Dodge & Cox boosted its holdings in shares of ICICI Bank Limited (NYSE:IBN) by 5.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,036,330 shares of the bank’s stock after acquiring an additional 111,030 shares during the period. Dodge & Cox owned approximately 0.06% of ICICI Bank Limited worth $18,266,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of IBN. BlackRock Inc. lifted its holdings in ICICI Bank Limited by 9,570.9% during the first quarter. BlackRock Inc. now owns 16,350,196 shares of the bank’s stock worth $140,610,000 after acquiring an additional 16,181,130 shares in the last quarter. Morgan Stanley lifted its holdings in shares of ICICI Bank Limited by 1,269.1% in the first quarter. Morgan Stanley now owns 12,277,063 shares of the bank’s stock valued at $105,583,000 after purchasing an additional 11,380,354 shares in the last quarter. BT Investment Management Ltd bought a new stake in shares of ICICI Bank Limited in the second quarter valued at about $86,396,000. Lazard Asset Management LLC lifted its holdings in shares of ICICI Bank Limited by 90.0% in the second quarter. Lazard Asset Management LLC now owns 19,738,017 shares of the bank’s stock valued at $177,050,000 after purchasing an additional 9,351,380 shares in the last quarter. Finally, LMR Partners LLP lifted its holdings in shares of ICICI Bank Limited by 102.2% in the second quarter. LMR Partners LLP now owns 12,055,375 shares of the bank’s stock valued at $108,324,000 after purchasing an additional 6,091,901 shares in the last quarter. Hedge funds and other institutional investors own 21.65% of the company’s stock.
Shares of ICICI Bank Limited (IBN) opened at 8.75 on Friday. ICICI Bank Limited has a one year low of $6.43 and a one year high of $9.85. The stock has a 50 day moving average price of $9.19 and a 200-day moving average price of $8.64. The company has a market capitalization of $28.03 billion, a price-to-earnings ratio of 17.43 and a beta of 1.79.
ICICI Bank Limited (NYSE:IBN) last released its quarterly earnings data on Thursday, July 27th. The bank reported $0.10 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.10. The company had revenue of $1.39 billion for the quarter. ICICI Bank Limited had a net margin of 13.03% and a return on equity of 8.86%. On average, equities research analysts expect that ICICI Bank Limited will post $0.38 EPS for the current year.
A number of analysts have recently commented on the company. BidaskClub lowered ICICI Bank Limited from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. ValuEngine lowered ICICI Bank Limited from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Zacks Investment Research lowered ICICI Bank Limited from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) upgraded ICICI Bank Limited from a “buy” rating to a “conviction-buy” rating in a report on Tuesday, June 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. ICICI Bank Limited presently has a consensus rating of “Buy” and a consensus price target 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.
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