Moody National Bank Trust Division Invests $68,000 in ICL Group Ltd (NYSE:ICL)

Moody National Bank Trust Division bought a new position in shares of ICL Group Ltd (NYSE:ICL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,742 shares of the basic materials company’s stock, valued at approximately $68,000.

Several other large investors also recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in ICL Group during the third quarter worth approximately $296,000. Public Employees Retirement System of Ohio purchased a new position in shares of ICL Group during the 3rd quarter valued at approximately $589,000. XTX Topco Ltd bought a new position in shares of ICL Group during the third quarter worth about $126,000. Stifel Financial Corp lifted its position in shares of ICL Group by 65.0% in the 3rd quarter. Stifel Financial Corp now owns 591,187 shares of the basic materials company’s stock worth $2,513,000 after buying an additional 232,842 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in ICL Group in the third quarter valued at $1,316,000. Institutional investors and hedge funds own 13.38% of the company’s stock.

Analyst Upgrades and Downgrades

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 Price Performance

Shares of NYSE:ICL opened at $5.74 on Thursday. The company has a market cap of $7.54 billion, a P/E ratio of 18.52, a price-to-earnings-growth ratio of 6.97 and a beta of 1.22. 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 company’s fifty day moving average is $4.84 and its two-hundred day moving average is $4.43. ICL Group Ltd has a 12-month low of $3.79 and a 12-month high of $5.79.

ICL Group (NYSE:ICL) last issued its quarterly earnings data on Monday, November 11th. The basic materials company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations 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 previous year, the company earned $0.11 earnings per share. Equities analysts expect that ICL Group Ltd will post 0.35 earnings per share for the current fiscal year.

ICL Group Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were paid a $0.0133 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.93%. ICL Group’s payout ratio is 45.16%.

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.