2,803,054 Shares in ICL Group Ltd (NYSE:ICL) Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. bought a new position in shares of ICL Group Ltd (NYSE:ICL) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,803,054 shares of the basic materials company’s stock, valued at approximately $11,967,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ICL. Y.D. More Investments Ltd increased its position in ICL Group by 2,927,153.2% during the second quarter. Y.D. More Investments Ltd now owns 14,636,266 shares of the basic materials company’s stock worth $62,766,000 after acquiring an additional 14,635,766 shares during the period. Altshuler Shaham Ltd increased its position in ICL Group by 3.2% during the second quarter. Altshuler Shaham Ltd now owns 44,119,257 shares of the basic materials company’s stock worth $189,200,000 after acquiring an additional 1,360,670 shares during the period. Meitav Investment House Ltd. increased its position in ICL Group by 2.8% during the second quarter. Meitav Investment House Ltd. now owns 17,215,645 shares of the basic materials company’s stock worth $73,813,000 after acquiring an additional 465,031 shares during the period. Vanguard Group Inc. increased its holdings in ICL Group by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 24,894,017 shares of the basic materials company’s stock valued at $124,719,000 after buying an additional 419,241 shares during the period. Finally, Tidal Investments LLC increased its holdings in ICL Group by 931.7% in the 1st quarter. Tidal Investments LLC now owns 320,210 shares of the basic materials company’s stock valued at $1,723,000 after buying an additional 289,174 shares during the period. Institutional investors own 13.38% of the company’s stock.

ICL Group Trading Down 0.5 %

Shares of ICL Group stock opened at $4.09 on Monday. The company’s fifty day moving average price is $4.15 and its two-hundred day moving average price is $4.39. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.62 and a quick ratio of 0.94. ICL Group Ltd has a 52-week low of $3.79 and a 52-week high of $5.54. The firm has a market capitalization of $5.37 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 5.78 and a beta of 1.22.

ICL Group (NYSE:ICL) last posted its earnings results on Wednesday, August 14th. The basic materials company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. ICL Group had a net margin of 6.08% and a return on equity of 8.41%. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the firm earned $0.13 EPS. On average, analysts expect that ICL Group Ltd will post 0.34 EPS for the current year.

ICL Group Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were issued a $0.037 dividend. This represents a $0.15 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend was Wednesday, September 4th. ICL Group’s payout ratio is 45.46%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ICL shares. Barclays lowered their price target on shares of ICL Group from $4.50 to $4.00 and set an “underweight” rating on the stock in a report on Friday, August 16th. StockNews.com lowered shares of ICL Group from a “strong-buy” rating to a “buy” rating in a report on Monday, September 30th.

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.