Deutsche Bank AG Purchases 50,826 Shares of ICL Group Ltd (NYSE:ICL)

Deutsche Bank AG grew its position in ICL Group Ltd (NYSE:ICL) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,273,425 shares of the basic materials company’s stock after acquiring an additional 50,826 shares during the quarter. Deutsche Bank AG’s holdings in ICL Group were worth $6,291,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Balyasny Asset Management L.P. grew its holdings in ICL Group by 23.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 58,130 shares of the basic materials company’s stock valued at $287,000 after purchasing an additional 11,012 shares during the last quarter. Jane Street Group LLC grew its stake in shares of ICL Group by 152.6% during the fourth quarter. Jane Street Group LLC now owns 265,876 shares of the basic materials company’s stock valued at $1,316,000 after buying an additional 160,600 shares during the last quarter. PDT Partners LLC purchased a new stake in shares of ICL Group in the fourth quarter worth approximately $281,000. Northern Trust Corp lifted its stake in shares of ICL Group by 758.4% during the 4th quarter. Northern Trust Corp now owns 213,816 shares of the basic materials company’s stock worth $1,056,000 after acquiring an additional 188,906 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in ICL Group by 1.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 502,733 shares of the basic materials company’s stock valued at $2,479,000 after acquiring an additional 7,408 shares during the period. Institutional investors own 13.38% of the company’s stock.

ICL Group Price Performance

Shares of ICL stock opened at $6.74 on Friday. The stock has a market capitalization of $8.85 billion, a price-to-earnings ratio of 21.73, a P/E/G ratio of 7.10 and a beta of 1.15. The company has a current ratio of 1.56, a quick ratio of 0.91 and a debt-to-equity ratio of 0.30. ICL Group Ltd has a twelve month low of $3.79 and a twelve month high of $6.95. The stock has a fifty day simple moving average of $6.27 and a two-hundred day simple moving average of $5.63.

ICL Group (NYSE:ICL) last issued its earnings results on Wednesday, February 26th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.65 billion. On average, analysts predict that ICL Group Ltd will post 0.37 EPS for the current fiscal year.

ICL Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Wednesday, March 12th were issued a dividend of $0.0403 per share. This represents a $0.16 annualized dividend and a yield of 2.39%. This is a positive change from ICL Group’s previous quarterly dividend of $0.01. The ex-dividend date was Wednesday, March 12th. ICL Group’s dividend payout ratio (DPR) is presently 50.00%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Barclays lifted their target price on ICL Group from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 5th. StockNews.com cut shares of ICL Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 27th. Finally, BMO Capital Markets raised 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 report on Thursday, February 27th.

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.