ICICI Bank Ltd. (NYSE:IBN) shares saw an uptick in trading volume on Thursday . 15,968,454 shares were traded during mid-day 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 research firms recently issued reports on IBN. Goldman Sachs Group Inc. cut shares of ICICI Bank from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 3rd. JPMorgan Chase & Co. cut shares of ICICI Bank from an “overweight” rating to a “neutral” rating in a research report on Thursday, June 16th. Finally, Credit Suisse Group AG raised shares of ICICI Bank from a “neutral” rating to an “outperform” rating in a research report on Thursday, April 21st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. ICICI Bank has a consensus rating of “Hold” and a consensus price target of $12.00.

The company’s 50-day moving average is $7.16 and its 200-day moving average is $6.84. The firm has a market cap of $21.51 billion and a PE ratio of 14.34.

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

Other large investors have modified their holdings of the company. Trilogy Global Advisors LP boosted its stake in shares of ICICI Bank by 30.6% in the fourth quarter. Trilogy Global Advisors LP now owns 7,963,214 shares of the company’s stock valued at $62,348,000 after buying an additional 1,864,792 shares during the period. World Asset Management Inc increased its stake in 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. Comerica Bank increased its stake in ICICI Bank by 33.2% in the fourth quarter. Comerica Bank now owns 212,283 shares of the company’s stock valued at $1,514,000 after buying an additional 52,946 shares during the last quarter. Todd Asset Management LLC increased its stake in ICICI Bank by 19.7% in the fourth quarter. Todd Asset Management LLC now owns 1,367,641 shares of the company’s stock valued at $10,709,000 after buying an additional 224,870 shares during the last quarter. Finally, Herndon Capital Management LLC bought a new stake in ICICI Bank during the fourth quarter valued at about $2,154,000.

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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