Candriam Luxembourg S.C.A. grew its holdings in shares of ICICI Bank Limited (NYSE:IBN) by 27.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 543,000 shares of the bank’s stock after buying an additional 117,300 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in ICICI Bank Limited were worth $4,648,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of IBN. BlackRock Inc. grew its holdings in shares of ICICI Bank Limited by 9,570.9% during the first quarter. BlackRock Inc. now owns 16,350,196 shares of the bank’s stock valued at $140,610,000 after buying an additional 16,181,130 shares during the last quarter. BT Investment Management Ltd acquired a new position in shares of ICICI Bank Limited during the second quarter valued at about $86,396,000. Lazard Asset Management LLC grew its holdings in shares of ICICI Bank Limited by 90.0% during the second quarter. Lazard Asset Management LLC now owns 19,738,017 shares of the bank’s stock valued at $177,050,000 after buying an additional 9,351,380 shares during the last quarter. Baillie Gifford & Co. grew its holdings in shares of ICICI Bank Limited by 34.1% during the third quarter. Baillie Gifford & Co. now owns 28,409,871 shares of the bank’s stock valued at $243,188,000 after buying an additional 7,216,548 shares during the last quarter. Finally, LMR Partners LLP grew its holdings in shares of ICICI Bank Limited by 102.2% during the second quarter. LMR Partners LLP now owns 12,055,375 shares of the bank’s stock valued at $108,324,000 after buying an additional 6,091,901 shares during the last quarter. Hedge funds and other institutional investors own 21.87% of the company’s stock.

A number of brokerages have recently issued reports on IBN. BidaskClub cut shares of ICICI Bank Limited from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. ValuEngine cut shares of ICICI Bank Limited from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Zacks Investment Research cut shares of ICICI Bank Limited from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Jefferies Group LLC upgraded shares of ICICI Bank Limited from a “hold” rating to a “buy” rating in a report on Monday, October 30th. Finally, Morgan Stanley upgraded shares of ICICI Bank Limited from an “underweight” rating to an “overweight” rating in a report on Wednesday, October 25th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $9.50.

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ICICI Bank Limited (NYSE IBN) opened at $9.46 on Tuesday. ICICI Bank Limited has a twelve month low of $6.69 and a twelve month high of $9.85. The firm has a market cap of $30,785.27, a PE ratio of 24.02, a P/E/G ratio of 0.93 and a beta of 1.73. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.72.

ICICI Bank Limited Company 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.

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

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