ICL Group Ltd (NYSE:ICL) Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its holdings in shares of ICL Group Ltd (NYSE:ICL - Free Report) by 33.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,449,787 shares of the basic materials company's stock after selling 1,733,343 shares during the period. Legal & General Group Plc owned approximately 0.26% of ICL Group worth $17,042,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Lindbrook Capital LLC raised its position in ICL Group by 56.8% in the fourth quarter. Lindbrook Capital LLC now owns 5,273 shares of the basic materials company's stock worth $26,000 after acquiring an additional 1,910 shares in the last quarter. Claro Advisors LLC increased its holdings in shares of ICL Group by 18.4% in the 4th quarter. Claro Advisors LLC now owns 18,458 shares of the basic materials company's stock valued at $91,000 after purchasing an additional 2,872 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of ICL Group by 2.5% in 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 purchasing an additional 5,787 shares during the period. Optas LLC boosted its holdings in ICL Group by 26.0% during the fourth quarter. Optas LLC now owns 29,210 shares of the basic materials company's stock worth $144,000 after buying an additional 6,022 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in ICL Group by 223.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 10,715 shares of the basic materials company's stock worth $53,000 after buying an additional 7,405 shares during the period. 13.38% of the stock is owned by hedge funds and other institutional investors.

ICL Group Price Performance

Shares of NYSE ICL traded up $0.06 on Friday, hitting $6.37. The company's stock had a trading volume of 447,976 shares, compared to its average volume of 790,378. 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 50 day moving average of $6.00 and a 200-day moving average of $5.25. ICL Group Ltd has a 12-month low of $3.79 and a 12-month high of $6.57. The company has a market capitalization of $8.36 billion, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 7.10 and a beta of 1.18.

ICL Group (NYSE:ICL - Get Free Report) last released its earnings results on Wednesday, February 26th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.08. The company had revenue of $1.60 billion for 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%. As a group, research 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. Shareholders of record on Wednesday, March 12th were issued a $0.0403 dividend. This is a boost from ICL Group's previous quarterly dividend of $0.01. The ex-dividend date was Wednesday, March 12th. This represents a $0.16 annualized dividend and a yield of 2.53%. ICL Group's payout ratio is 50.00%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ICL. BMO Capital Markets boosted their price target on ICL Group from $6.00 to $6.50 and gave the stock a "market perform" rating in a research note on Thursday, February 27th. StockNews.com cut ICL Group from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 27th. Finally, Barclays upped their target price on ICL Group from $6.00 to $7.00 and gave the company an "equal weight" rating in a 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.