ICL Group Ltd (NYSE:ICL) Shares Sold by Invesco Ltd.

Invesco Ltd. lessened its stake in ICL Group Ltd (NYSE:ICL - Free Report) by 9.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 410,747 shares of the basic materials company's stock after selling 41,683 shares during the period. Invesco Ltd.'s holdings in ICL Group were worth $2,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in ICL. Lindbrook Capital LLC boosted its stake in ICL Group by 56.8% in the 4th 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 in the last quarter. Claro Advisors LLC grew its holdings in shares of ICL Group by 18.4% during the fourth quarter. Claro Advisors LLC now owns 18,458 shares of the basic materials company's stock valued at $91,000 after buying an additional 2,872 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of ICL Group by 2.5% during the fourth 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 during the last quarter. Optas LLC raised its stake in ICL Group by 26.0% in the 4th quarter. Optas LLC now owns 29,210 shares of the basic materials company's stock worth $144,000 after acquiring an additional 6,022 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in ICL Group by 223.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 10,715 shares of the basic materials company's stock worth $53,000 after acquiring an additional 7,405 shares during the period. 13.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on ICL. BMO Capital Markets increased their price target on ICL Group from $6.00 to $6.50 and gave the stock a "market perform" rating in a research report on Thursday, February 27th. Barclays raised their target price on ICL Group from $6.00 to $7.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 5th. Finally, StockNews.com downgraded ICL Group from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 27th.

ICL Group Price Performance

ICL traded up $0.05 during trading on Monday, hitting $6.84. The company's stock had a trading volume of 40,593 shares, compared to its average volume of 882,110. The firm has a market capitalization of $8.98 billion, a price-to-earnings ratio of 22.05, a P/E/G ratio of 7.10 and a beta of 1.15. ICL Group Ltd has a twelve month low of $3.79 and a twelve month high of $6.84. The business's fifty day simple moving average is $6.11 and its 200 day simple moving average is $5.45. 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 results on Wednesday, February 26th. The basic materials company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.65 billion. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. On average, equities research analysts forecast that ICL Group Ltd will post 0.37 EPS for the current fiscal year.

ICL Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Wednesday, March 12th were issued a $0.0403 dividend. This represents a $0.16 annualized dividend and a yield of 2.36%. This is a boost from ICL Group's previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Wednesday, March 12th. ICL Group's payout ratio is presently 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.