ICL Group Ltd (NYSE:ICL) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in ICL Group Ltd (NYSE:ICL - Free Report) by 24.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,900,381 shares of the basic materials company's stock after purchasing an additional 373,407 shares during the period. JPMorgan Chase & Co. owned approximately 0.14% of ICL Group worth $9,388,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ICL. Lindbrook Capital LLC raised its holdings in shares of ICL Group by 56.8% during the fourth quarter. Lindbrook Capital LLC now owns 5,273 shares of the basic materials company's stock worth $26,000 after purchasing an additional 1,910 shares during the last quarter. Claro Advisors LLC lifted 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 buying an additional 2,872 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in ICL Group by 2.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 236,244 shares of the basic materials company's stock worth $1,167,000 after acquiring an additional 5,787 shares during the period. Optas LLC raised its position in ICL Group by 26.0% during the fourth quarter. Optas LLC now owns 29,210 shares of the basic materials company's stock valued at $144,000 after acquiring an additional 6,022 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised 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 valued at $53,000 after acquiring an additional 7,405 shares in the last quarter. Institutional investors and hedge funds own 13.38% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Barclays boosted 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. BMO Capital Markets increased their target price on shares of ICL Group from $6.00 to $6.50 and gave the stock a "market perform" rating in a research note on Thursday, February 27th. Finally, StockNews.com lowered ICL Group from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 27th.

ICL Group Trading Up 0.9 %

Shares of NYSE ICL traded up $0.06 during trading on Friday, hitting $6.37. 447,976 shares of the company were exchanged, compared to its average volume of 791,443. 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 12-month low of $3.79 and a 12-month high of $6.57. The company has a fifty day moving average price of $6.00 and a 200-day moving average price of $5.26. The firm has a market capitalization of $8.36 billion, a PE ratio of 20.53, a P/E/G ratio of 7.10 and a beta of 1.18.

ICL Group (NYSE:ICL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The basic materials company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. The firm 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, equities research analysts expect that ICL Group Ltd will post 0.37 EPS for the current year.

ICL Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Wednesday, March 12th were paid a dividend of $0.0403 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.53%. This is a positive change from ICL Group's previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Wednesday, March 12th. ICL Group's dividend payout ratio is presently 50.00%.

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.