Aviva PLC bought a new position in shares of ICL Group Ltd (NYSE:ICL – Get Rating) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 9,690 shares of the basic materials company’s stock, valued at approximately $79,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisor Group Holdings Inc. grew its position in ICL Group by 1,091.3% during the first quarter. Advisor Group Holdings Inc. now owns 3,002 shares of the basic materials company’s stock worth $36,000 after buying an additional 2,750 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of ICL Group in the 1st quarter valued at about $214,000. D.A. Davidson & CO. purchased a new position in shares of ICL Group in the 1st quarter worth approximately $139,000. BlackRock Inc. raised its holdings in shares of ICL Group by 38.9% in the 1st quarter. BlackRock Inc. now owns 2,542,319 shares of the basic materials company’s stock worth $30,686,000 after purchasing an additional 711,544 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in ICL Group by 18.2% during the 1st quarter. Allianz Asset Management GmbH now owns 442,295 shares of the basic materials company’s stock valued at $5,299,000 after acquiring an additional 68,126 shares during the period. Institutional investors own 14.13% of the company’s stock.
ICL Group Trading Up 1.8 %
NYSE ICL opened at $7.03 on Wednesday. The firm has a market cap of $9.05 billion, a PE ratio of 4.21, a price-to-earnings-growth ratio of 1.47 and a beta of 1.10. ICL Group Ltd has a 52 week low of $6.99 and a 52 week high of $12.96. The company has a quick ratio of 0.93, a current ratio of 1.75 and a debt-to-equity ratio of 0.40. The company has a 50 day moving average price of $7.59 and a 200 day moving average price of $8.34.
ICL Group Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st will be given a dividend of $0.104 per share. This represents a $0.42 annualized dividend and a yield of 5.92%. The ex-dividend date of this dividend is Tuesday, February 28th. ICL Group’s payout ratio is currently 43.71%.
Analysts Set New Price Targets
Several research firms have issued reports on ICL. BMO Capital Markets cut their price target on shares of ICL Group from $10.00 to $9.50 and set a “market perform” rating for the company in a research report on Thursday, November 10th. StockNews.com downgraded shares of ICL Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 16th. Barclays reduced their price target on shares of ICL Group from $11.00 to $10.00 and set an “equal weight” rating on the stock in a report on Friday, January 27th. Finally, Morgan Stanley dropped their price objective on shares of ICL Group from $12.00 to $8.50 and set an “equal weight” rating for the company in a research note on Wednesday, January 11th.
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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