ICL Group Ltd (NYSE:ICL) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in ICL Group Ltd (NYSE:ICL) by 49.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 78,139 shares of the basic materials company’s stock after purchasing an additional 25,992 shares during the period. Charles Schwab Investment Management Inc.’s holdings in ICL Group were worth $335,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Investors Research Corp acquired a new position in ICL Group in the third quarter worth $604,000. Swiss National Bank boosted its holdings in shares of 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 valued at $9,873,000 after buying an additional 8,848 shares during the period. Claro Advisors LLC bought a new stake in shares of ICL Group during the 3rd quarter valued at about $66,000. Metis Global Partners LLC raised its stake in ICL Group by 25.1% during the third quarter. Metis Global Partners LLC now owns 156,749 shares of the basic materials company’s stock worth $668,000 after acquiring an additional 31,461 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new position in ICL Group in the third quarter worth about $6,689,000. 13.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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 Performance

ICL stock opened at $4.85 on Friday. ICL Group Ltd has a 1 year low of $3.79 and a 1 year high of $5.54. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 7.00 and a beta of 1.25. 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 stock’s fifty day moving average is $4.47 and its two-hundred day moving average is $4.35.

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

ICL Group Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were given a dividend of $0.0133 per share. The ex-dividend date was Wednesday, December 4th. This represents a $0.05 dividend on an annualized basis and a yield of 1.10%. ICL Group’s dividend payout ratio (DPR) is presently 45.16%.

About ICL Group

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.