Shares of ICICI Bank Ltd. (NYSE:IBN) saw strong trading volume on Thursday . 15,968,454 shares traded hands during trading, an increase of 19% from the previous session’s volume of 13,449,384 shares.The stock last traded at $7.22 and had previously closed at $7.20.

Several equities analysts recently issued reports on the company. Goldman Sachs Group Inc. lowered ICICI Bank from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 3rd. JPMorgan Chase & Co. lowered ICICI Bank from an “overweight” rating to a “neutral” rating in a research report on Thursday, June 16th. Finally, Credit Suisse Group AG upgraded ICICI Bank from a “neutral” rating to an “outperform” rating in a research report on Thursday, April 21st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. ICICI Bank presently has an average rating of “Hold” and a consensus target price of $12.00.

The firm has a 50 day moving average of $7.14 and a 200-day moving average of $6.85. The firm has a market capitalization of $21.02 billion and a price-to-earnings ratio of 14.01.

The firm also recently disclosed an annual dividend, which was paid on Thursday, June 16th. Stockholders of record on Thursday, June 16th were given a $0.149 dividend. The ex-dividend date of this dividend was Tuesday, June 14th.

Several institutional investors have made changes to their positions in the stock. World Asset Management Inc increased its position in shares of ICICI Bank by 2.4% in the fourth quarter. World Asset Management Inc now owns 153,898 shares of the company’s stock valued at $1,205,000 after buying an additional 3,549 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. increased its position in shares of ICICI Bank by 0.4% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 159,117 shares of the company’s stock valued at $1,238,000 after buying an additional 667 shares during the last quarter. Azimuth Capital Management LLC increased its position in shares of ICICI Bank by 9.0% in the fourth quarter. Azimuth Capital Management LLC now owns 159,185 shares of the company’s stock valued at $1,246,000 after buying an additional 13,125 shares during the last quarter. Profund Advisors LLC increased its position in shares of ICICI Bank by 3.6% in the fourth quarter. Profund Advisors LLC now owns 159,942 shares of the company’s stock valued at $1,252,000 after buying an additional 5,600 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its position in shares of ICICI Bank by 198.8% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 177,175 shares of the company’s stock valued at $1,387,000 after buying an additional 117,888 shares during the last quarter.

ICICI Bank Limited is a banking company. The Bank is a financial services group 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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