ICL Group Ltd (NYSE:ICL) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its holdings in shares of ICL Group Ltd (NYSE:ICL) by 20.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,153,691 shares of the basic materials company’s stock after purchasing an additional 197,520 shares during the quarter. Russell Investments Group Ltd.’s holdings in ICL Group were worth $8,472,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of ICL Group by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 19,924,114 shares of the basic materials company’s stock valued at $136,679,000 after acquiring an additional 274,382 shares during the last quarter. Meitav Dash Investments Ltd. boosted its position in shares of ICL Group by 35.2% during the 3rd quarter. Meitav Dash Investments Ltd. now owns 17,095,463 shares of the basic materials company’s stock valued at $125,476,000 after acquiring an additional 4,448,184 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of ICL Group by 1.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,319,678 shares of the basic materials company’s stock valued at $15,913,000 after acquiring an additional 34,043 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of ICL Group by 6.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,121,166 shares of the basic materials company’s stock valued at $14,552,000 after acquiring an additional 126,040 shares during the last quarter. Finally, BlackRock Inc. boosted its position in shares of ICL Group by 1.0% during the 2nd quarter. BlackRock Inc. now owns 1,359,216 shares of the basic materials company’s stock valued at $9,324,000 after acquiring an additional 14,029 shares during the last quarter. 10.07% of the stock is currently owned by institutional investors.

NYSE ICL opened at $11.04 on Friday. The firm’s 50-day moving average is $9.52 and its two-hundred day moving average is $8.14. ICL Group Ltd has a 12 month low of $5.24 and a 12 month high of $11.16. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.52 and a quick ratio of 0.90. The stock has a market capitalization of $14.13 billion, a P/E ratio of 25.09, a PEG ratio of 0.51 and a beta of 1.18.

ICL Group (NYSE:ICL) last posted its earnings results on Thursday, November 4th. The basic materials company reported $0.16 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.02. ICL Group had a net margin of 9.06% and a return on equity of 12.90%. The company had revenue of $1.79 billion for the quarter. During the same period in the previous year, the company earned $0.05 EPS. As a group, analysts anticipate that ICL Group Ltd will post 0.55 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 15th. Shareholders of record on Thursday, December 2nd were paid a dividend of $0.0837 per share. The ex-dividend date of this dividend was Wednesday, December 1st. This is a positive change from ICL Group’s previous quarterly dividend of $0.04. This represents a $0.33 dividend on an annualized basis and a yield of 3.03%. ICL Group’s dividend payout ratio is 36.36%.

Several research analysts have recently weighed in on the stock. Morgan Stanley boosted their price target on shares of ICL Group from $7.00 to $9.00 and gave the company an “equal weight” rating in a research report on Monday, December 6th. Zacks Investment Research cut shares of ICL Group from a “buy” rating to a “hold” rating in a research report on Friday.

About ICL Group

ICL Group Ltd. engages in the manufacture of mineral-based products for the agriculture, food, and engineered materials markets. Its products include potash and phosphate fertilizers, specialty fertilizers, functional ingredients, flame retardants and magnesia products. The company was founded in 1968 and is headquartered in Tel Aviv, Israel.

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Institutional Ownership by Quarter for ICL Group (NYSE:ICL)

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