ICL Group Ltd (NYSE:ICL) Shares Bought by Stifel Financial Corp

Stifel Financial Corp boosted its stake in ICL Group Ltd (NYSE:ICL - Free Report) by 65.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 591,187 shares of the basic materials company's stock after acquiring an additional 232,842 shares during the period. Stifel Financial Corp's holdings in ICL Group were worth $2,513,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Crossmark Global Holdings Inc. bought a new stake in ICL Group during the 3rd quarter valued at about $6,689,000. Y.D. More Investments Ltd increased its position in shares of ICL Group by 2,927,153.2% during the second 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 in the last quarter. Townsquare Capital LLC purchased a new position in ICL Group in the 3rd quarter worth approximately $56,000. Assenagon Asset Management S.A. bought a new position in ICL Group in the 3rd quarter valued at approximately $11,967,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in ICL Group by 9.9% during the 3rd 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 purchasing an additional 120,169 shares during the last quarter. 13.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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 Stock Performance

Shares of ICL stock traded up $0.02 on Thursday, hitting $4.85. The company had a trading volume of 725,410 shares, compared to its average volume of 787,162. The company has a quick ratio of 0.91, a current ratio of 1.56 and a debt-to-equity ratio of 0.30. The firm has a market cap of $6.37 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 7.00 and a beta of 1.25. The company has a 50-day moving average price of $4.46 and a 200-day moving average price of $4.35. ICL Group Ltd has a twelve month low of $3.79 and a twelve month high of $5.54.

ICL Group (NYSE:ICL - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.73 billion. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. During the same period in the previous year, the business earned $0.11 EPS. As a group, equities research analysts predict that ICL Group Ltd will post 0.35 earnings per share for the current fiscal year.

ICL Group Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were paid a dividend of $0.0133 per share. This represents a $0.05 annualized dividend and a yield of 1.10%. The ex-dividend date was Wednesday, December 4th. ICL Group's payout ratio is currently 45.16%.

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.