Boston Partners trimmed its position in ICICI Bank Limited (NYSE:IBN) by 38.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,320,729 shares of the bank’s stock after selling 3,347,342 shares during the quarter. Boston Partners owned approximately 0.17% of ICICI Bank Limited worth $45,545,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in IBN. BlackRock Inc. grew its position in shares of ICICI Bank Limited by 9,570.9% during the 1st quarter. BlackRock Inc. now owns 16,350,196 shares of the bank’s stock worth $140,610,000 after buying an additional 16,181,130 shares during the period. BT Investment Management Ltd acquired a new position in shares of ICICI Bank Limited during the 2nd quarter worth about $86,396,000. Lazard Asset Management LLC grew its position in shares of ICICI Bank Limited by 90.0% during the 2nd quarter. Lazard Asset Management LLC now owns 19,738,017 shares of the bank’s stock worth $177,050,000 after buying an additional 9,351,380 shares during the period. Baillie Gifford & Co. grew its position in shares of ICICI Bank Limited by 34.1% during the 3rd quarter. Baillie Gifford & Co. now owns 28,409,871 shares of the bank’s stock worth $243,188,000 after buying an additional 7,216,548 shares during the period. Finally, LMR Partners LLP grew its position in shares of ICICI Bank Limited by 102.2% during the 2nd quarter. LMR Partners LLP now owns 12,055,375 shares of the bank’s stock worth $108,324,000 after buying an additional 6,091,901 shares during the period. Hedge funds and other institutional investors own 22.05% of the company’s stock.

ICICI Bank Limited (NYSE:IBN) opened at $9.61 on Friday. The stock has a market capitalization of $30,785.27, a PE ratio of 24.02, a PEG ratio of 0.93 and a beta of 1.73. ICICI Bank Limited has a 12-month low of $6.69 and a 12-month high of $9.85. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.72.

IBN has been the subject of several analyst reports. ValuEngine upgraded ICICI Bank Limited from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Morgan Stanley upgraded ICICI Bank Limited from an “underweight” rating to an “overweight” rating in a research report on Wednesday, October 25th. Jefferies Group LLC upgraded ICICI Bank Limited from a “hold” rating to a “buy” rating in a research report on Monday, October 30th. BidaskClub upgraded ICICI Bank Limited from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded ICICI Bank Limited from a “hold” rating to a “buy” rating and set a $9.50 target price for the company in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $9.50.

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ICICI Bank Limited Profile

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.

Institutional Ownership by Quarter for ICICI Bank Limited (NYSE:IBN)

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