CIBC World Markets Inc. grew its stake in shares of ICICI Bank Limited (NYSE:IBN) by 143.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,536 shares of the bank’s stock after purchasing an additional 22,125 shares during the period. CIBC World Markets Inc.’s holdings in ICICI Bank Limited were worth $337,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ronald Blue & Co. LLC purchased a new stake in shares of ICICI Bank Limited during the second quarter valued at $100,000. Smithfield Trust Co. lifted its holdings in shares of ICICI Bank Limited by 9.0% during 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 last quarter. CAPROCK Group Inc. purchased a new stake in shares of ICICI Bank Limited during the second quarter valued at $107,000. American Century Companies Inc. purchased a new stake in shares of ICICI Bank Limited during the first quarter valued at $101,000. Finally, Park Avenue Securities LLC lifted its holdings in shares of ICICI Bank Limited by 29.3% during the second quarter. Park Avenue Securities LLC now owns 13,565 shares of the bank’s stock valued at $117,000 after purchasing an additional 3,077 shares during the last quarter. 21.65% of the stock is owned by institutional investors and hedge funds.

ICICI Bank Limited (IBN) opened at 8.84 on Friday. ICICI Bank Limited has a 52-week low of $6.43 and a 52-week high of $9.85. The company’s 50-day moving average price is $9.19 and its 200 day moving average price is $8.64. The firm has a market capitalization of $28.32 billion, a price-to-earnings ratio of 17.61 and a beta of 1.79.

ICICI Bank Limited (NYSE:IBN) last posted its earnings results on Thursday, July 27th. The bank reported $0.10 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.10. The firm had revenue of $1.39 billion for the quarter. ICICI Bank Limited had a return on equity of 8.86% and a net margin of 13.03%. Equities analysts predict that ICICI Bank Limited will post $0.38 earnings per share for the current fiscal year.

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Several equities research analysts have recently commented on the company. BidaskClub downgraded ICICI Bank Limited from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. ValuEngine downgraded ICICI Bank Limited from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Zacks Investment Research downgraded ICICI Bank Limited from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Finally, Goldman Sachs Group, Inc. (The) raised ICICI Bank Limited from a “buy” rating to a “conviction-buy” rating in a report on Tuesday, June 6th. One research 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 stock. ICICI Bank Limited has an average rating of “Buy” and an average target price of $11.00.

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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