Corebridge Financial Inc. Reduces Stock Position in ICF International, Inc. (NASDAQ:ICFI)

Corebridge Financial Inc. trimmed its position in ICF International, Inc. (NASDAQ:ICFI) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,274 shares of the business services provider’s stock after selling 701 shares during the quarter. Corebridge Financial Inc.’s holdings in ICF International were worth $1,106,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC raised its position in ICF International by 44.4% during the 4th quarter. SG Americas Securities LLC now owns 1,103 shares of the business services provider’s stock worth $131,000 after buying an additional 339 shares during the last quarter. Cibc World Markets Corp acquired a new stake in shares of ICF International in the fourth quarter worth $208,000. Millstone Evans Group LLC purchased a new position in shares of ICF International during the fourth quarter worth $447,000. Captrust Financial Advisors lifted its position in ICF International by 36.5% during the third quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider’s stock valued at $603,000 after purchasing an additional 967 shares during the period. Finally, Handelsbanken Fonder AB boosted its holdings in ICF International by 8.3% in the fourth quarter. Handelsbanken Fonder AB now owns 5,222 shares of the business services provider’s stock valued at $623,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ICFI. Canaccord Genuity Group reissued a “hold” rating and issued a $100.00 price objective (down previously from $200.00) on shares of ICF International in a report on Friday, February 28th. D. Boral Capital reissued an “outperform” rating and issued a $174.00 price target on shares of ICF International in a report on Monday, December 16th. Barrington Research dropped their price objective on shares of ICF International from $174.00 to $102.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. Finally, StockNews.com upgraded shares of ICF International from a “hold” rating to a “buy” rating in a research note on Saturday, March 29th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $140.20.

ICF International Trading Up 0.1 %

Shares of ICFI stock opened at $84.09 on Friday. ICF International, Inc. has a 1-year low of $75.91 and a 1-year high of $179.67. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 14.78 and a beta of 0.49. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a 50 day simple moving average of $97.31 and a 200-day simple moving average of $129.13.

ICF International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Friday, March 28th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Friday, March 28th. ICF International’s dividend payout ratio is presently 9.61%.

ICF International Company Profile

ICF International, Inc provides management, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. The company researches critical policy, industry, stakeholder issues, trends, and behaviors; measures and evaluates results and their impact; and provides strategic planning and advisory services to its clients on how to navigate societal, business, market, business, communication, and technology challenges.