C WorldWide Group Holding A S decreased its position in ICICI Bank Ltd (NYSE:IBN) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,275,920 shares of the bank’s stock after selling 157,180 shares during the period. ICICI Bank comprises approximately 0.6% of C WorldWide Group Holding A S’s portfolio, making the stock its 19th biggest holding. C WorldWide Group Holding A S owned 0.16% of ICICI Bank worth $44,792,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Bellecapital International Ltd. purchased a new position in ICICI Bank in the second quarter valued at approximately $100,000. SP Asset Management purchased a new stake in shares of ICICI Bank during the second quarter worth $106,000. Iberiabank Corp purchased a new stake in shares of ICICI Bank during the third quarter worth $120,000. Meristem LLP lifted its position in shares of ICICI Bank by 57.4% during the second quarter. Meristem LLP now owns 15,763 shares of the bank’s stock worth $127,000 after acquiring an additional 5,749 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd purchased a new stake in shares of ICICI Bank during the second quarter worth $137,000. Institutional investors and hedge funds own 22.92% of the company’s stock.
Several equities research analysts have issued reports on IBN shares. Zacks Investment Research upgraded ICICI Bank from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th. JPMorgan Chase & Co. upgraded ICICI Bank from a “neutral” rating to an “overweight” rating in a research report on Monday, October 15th. Finally, ValuEngine upgraded ICICI Bank from a “sell” rating to a “hold” rating in a research report on Monday, July 30th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $11.00.
NYSE:IBN opened at $9.61 on Wednesday. The firm has a market cap of $30.72 billion, a price-to-earnings ratio of 43.59 and a beta of 1.40. ICICI Bank Ltd has a 1 year low of $7.61 and a 1 year high of $11.26. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.97.
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ICICI Bank Profile
ICICI Bank Limited, together with its subsidiaries, provides banking and financial services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance, and Others segments. The company offers savings, salary, pension, current, and other accounts; and fixed, recurring, and security deposits.
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