ICL Group Ltd. $ICL Stock Position Increased by Allianz Asset Management GmbH

Allianz Asset Management GmbH raised its position in shares of ICL Group Ltd. (NYSE:ICL) by 32.9% in the third quarter, HoldingsChannel reports. The firm owned 652,238 shares of the basic materials company’s stock after acquiring an additional 161,610 shares during the period. Allianz Asset Management GmbH’s holdings in ICL Group were worth $4,087,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the company. CWM LLC boosted its position in shares of ICL Group by 23.7% during the second quarter. CWM LLC now owns 8,248 shares of the basic materials company’s stock worth $57,000 after buying an additional 1,581 shares during the period. Inspire Investing LLC raised its stake in ICL Group by 5.0% during the 3rd quarter. Inspire Investing LLC now owns 36,368 shares of the basic materials company’s stock valued at $227,000 after acquiring an additional 1,736 shares in the last quarter. Choreo LLC boosted its position in ICL Group by 14.7% during the 2nd quarter. Choreo LLC now owns 14,158 shares of the basic materials company’s stock worth $97,000 after acquiring an additional 1,812 shares during the period. Evergreen Capital Management LLC grew its stake in shares of ICL Group by 6.1% in the second quarter. Evergreen Capital Management LLC now owns 36,306 shares of the basic materials company’s stock worth $249,000 after purchasing an additional 2,097 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of ICL Group by 2.2% during the second quarter. First Trust Advisors LP now owns 134,570 shares of the basic materials company’s stock valued at $923,000 after purchasing an additional 2,841 shares during the period. Institutional investors and hedge funds own 13.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ICL shares. Barclays reduced their price objective on shares of ICL Group from $7.00 to $6.00 and set an “equal weight” rating for the company in a report on Thursday, November 13th. Wall Street Zen lowered shares of ICL Group from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of ICL Group in a report on Monday, December 29th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat, ICL Group currently has a consensus rating of “Hold” and an average target price of $6.23.

ICL Group Price Performance

Shares of NYSE ICL opened at $5.70 on Wednesday. ICL Group Ltd. has a twelve month low of $4.85 and a twelve month high of $7.35. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.43 and a quick ratio of 0.80. The firm has a 50-day moving average of $5.36 and a two-hundred day moving average of $5.86.

ICL Group (NYSE:ICL) last released its earnings results on Wednesday, November 12th. The basic materials company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.95 billion. ICL Group had a net margin of 5.23% and a return on equity of 7.24%. As a group, research analysts expect that ICL Group Ltd. will post 0.37 EPS for the current fiscal year.

ICL Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Tuesday, December 2nd were given a dividend of $0.048 per share. This represents a $0.19 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Tuesday, December 2nd. ICL Group’s dividend payout ratio is 48.28%.

ICL Group Company Profile

ICL Group is a global specialty minerals and chemicals company headquartered in Tel Aviv, Israel. Established in its current form through the consolidation of Israeli government–owned chemical operations, ICL has evolved into a publicly traded entity on the New York Stock Exchange (NYSE: ICL). The company’s origins date back to state-driven mineral extraction in the Negev and the Dead Sea region, and over the decades it has grown through strategic acquisitions, technological innovation and a gradual privatization process completed in the early 2010s.

ICL’s core operations are organized into three principal business areas.