Sequoia Financial Advisors LLC Purchases 4,241 Shares of ICL Group Ltd. (NYSE:ICL)

Sequoia Financial Advisors LLC boosted its position in shares of ICL Group Ltd. (NYSE:ICL) by 8.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 52,254 shares of the basic materials company’s stock after buying an additional 4,241 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in ICL Group were worth $294,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in ICL Group by 85.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 145,072 shares of the basic materials company’s stock worth $717,000 after purchasing an additional 66,933 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in ICL Group by 2.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 8,362,914 shares of the basic materials company’s stock worth $41,336,000 after purchasing an additional 219,101 shares during the last quarter. Northern Trust Corp raised its holdings in 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 purchasing an additional 188,906 shares during the last quarter. M&T Bank Corp bought a new stake in ICL Group during the 4th quarter worth about $65,000. Finally, Nuveen Asset Management LLC raised its holdings in ICL Group by 20.2% during the 4th quarter. Nuveen Asset Management LLC now owns 1,412,613 shares of the basic materials company’s stock worth $6,978,000 after purchasing an additional 237,704 shares during the last quarter. 13.38% of the stock is owned by institutional investors.

ICL Group Stock Up 1.4%

Shares of ICL stock opened at $7.31 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.47 and a debt-to-equity ratio of 0.30. The stock has a 50-day moving average of $6.71 and a 200-day moving average of $6.10. ICL Group Ltd. has a one year low of $3.79 and a one year high of $7.35.

ICL Group (NYSE:ICL) last announced its quarterly earnings results on Monday, May 19th. The basic materials company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.82 billion. ICL Group had a return on equity of 7.86% and a net margin of 5.66%. Analysts anticipate that ICL Group Ltd. will post 0.37 earnings per share for the current fiscal year.

ICL Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were paid a $0.0426 dividend. The ex-dividend date was Wednesday, June 4th. This is a boost from ICL Group’s previous quarterly dividend of $0.04. This represents a $0.17 dividend on an annualized basis and a dividend yield of 2.33%. ICL Group’s dividend payout ratio is 51.61%.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley upped their price target on ICL Group from $5.80 to $6.20 and gave the company an “equal weight” rating in a research note on Wednesday.

ICL Group Company 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.