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

XTX Topco Ltd acquired a new position in shares of ICL Group Ltd (NYSE:ICL) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 29,655 shares of the basic materials company’s stock, valued at approximately $126,000.

A number of other institutional investors have also recently bought and sold shares of ICL. Altshuler Shaham Ltd raised its holdings in shares of ICL Group by 3.2% during the 2nd quarter. Altshuler Shaham Ltd now owns 44,119,257 shares of the basic materials company’s stock valued at $189,200,000 after purchasing an additional 1,360,670 shares in the last quarter. Meitav Investment House Ltd. raised 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 buying an additional 465,031 shares in the last quarter. Y.D. More Investments Ltd lifted its position in shares of ICL Group by 2,927,153.2% in 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 buying an additional 14,635,766 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of ICL Group during the 3rd quarter worth about $11,967,000. Finally, Swiss National Bank increased its holdings in shares of ICL Group by 0.4% during 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 acquiring an additional 8,848 shares during the last quarter. Institutional investors and hedge funds own 13.38% of the company’s stock.

Wall Street Analyst Weigh In

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

ICL Group Stock Performance

NYSE:ICL opened at $4.89 on Friday. The firm has a market capitalization of $6.42 billion, a PE ratio of 15.77, a PEG ratio of 7.00 and a beta of 1.25. The company has a current ratio of 1.56, a quick ratio of 0.91 and a debt-to-equity ratio of 0.30. ICL Group Ltd has a 1 year low of $3.79 and a 1 year high of $5.54. The firm’s fifty day simple moving average is $4.49 and its 200 day simple moving average is $4.35.

ICL Group (NYSE:ICL) last posted its quarterly earnings data on Monday, November 11th. The basic materials company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the company posted $0.11 earnings per share. On average, sell-side analysts anticipate 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. Stockholders of record on Wednesday, December 4th were issued 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 dividend yield of 1.09%. ICL Group’s dividend payout ratio (DPR) is presently 45.16%.

ICL Group 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.