JPMorgan Chase & Co. Trims Stock Position in ICL Group Ltd (NYSE:ICL)

JPMorgan Chase & Co. trimmed its holdings in shares of ICL Group Ltd (NYSE:ICL - Free Report) by 46.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,526,974 shares of the basic materials company's stock after selling 1,299,304 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.12% of ICL Group worth $6,490,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Altshuler Shaham Ltd lifted its holdings in ICL Group by 3.2% during the second 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. Assenagon Asset Management S.A. acquired a new stake in ICL Group in the 3rd quarter worth about $11,967,000. Swiss National Bank boosted its holdings in 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 worth $9,873,000 after buying an additional 8,848 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of ICL Group during the third quarter valued at approximately $6,689,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted 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 acquiring an additional 120,169 shares in the last quarter. Institutional investors and hedge funds own 13.38% of the company's stock.

Analysts Set New Price Targets

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

ICL Group Price Performance

Shares of NYSE ICL traded down $0.02 during mid-day trading on Thursday, reaching $5.72. The company's stock had a trading volume of 460,277 shares, compared to its average volume of 816,292. The stock has a 50-day moving average of $4.84 and a two-hundred day moving average of $4.43. 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 has a market capitalization of $7.51 billion, a P/E ratio of 18.44, a P/E/G ratio of 5.92 and a beta of 1.22. ICL Group Ltd has a 1-year low of $3.79 and a 1-year high of $5.79.

ICL Group (NYSE:ICL - Get Free Report) last released its quarterly earnings data on Monday, November 11th. The basic materials company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.03. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate 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 in the prior year, the firm earned $0.11 EPS. On average, equities research analysts anticipate that ICL Group Ltd will post 0.37 EPS for the current fiscal year.

ICL Group Cuts Dividend

The business 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. This represents a $0.05 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Wednesday, December 4th. ICL Group's dividend payout ratio (DPR) is currently 48.39%.

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.