Macquarie Group Ltd. raised its holdings in ICICI Bank Limited (NYSE:IBN) by 6.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,280,572 shares of the bank’s stock after purchasing an additional 248,521 shares during the period. Macquarie Group Ltd. owned about 0.13% of ICICI Bank Limited worth $38,401,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Capstone Asset Management Co. grew its holdings in ICICI Bank Limited by 0.4% in the second quarter. Capstone Asset Management Co. now owns 82,479 shares of the bank’s stock valued at $740,000 after purchasing an additional 360 shares during the period. HighTower Advisors LLC grew its holdings in ICICI Bank Limited by 2.4% in the first quarter. HighTower Advisors LLC now owns 16,476 shares of the bank’s stock valued at $144,000 after purchasing an additional 384 shares during the period. Baldwin Investment Management LLC grew its holdings in ICICI Bank Limited by 0.8% in the second quarter. Baldwin Investment Management LLC now owns 61,073 shares of the bank’s stock valued at $548,000 after purchasing an additional 483 shares during the period. Smithfield Trust Co. grew its holdings in ICICI Bank Limited by 9.0% in the second quarter. Smithfield Trust Co. now owns 11,775 shares of the bank’s stock valued at $106,000 after purchasing an additional 968 shares during the period. Finally, Capital One National Association grew its holdings in ICICI Bank Limited by 4.5% in the second quarter. Capital One National Association now owns 23,731 shares of the bank’s stock valued at $213,000 after purchasing an additional 1,028 shares during the period. 21.68% of the stock is currently owned by institutional investors.
Shares of ICICI Bank Limited (NYSE IBN) traded down 1.18% during mid-day trading on Monday, reaching $8.37. The company’s stock had a trading volume of 482,011 shares. ICICI Bank Limited has a 1-year low of $6.42 and a 1-year high of $9.85. The company has a market capitalization of $26.81 billion, a price-to-earnings ratio of 16.67 and a beta of 1.71. The company’s 50 day moving average price is $8.99 and its 200-day moving average price is $8.72.
ICICI Bank Limited (NYSE:IBN) last released its earnings results on Thursday, July 27th. The bank reported $0.10 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.10. ICICI Bank Limited had a return on equity of 8.86% and a net margin of 13.03%. The company had revenue of $1.39 billion for the quarter. Analysts predict that ICICI Bank Limited will post $0.38 earnings per share for the current fiscal year.
IBN has been the topic of several research analyst reports. ValuEngine raised ICICI Bank Limited from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub raised ICICI Bank Limited from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. Finally, Zacks Investment Research lowered ICICI Bank Limited from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $9.50.
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About ICICI Bank Limited
ICICI Bank Limited is a banking company. The Bank is engaged in providing a range of banking and financial services, including commercial banking, retail banking, project and corporate finance, working capital finance, insurance, venture capital and private equity, investment banking, broking and treasury products and services.
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