Swiss National Bank Purchases 8,848 Shares of ICL Group Ltd (NYSE:ICL)

Swiss National Bank raised its holdings in shares of ICL Group Ltd (NYSE:ICL) by 0.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,306,997 shares of the basic materials company’s stock after acquiring an additional 8,848 shares during the quarter. Swiss National Bank owned approximately 0.18% of ICL Group worth $9,873,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ICL. Vanguard Group Inc. grew its position in ICL Group by 1.6% in the first quarter. Vanguard Group Inc. now owns 25,286,822 shares of the basic materials company’s stock valued at $136,043,000 after purchasing an additional 392,805 shares in the last quarter. PEAK6 Investments LLC acquired a new stake in ICL Group in the 1st quarter valued at about $363,000. SVB Wealth LLC grew its holdings in ICL Group by 66.0% during the first quarter. SVB Wealth LLC now owns 16,875 shares of the basic materials company’s stock worth $91,000 after purchasing an additional 6,709 shares during the period. Tidal Investments LLC increased its position in ICL Group by 931.7% during the first quarter. Tidal Investments LLC now owns 320,210 shares of the basic materials company’s stock worth $1,723,000 after buying an additional 289,174 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in ICL Group by 8.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 34,054 shares of the basic materials company’s stock valued at $180,000 after buying an additional 2,542 shares during the period. 13.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. StockNews.com raised ICL Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Barclays dropped their target price on ICL Group from $4.50 to $4.00 and set an “underweight” rating for the company in a report on Friday, August 16th.

ICL Group Stock Up 0.2 %

NYSE ICL opened at $4.63 on Monday. The business has a fifty day moving average price of $4.16 and a two-hundred day moving average price of $4.33. The stock has a market capitalization of $6.08 billion, a PE ratio of 14.94, a PEG ratio of 6.44 and a beta of 1.23. ICL Group Ltd has a fifty-two week low of $3.79 and a fifty-two week high of $5.54. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 0.91.

ICL Group (NYSE:ICL) last announced its quarterly earnings data on Monday, November 11th. The basic materials company reported $0.11 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the prior year, the company earned $0.11 EPS. Equities analysts expect that ICL Group Ltd will post 0.34 earnings per share for the current fiscal year.

ICL Group Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be paid a $0.0133 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.15%. ICL Group’s payout ratio is currently 48.39%.

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.