Stifel Financial Corp Has $3.18 Million Position in ICL Group Ltd (NYSE:ICL)

Stifel Financial Corp boosted its position in shares of ICL Group Ltd (NYSE:ICL - Free Report) by 8.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 643,583 shares of the basic materials company's stock after buying an additional 52,396 shares during the quarter. Stifel Financial Corp's holdings in ICL Group were worth $3,179,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ICL. Virtu Financial LLC bought a new position in ICL Group in the third quarter valued at about $296,000. Moody National Bank Trust Division bought a new position in shares of ICL Group in the 4th quarter valued at about $68,000. Claro Advisors LLC grew its position in shares of ICL Group by 18.4% during the 4th quarter. Claro Advisors LLC now owns 18,458 shares of the basic materials company's stock worth $91,000 after buying an additional 2,872 shares during the period. Ignite Planners LLC raised its stake in shares of ICL Group by 5.1% during the fourth quarter. Ignite Planners LLC now owns 157,515 shares of the basic materials company's stock worth $797,000 after buying an additional 7,598 shares during the last quarter. Finally, Kathmere Capital Management LLC acquired a new position in ICL Group in the fourth quarter valued at approximately $141,000. 13.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on ICL. BMO Capital Markets upped their target price on shares of ICL Group from $6.00 to $6.50 and gave the company a "market perform" rating in a research report on Thursday, February 27th. StockNews.com lowered ICL Group from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 27th. Finally, Barclays boosted 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 Price Performance

Shares of ICL stock opened at $6.78 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.56 and a debt-to-equity ratio of 0.30. ICL Group Ltd has a 12-month low of $3.79 and a 12-month high of $6.84. The firm has a fifty day moving average of $6.11 and a 200-day moving average of $5.43. The firm has a market capitalization of $8.91 billion, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 7.10 and a beta of 1.15.

ICL Group (NYSE:ICL - Get Free Report) last posted 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 firm had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.65 billion. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. On average, equities research analysts forecast that ICL Group Ltd will post 0.37 earnings per share for the current year.

ICL Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Wednesday, March 12th were issued a dividend of $0.0403 per share. This is an increase from ICL Group's previous quarterly dividend of $0.01. This represents a $0.16 annualized dividend and a yield of 2.38%. 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.

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