Virtu Financial LLC Buys Shares of 69,664 ICL Group Ltd (NYSE:ICL)

Virtu Financial LLC bought a new position in ICL Group Ltd (NYSE:ICL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 69,664 shares of the basic materials company’s stock, valued at approximately $296,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new stake in ICL Group in the third quarter valued at approximately $589,000. XTX Topco Ltd acquired a new stake in shares of ICL Group during the 3rd quarter valued at $126,000. Stifel Financial Corp grew its position in ICL Group by 65.0% during the 3rd quarter. Stifel Financial Corp now owns 591,187 shares of the basic materials company’s stock worth $2,513,000 after acquiring an additional 232,842 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in ICL Group in the 3rd quarter worth about $1,316,000. Finally, Verition Fund Management LLC raised its position in ICL Group by 48.9% in the third quarter. Verition Fund Management LLC now owns 30,469 shares of the basic materials company’s stock valued at $129,000 after purchasing an additional 10,000 shares during the last quarter. 13.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

ICL Group Stock Performance

Shares of ICL Group stock opened at $4.98 on Tuesday. The stock has a market cap of $6.54 billion, a price-to-earnings ratio of 16.06, a P/E/G ratio of 7.00 and a beta of 1.25. ICL Group Ltd has a twelve month low of $3.79 and a twelve month high of $5.54. The company’s fifty day moving average is $4.40 and its 200 day moving average is $4.34. The company has a quick ratio of 0.91, a current ratio of 1.56 and a debt-to-equity ratio of 0.30.

ICL Group (NYSE:ICL) last issued its quarterly earnings results on Monday, November 11th. The basic materials company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.73 billion. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. During the same quarter in the prior year, the firm posted $0.11 earnings per share. Sell-side analysts forecast that ICL Group Ltd will post 0.35 EPS for the current year.

ICL Group Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be given a $0.0133 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.07%. ICL Group’s dividend payout ratio (DPR) is currently 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.