United Services Automobile Association Takes $108,000 Position in ICL Group Ltd (NYSE:ICL)

United Services Automobile Association acquired a new position in ICL Group Ltd (NYSE:ICL) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 21,780 shares of the basic materials company’s stock, valued at approximately $108,000.

Several other hedge funds have also recently bought and sold shares of ICL. Swiss National Bank grew its position in ICL Group by 0.4% in the 3rd quarter. Swiss National Bank now owns 2,306,997 shares of the basic materials company’s stock worth $9,873,000 after purchasing an additional 8,848 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of ICL Group by 49.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 78,139 shares of the basic materials company’s stock worth $335,000 after buying an additional 25,992 shares during the period. Pitcairn Co. bought a new position in ICL Group in the 3rd quarter worth approximately $59,000. Quantbot Technologies LP increased its position in ICL Group by 35.6% in the 3rd quarter. Quantbot Technologies LP now owns 11,380 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 2,985 shares during the period. Finally, Townsquare Capital LLC bought a new stake in ICL Group during the 3rd quarter valued at $56,000. 13.38% of the stock is currently owned by institutional investors.

ICL Group Stock Down 0.6 %

ICL opened at $5.86 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.91 and a current ratio of 1.56. The company has a market capitalization of $7.69 billion, a PE ratio of 18.89, a P/E/G ratio of 7.10 and a beta of 1.21. The stock’s fifty day moving average is $5.99 and its 200-day moving average is $5.00. ICL Group Ltd has a one year low of $3.79 and a one year high of $6.57.

ICL Group (NYSE:ICL) last issued its quarterly earnings results on Wednesday, February 26th. The basic materials company reported $0.08 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 firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.65 billion. On average, equities analysts predict that ICL Group Ltd will post 0.37 EPS for the current fiscal year.

ICL Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Wednesday, March 12th will be paid a dividend of $0.0403 per share. The ex-dividend date is Wednesday, March 12th. This is a positive change from ICL Group’s previous quarterly dividend of $0.01. This represents a $0.16 annualized dividend and a yield of 2.75%. ICL Group’s dividend payout ratio is currently 50.00%.

Analysts Set New Price Targets

ICL has been the subject of several recent analyst reports. StockNews.com cut ICL Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 27th. BMO Capital Markets raised their target price on shares of ICL Group from $6.00 to $6.50 and gave the company a “market perform” rating in a research note on Thursday, February 27th. Finally, Barclays upped their price target on shares of ICL Group from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 5th.

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.