ICL Group Ltd (NYSE:ICL) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lowered its stake in shares of ICL Group Ltd (NYSE:ICL) by 9.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 105,276 shares of the basic materials company’s stock after selling 11,341 shares during the quarter. Jane Street Group LLC’s holdings in ICL Group were worth $449,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Quantbot Technologies LP grew its position in ICL Group by 35.6% during the 3rd quarter. Quantbot Technologies LP now owns 11,380 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 2,985 shares during the period. Marshall Wace LLP acquired a new position in shares of ICL Group during the 2nd quarter worth approximately $56,000. Litman Gregory Wealth Management LLC purchased a new position in shares of ICL Group during the 3rd quarter valued at approximately $56,000. Townsquare Capital LLC purchased a new stake in shares of ICL Group during the third quarter worth about $56,000. Finally, Pitcairn Co. purchased a new position in ICL Group in the 3rd quarter valued at $59,000. 13.38% of the stock is currently owned by institutional investors and hedge funds.

ICL Group Trading Up 3.2 %

Shares of ICL stock opened at $5.22 on Tuesday. ICL Group Ltd has a 1-year low of $3.79 and a 1-year high of $5.54. The firm has a market cap of $6.86 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 6.97 and a beta of 1.22. The company has a 50-day moving average of $4.68 and a two-hundred day moving average of $4.38. 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 issued its quarterly earnings results on Monday, November 11th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.73 billion. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. During the same period in the prior year, the firm earned $0.11 earnings per share. On average, analysts predict that ICL Group Ltd will post 0.35 EPS for the current year.

ICL Group Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were given a $0.0133 dividend. The ex-dividend date was Wednesday, December 4th. This represents a $0.05 dividend on an annualized basis and a yield of 1.02%. ICL Group’s dividend payout ratio (DPR) is presently 45.16%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of ICL Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th.

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.