Renaissance Technologies LLC Buys Shares of 2,464,750 ICICI Bank Limited (IBN)

Renaissance Technologies LLC bought a new stake in shares of ICICI Bank Limited (NYSE:IBN) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,464,750 shares of the bank’s stock, valued at approximately $22,109,000. Renaissance Technologies LLC owned approximately 0.08% of ICICI Bank Limited at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Advisor Group Inc. grew its stake in shares of ICICI Bank Limited by 7.7% during the second quarter. Advisor Group Inc. now owns 22,371 shares of the bank’s stock valued at $199,000 after acquiring an additional 1,595 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of ICICI Bank Limited by 21.9% during the second quarter. Nordea Investment Management AB now owns 16,902,578 shares of the bank’s stock valued at $151,616,000 after acquiring an additional 3,039,323 shares in the last quarter. Harding Loevner LP grew its stake in shares of ICICI Bank Limited by 11.1% during the second quarter. Harding Loevner LP now owns 49,907,254 shares of the bank’s stock valued at $447,668,000 after acquiring an additional 4,972,062 shares in the last quarter. Bluestein R H & Co. grew its stake in shares of ICICI Bank Limited by 140.0% during the second quarter. Bluestein R H & Co. now owns 120,000 shares of the bank’s stock valued at $1,076,000 after acquiring an additional 70,000 shares in the last quarter. Finally, Mariner Wealth Advisors LLC grew its stake in shares of ICICI Bank Limited by 11.8% during the second quarter. Mariner Wealth Advisors LLC now owns 20,445 shares of the bank’s stock valued at $183,000 after acquiring an additional 2,156 shares in the last quarter. Institutional investors own 21.68% of the company’s stock.

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ICICI Bank Limited (NYSE IBN) opened at 8.38 on Wednesday. The firm has a market capitalization of $26.85 billion, a P/E ratio of 16.69 and a beta of 1.70. ICICI Bank Limited has a 1-year low of $6.43 and a 1-year high of $9.85. The company has a 50-day moving average price of $8.95 and a 200-day moving average price of $8.75.

ICICI Bank Limited (NYSE:IBN) last posted its quarterly earnings data on Thursday, July 27th. The bank reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. ICICI Bank Limited had a net margin of 13.03% and a return on equity of 8.86%. The company had revenue of $1.39 billion for the quarter. On average, equities research analysts predict that ICICI Bank Limited will post $0.38 earnings per share for the current fiscal year.

IBN has been the subject of a number of research reports. BidaskClub upgraded ICICI Bank Limited from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded ICICI Bank Limited from a “hold” rating to a “buy” rating and set a $9.50 price target for the company in a r

Several other institutional investors have also made changes to their positions in the company. Advisor Group Inc. grew its stake in shares of ICICI Bank Limited by 7.7% during the second quarter. Advisor Group Inc. now owns 22,371 shares of the bank’s stock valued at $199,000 after acquiring an additional 1,595 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of ICICI Bank Limited by 21.9% during the second quarter. Nordea Investment Management AB now owns 16,902,578 shares of the bank’s stock valued at $151,616,000 after acquiring an additional 3,039,323 shares in the last quarter. Harding Loevner LP grew its stake in shares of ICICI Bank Limited by 11.1% during the second quarter. Harding Loevner LP now owns 49,907,254 shares of the bank’s stock valued at $447,668,000 after acquiring an additional 4,972,062 shares in the last quarter. Bluestein R H & Co. grew its stake in shares of ICICI Bank Limited by 140.0% during the second quarter. Bluestein R H & Co. now owns 120,000 shares of the bank’s stock valued at $1,076,000 after acquiring an additional 70,000 shares in the last quarter. Finally, Mariner Wealth Advisors LLC grew its stake in shares of ICICI Bank Limited by 11.8% during the second quarter. Mariner Wealth Advisors LLC now owns 20,445 shares of the bank’s stock valued at $183,000 after acquiring an additional 2,156 shares in the last quarter. Institutional investors own 21.68% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of international copyright & trademark laws. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/11/renaissance-technologies-llc-buys-shares-of-2464750-icici-bank-limited-ibn.html.

ICICI Bank Limited (NYSE IBN) opened at 8.38 on Wednesday. The firm has a market capitalization of $26.85 billion, a P/E ratio of 16.69 and a beta of 1.70. ICICI Bank Limited has a 1-year low of $6.43 and a 1-year high of $9.85. The company has a 50-day moving average price of $8.95 and a 200-day moving average price of $8.75.

ICICI Bank Limited (NYSE:IBN) last posted its quarterly earnings data on Thursday, July 27th. The bank reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. ICICI Bank Limited had a net margin of 13.03% and a return on equity of 8.86%. The company had revenue of $1.39 billion for the quarter. On average, equities research analysts predict that ICICI Bank Limited will post $0.38 earnings per share for the current fiscal year.

IBN has been the subject of a number of research reports. BidaskClub upgraded ICICI Bank Limited from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded ICICI Bank Limited from a “hold” rating to a “buy” rating and set a $9.50 price target for the company in a research note on Tuesday, September 26th. Finally, ValuEngine upgraded ICICI Bank Limited from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $9.50.

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.

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

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