BB&T Securities LLC boosted its position in shares of ICICI Bank Ltd (NYSE:IBN) by 13.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,223 shares of the bank’s stock after acquiring an additional 1,950 shares during the period. BB&T Securities LLC’s holdings in ICICI Bank were worth $166,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Navellier & Associates Inc boosted its holdings in ICICI Bank by 53.5% during the fourth quarter. Navellier & Associates Inc now owns 6,649 shares of the bank’s stock valued at $68,000 after purchasing an additional 2,317 shares in the last quarter. Aviva PLC acquired a new stake in ICICI Bank during the third quarter valued at approximately $109,000. Bronfman E.L. Rothschild L.P. boosted its holdings in ICICI Bank by 3,995.0% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 12,981 shares of the bank’s stock valued at $110,000 after purchasing an additional 12,664 shares in the last quarter. Confluence Investment Management LLC acquired a new stake in ICICI Bank during the fourth quarter valued at approximately $142,000. Finally, Mondrian Investment Partners LTD boosted its holdings in ICICI Bank by 54.9% during the fourth quarter. Mondrian Investment Partners LTD now owns 14,920 shares of the bank’s stock valued at $154,000 after purchasing an additional 5,291 shares in the last quarter. Hedge funds and other institutional investors own 23.28% of the company’s stock.
NYSE IBN opened at $9.86 on Friday. The company has a market cap of $31.75 billion, a price-to-earnings ratio of 30.81 and a beta of 1.01. ICICI Bank Ltd has a 1-year low of $7.61 and a 1-year high of $10.83.
A number of equities research analysts have weighed in on IBN shares. HSBC downgraded ICICI Bank from a “buy” rating to a “hold” rating in a report on Friday, November 23rd. ValuEngine raised ICICI Bank from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 2nd. Zacks Investment Research raised ICICI Bank from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective on the stock in a report on Friday, January 11th. Finally, Sanford C. Bernstein raised ICICI Bank from an “underperform” rating to a “market perform” rating in a report on Monday, February 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $12.00.
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ICICI Bank Company Profile
ICICI Bank Limited, together with its subsidiaries, provides banking and financial services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance, and Others segments. The company offers savings, salary, pension, current, and other accounts; and fixed, recurring, and security deposits.
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