Assenagon Asset Management S.A. Invests $11.97 Million in ICL Group Ltd (NYSE:ICL)

Assenagon Asset Management S.A. bought a new position in shares of ICL Group Ltd (NYSE:ICL - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,803,054 shares of the basic materials company's stock, valued at approximately $11,967,000. Assenagon Asset Management S.A. owned 0.21% of ICL Group at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ICL. Vanguard Group Inc. boosted its position in ICL Group by 1.6% during the first quarter. Vanguard Group Inc. now owns 25,286,822 shares of the basic materials company's stock worth $136,043,000 after purchasing an additional 392,805 shares during the period. Y.D. More Investments Ltd raised its holdings in ICL Group by 2,927,153.2% in the 2nd quarter. Y.D. More Investments Ltd now owns 14,636,266 shares of the basic materials company's stock valued at $62,766,000 after acquiring an additional 14,635,766 shares during the period. Inspire Investing LLC lifted its position in ICL Group by 23.6% during the first quarter. Inspire Investing LLC now owns 21,774 shares of the basic materials company's stock worth $117,000 after acquiring an additional 4,162 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of ICL Group by 8.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 34,054 shares of the basic materials company's stock worth $180,000 after acquiring an additional 2,542 shares during the period. Finally, PEAK6 Investments LLC acquired a new position in shares of ICL Group in the first quarter valued at approximately $363,000. 13.38% of the stock is owned by institutional investors and hedge funds.

ICL Group Price Performance

NYSE:ICL traded up $0.05 during trading hours on Monday, reaching $4.14. 673,151 shares of the company were exchanged, compared to its average volume of 766,652. The company has a market capitalization of $5.44 billion, a P/E ratio of 11.11, a P/E/G ratio of 5.78 and a beta of 1.22. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.62 and a quick ratio of 0.94. The business has a 50 day moving average of $4.15 and a 200 day moving average of $4.38. ICL Group Ltd has a 1-year low of $3.79 and a 1-year high of $5.54.

ICL Group (NYSE:ICL - Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The basic materials company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. ICL Group had a return on equity of 8.41% and a net margin of 6.08%. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the firm earned $0.13 earnings per share. Research analysts forecast that ICL Group Ltd will post 0.34 EPS for the current year.

ICL Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were paid a $0.037 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $0.15 dividend on an annualized basis and a yield of 3.57%. ICL Group's dividend payout ratio (DPR) is 37.84%.

Analysts Set New Price Targets

ICL has been the subject of several research reports. StockNews.com cut ICL Group from a "strong-buy" rating to a "buy" rating in a report on Monday, September 30th. Barclays reduced their target price 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 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.