ICL Group Ltd (NYSE:ICL) Shares Sold by Achmea Investment Management B.V.

Achmea Investment Management B.V. lessened its position in shares of ICL Group Ltd (NYSE:ICL) by 80.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 46,950 shares of the basic materials company’s stock after selling 190,509 shares during the quarter. Achmea Investment Management B.V.’s holdings in ICL Group were worth $204,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jump Financial LLC grew its position in shares of ICL Group by 550.0% during the 4th quarter. Jump Financial LLC now owns 117,001 shares of the basic materials company’s stock valued at $586,000 after acquiring an additional 99,001 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in shares of ICL Group by 59.1% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 75,172 shares of the basic materials company’s stock valued at $377,000 after buying an additional 27,934 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of ICL Group by 90.3% during the 4th quarter. Quadrant Capital Group LLC now owns 34,105 shares of the basic materials company’s stock worth $171,000 after buying an additional 16,188 shares during the period. Norges Bank purchased a new position in shares of ICL Group during the 4th quarter valued at approximately $36,042,000. Finally, EverSource Wealth Advisors LLC grew its stake in ICL Group by 168.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 14,156 shares of the basic materials company’s stock valued at $71,000 after acquiring an additional 8,887 shares during the period. Hedge funds and other institutional investors own 13.38% of the company’s stock.

Analyst Ratings Changes

Separately, Barclays reduced their price objective on shares of ICL Group from $4.50 to $4.00 and set an “underweight” rating for the company in a research report on Friday, August 16th.

ICL Group Price Performance

NYSE:ICL opened at $4.19 on Friday. The stock has a 50 day moving average of $4.29 and a two-hundred day moving average of $4.63. ICL Group Ltd has a 12 month low of $3.80 and a 12 month high of $5.87. The firm has a market cap of $5.51 billion, a P/E ratio of 11.32, a price-to-earnings-growth ratio of 5.36 and a beta of 1.23. The company has a current ratio of 1.62, a quick ratio of 0.94 and a debt-to-equity ratio of 0.31.

ICL Group (NYSE:ICL) last posted its quarterly earnings data on Wednesday, August 14th. The basic materials company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. ICL Group had a return on equity of 8.41% and a net margin of 6.08%. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the prior year, the company earned $0.13 EPS. On average, analysts expect that ICL Group Ltd will post 0.36 earnings per share for the current fiscal year.

ICL Group Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th will be paid a $0.037 dividend. This represents a $0.15 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Wednesday, September 4th. ICL Group’s dividend payout ratio is currently 40.54%.

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.