ICL Group Ltd (NYSE:ICL) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its position in ICL Group Ltd (NYSE:ICL) by 65.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 958,198 shares of the basic materials company’s stock after selling 1,844,856 shares during the period. Assenagon Asset Management S.A. owned about 0.07% of ICL Group worth $4,734,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Crossmark Global Holdings Inc. acquired a new position in shares of ICL Group in the third quarter valued at approximately $6,689,000. Stifel Financial Corp raised its position in shares of ICL Group by 65.0% in the third quarter. Stifel Financial Corp now owns 591,187 shares of the basic materials company’s stock valued at $2,513,000 after buying an additional 232,842 shares during the last quarter. Townsquare Capital LLC acquired a new position in shares of ICL Group in the third quarter valued at approximately $56,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of ICL Group by 9.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,335,527 shares of the basic materials company’s stock valued at $5,676,000 after buying an additional 120,169 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in ICL Group during the third quarter worth approximately $126,000. Institutional investors and hedge funds own 13.38% of the company’s stock.

ICL Group Stock Performance

Shares of ICL stock opened at $5.91 on Tuesday. ICL Group Ltd has a one year low of $3.79 and a one year high of $5.94. 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 company has a 50 day moving average price of $4.94 and a 200 day moving average price of $4.47. The firm has a market capitalization of $7.76 billion, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 5.92 and a beta of 1.22.

ICL Group (NYSE:ICL) last issued its quarterly earnings results on Monday, November 11th. The basic materials company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the business posted $0.11 earnings per share. Sell-side analysts anticipate that ICL Group Ltd will post 0.37 EPS for the current year.

ICL Group Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were paid a dividend of $0.0133 per share. The ex-dividend date was Wednesday, December 4th. This represents a $0.05 annualized dividend and a yield of 0.90%. ICL Group’s dividend payout ratio is currently 45.16%.

Wall Street Analysts Forecast Growth

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

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.