Ltd has a twelve month low of $3.79 and a twelve month high of $6.84.

ICL Group (NYSE:ICL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The basic materials company reported $0.08 earnings per share for the quarter, meeting analysts' consensus estimates of $0.08. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.65 billion. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. On average, equities analysts predict that ICL Group Ltd will post 0.37 EPS for the current year.

ICL Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.0403 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.38%. This is a positive change from ICL Group's previous quarterly dividend of $0.01. The ex-dividend date was Wednesday, March 12th. ICL Group's dividend payout ratio (DPR) is 50.00%.

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.