Daiwa SB Investments Ltd. Buys 8,000 Shares of ICICI Bank Ltd (IBN)

Daiwa SB Investments Ltd. raised its stake in ICICI Bank Ltd (NYSE:IBN) by 52.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 23,180 shares of the bank’s stock after buying an additional 8,000 shares during the quarter. Daiwa SB Investments Ltd.’s holdings in ICICI Bank were worth $226,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of IBN. Schwab Charles Investment Management Inc. lifted its stake in ICICI Bank by 42.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 351,865 shares of the bank’s stock valued at $3,157,000 after buying an additional 104,700 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in ICICI Bank by 44.5% in the second quarter. Bank of New York Mellon Corp now owns 475,158 shares of the bank’s stock valued at $4,262,000 after buying an additional 146,353 shares during the last quarter. Legal & General Group Plc lifted its stake in ICICI Bank by 10.0% in the second quarter. Legal & General Group Plc now owns 316,615 shares of the bank’s stock valued at $2,822,000 after buying an additional 28,782 shares during the last quarter. American Century Companies Inc. lifted its stake in ICICI Bank by 10.0% in the second quarter. American Century Companies Inc. now owns 12,980 shares of the bank’s stock valued at $116,000 after buying an additional 1,180 shares during the last quarter. Finally, Swiss National Bank lifted its stake in ICICI Bank by 10.0% in the second quarter. Swiss National Bank now owns 272,575 shares of the bank’s stock valued at $2,445,000 after buying an additional 24,779 shares during the last quarter. Institutional investors own 21.95% of the company’s stock.

Shares of ICICI Bank Ltd (NYSE IBN) opened at $9.98 on Friday. ICICI Bank Ltd has a one year low of $6.82 and a one year high of $9.99. The firm has a market cap of $31,265.79, a PE ratio of 24.40, a P/E/G ratio of 0.93 and a beta of 1.74.

A number of equities research analysts have issued reports on the company. Zacks Investment Research cut ICICI Bank from a “buy” rating to a “hold” rating in a research note on Wednesday. Jefferies Group upgraded ICICI Bank from a “hold” rating to a “buy” rating in a research note on Monday, October 30th. Morgan Stanley upgraded ICICI Bank from an “underweight” rating to an “overweight” rating in a research note on Wednesday, October 25th. Finally, ValuEngine cut shares of ICICI Bank from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. ICICI Bank currently has a consensus rating of “Buy” and a consensus price target of $11.00.

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ICICI Bank 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 (NYSE:IBN)

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