Stifel Financial Corp Buys 52,396 Shares of ICL Group Ltd (NYSE:ICL)

Stifel Financial Corp boosted its holdings in ICL Group Ltd (NYSE:ICL - Free Report) by 8.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 643,583 shares of the basic materials company's stock after purchasing an additional 52,396 shares during the quarter. Stifel Financial Corp's holdings in ICL Group were worth $3,179,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in ICL Group by 85.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 145,072 shares of the basic materials company's stock valued at $717,000 after buying an additional 66,933 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in ICL Group by 2.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 8,362,914 shares of the basic materials company's stock worth $41,336,000 after purchasing an additional 219,101 shares in the last quarter. Meitav Investment House Ltd. raised its holdings in ICL Group by 21.3% in the fourth quarter. Meitav Investment House Ltd. now owns 20,551,025 shares of the basic materials company's stock worth $101,391,000 after buying an additional 3,606,357 shares during the last quarter. M&T Bank Corp bought a new position in shares of ICL Group in the fourth quarter worth approximately $65,000. Finally, Vanguard Group Inc. grew its holdings in shares of ICL Group by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 26,898,125 shares of the basic materials company's stock valued at $132,850,000 after buying an additional 626,553 shares during the last quarter. Institutional investors own 13.38% of the company's stock.

ICL Group Stock Performance

NYSE:ICL traded down $0.07 during trading hours on Thursday, reaching $6.78. The company had a trading volume of 159,204 shares, compared to its average volume of 795,762. The firm's 50 day moving average price is $6.16 and its 200-day moving average price is $5.49. The firm has a market cap of $8.91 billion, a price-to-earnings ratio of 21.87, 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. ICL Group Ltd has a 52 week low of $3.79 and a 52 week high of $6.91.

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 for the quarter, meeting analysts' consensus estimates of $0.08. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.65 billion. On average, analysts forecast 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 given a $0.0403 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. 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%. ICL Group's dividend payout ratio (DPR) is presently 50.00%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ICL shares. StockNews.com cut ICL Group from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 27th. BMO Capital Markets increased their price objective on ICL Group from $6.00 to $6.50 and gave the company a "market perform" rating in a research report on Thursday, February 27th. Finally, Barclays upped their target price on shares of ICL Group from $6.00 to $7.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 5th.

ICL Group 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.