Ritholtz Wealth Management Acquires 187,181 Shares of ICL Group Ltd. $ICL

Ritholtz Wealth Management increased its holdings in shares of ICL Group Ltd. (NYSE:ICL) by 201.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 280,193 shares of the basic materials company’s stock after purchasing an additional 187,181 shares during the period. Ritholtz Wealth Management’s holdings in ICL Group were worth $1,924,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. bought a new stake in shares of ICL Group during the first quarter worth approximately $163,000. Quantbot Technologies LP bought a new stake in shares of ICL Group during the first quarter worth approximately $117,000. Sequoia Financial Advisors LLC boosted its holdings in shares of ICL Group by 8.8% during the first quarter. Sequoia Financial Advisors LLC now owns 52,254 shares of the basic materials company’s stock worth $294,000 after acquiring an additional 4,241 shares during the period. Cerity Partners LLC boosted its holdings in shares of ICL Group by 135.4% during the first quarter. Cerity Partners LLC now owns 196,246 shares of the basic materials company’s stock worth $1,109,000 after acquiring an additional 112,865 shares during the period. Finally, M&T Bank Corp boosted its holdings in shares of ICL Group by 13.0% during the first quarter. M&T Bank Corp now owns 14,925 shares of the basic materials company’s stock worth $85,000 after acquiring an additional 1,716 shares during the period. Institutional investors own 13.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ICL shares. Morgan Stanley boosted their price objective on ICL Group from $5.80 to $6.20 and gave the stock an “equal weight” rating in a report on Wednesday, July 2nd. Weiss Ratings restated a “hold (c)” rating on shares of ICL Group in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, ICL Group has a consensus rating of “Hold” and a consensus target price of $6.57.

ICL Group Stock Down 2.0%

NYSE ICL opened at $6.23 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.05 and a debt-to-equity ratio of 0.41. ICL Group Ltd. has a 1-year low of $3.97 and a 1-year high of $7.35. The company has a 50 day moving average of $6.25 and a 200-day moving average of $6.47.

ICL Group (NYSE:ICL) last released its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. ICL Group had a net margin of 5.28% and a return on equity of 7.51%. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.82 billion. As a group, equities research analysts expect that ICL Group Ltd. will post 0.37 EPS for the current fiscal year.

ICL Group Dividend Announcement

The company also recently disclosed a — dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd were given a dividend of $0.0426 per share. This represents a yield of 290.0%. The ex-dividend date was Wednesday, September 3rd. ICL Group’s payout ratio is currently 58.62%.

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.