XTX Topco Ltd Takes $126,000 Position in ICL Group Ltd (NYSE:ICL)

XTX Topco Ltd bought a new position in shares of ICL Group Ltd (NYSE:ICL) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 29,655 shares of the basic materials company’s stock, valued at approximately $126,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd raised its stake in shares of ICL Group by 2,927,153.2% in the 2nd quarter. Y.D. More Investments Ltd now owns 14,636,266 shares of the basic materials company’s stock valued at $62,766,000 after buying an additional 14,635,766 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in ICL Group in the third quarter valued at about $11,967,000. Crossmark Global Holdings Inc. acquired a new position in ICL Group in the third quarter worth about $6,689,000. Altshuler Shaham Ltd lifted its stake 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 purchasing an additional 1,360,670 shares during the period. Finally, Meitav Investment House Ltd. boosted its holdings 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 valued at $73,813,000 after purchasing an additional 465,031 shares in the last quarter. 13.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised ICL Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th.

ICL Group Stock Up 0.8 %

Shares of NYSE:ICL opened at $4.89 on Friday. The company’s fifty day moving average is $4.49 and its 200-day moving average is $4.35. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.91 and a current ratio of 1.56. ICL Group Ltd has a 52 week low of $3.79 and a 52 week high of $5.54. The company has a market capitalization of $6.42 billion, a PE ratio of 15.77, a P/E/G ratio of 7.00 and a beta of 1.25.

ICL Group (NYSE:ICL) last released its quarterly earnings results on Monday, November 11th. The basic materials company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.73 billion. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. During the same period in the previous year, the business earned $0.11 earnings per share. Equities research analysts predict that ICL Group Ltd will post 0.35 earnings per share for the current fiscal year.

ICL Group Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were issued a dividend of $0.0133 per share. This represents a $0.05 annualized dividend and a dividend yield of 1.09%. The ex-dividend date was Wednesday, December 4th. ICL Group’s payout ratio is presently 45.16%.

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.