KCG Holdings Inc. reduced its position in shares of ICICI Bank Limited (NYSE:IBN) by 79.6% during the first quarter, Holdings Channel reports. The institutional investor owned 11,638 shares of the bank’s stock after selling 45,535 shares during the period. KCG Holdings Inc.’s holdings in ICICI Bank Limited were worth $100,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Daiwa SB Investments Ltd. raised its position in ICICI Bank Limited by 8.7% in the first quarter. Daiwa SB Investments Ltd. now owns 13,800 shares of the bank’s stock valued at $119,000 after buying an additional 1,100 shares during the period. Atria Investments LLC raised its position in ICICI Bank Limited by 11.0% in the first quarter. Atria Investments LLC now owns 13,729 shares of the bank’s stock valued at $118,000 after buying an additional 1,363 shares during the period. Portland Global Advisors LLC raised its position in ICICI Bank Limited by 0.3% in the first quarter. Portland Global Advisors LLC now owns 237,164 shares of the bank’s stock valued at $2,040,000 after buying an additional 650 shares during the period. Bank of The West acquired a new position in ICICI Bank Limited during the first quarter valued at $208,000. Finally, Candriam Luxembourg S.C.A. raised its position in ICICI Bank Limited by 1,000.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 132,000 shares of the bank’s stock valued at $1,135,000 after buying an additional 120,000 shares during the period. Hedge funds and other institutional investors own 20.84% of the company’s stock.

ICICI Bank Limited (NYSE IBN) traded up 1.25% during mid-day trading on Friday, reaching $8.90. 4,374,244 shares of the company’s stock were exchanged. The stock has a market cap of $28.51 billion, a P/E ratio of 17.80 and a beta of 1.77. The stock has a 50-day moving average price of $9.18 and a 200-day moving average price of $8.32. ICICI Bank Limited has a 52 week low of $6.43 and a 52 week high of $9.85.

ICICI Bank Limited (NYSE:IBN) last posted 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. The company had revenue of $1.39 billion during the quarter. ICICI Bank Limited had a return on equity of 8.86% and a net margin of 13.03%. On average, analysts forecast that ICICI Bank Limited will post $0.38 earnings per share for the current year.

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IBN has been the subject of several research reports. Zacks Investment Research upgraded shares of ICICI Bank Limited from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Monday, May 8th. Goldman Sachs Group, Inc. (The) upgraded shares of ICICI Bank Limited from a “buy” rating to a “conviction-buy” rating in a research report on Tuesday, June 6th. BidaskClub lowered shares of ICICI Bank Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, ValuEngine lowered shares of ICICI Bank Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. ICICI Bank Limited currently has an average rating of “Hold” and a consensus price target of $11.00.

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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