Charles Schwab Investment Management Inc. Has $717,000 Stock Holdings in ICL Group Ltd (NYSE:ICL)

Charles Schwab Investment Management Inc. lifted its stake in ICL Group Ltd (NYSE:ICL - Free Report) by 85.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 145,072 shares of the basic materials company's stock after purchasing an additional 66,933 shares during the period. Charles Schwab Investment Management Inc.'s holdings in ICL Group were worth $717,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB boosted its position in shares of ICL Group by 223.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 10,715 shares of the basic materials company's stock worth $53,000 after purchasing an additional 7,405 shares during the last quarter. Savant Capital LLC bought a new position in ICL Group during the fourth quarter worth about $54,000. Quantbot Technologies LP boosted its holdings in ICL Group by 35.6% during the third quarter. Quantbot Technologies LP now owns 11,380 shares of the basic materials company's stock worth $48,000 after buying an additional 2,985 shares during the last quarter. Wealthstream Advisors Inc. acquired a new position in shares of ICL Group during the 4th quarter worth about $57,000. Finally, Townsquare Capital LLC bought a new stake in shares of ICL Group in the 3rd quarter valued at about $56,000. Institutional investors own 13.38% of the company's stock.

ICL Group Stock Down 5.6 %

NYSE ICL traded down $0.32 on Friday, reaching $5.36. The company had a trading volume of 1,268,261 shares, compared to its average volume of 777,855. The firm has a market capitalization of $7.04 billion, a price-to-earnings ratio of 17.29, a price-to-earnings-growth ratio of 7.10 and a beta of 1.21. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.91 and a current ratio of 1.56. ICL Group Ltd has a 1-year low of $3.79 and a 1-year high of $6.57. The company's fifty day moving average is $5.96 and its 200-day moving average is $5.09.

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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, 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 return on equity of 8.31% and a net margin of 5.83%. On average, research analysts forecast that ICL Group Ltd will post 0.37 earnings per share for the current fiscal year.

ICL Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Wednesday, March 12th were paid a dividend of $0.0403 per share. This is a boost from ICL Group's previous quarterly dividend of $0.01. This represents a $0.16 annualized dividend and a dividend yield of 3.01%. The ex-dividend date was Wednesday, March 12th. ICL Group's dividend payout ratio (DPR) is currently 50.00%.

Wall Street Analysts Forecast Growth

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

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.