GAM Holding AG Buys 364,000 Shares of ICICI Bank Ltd. (IBN)
GAM Holding AG increased its stake in shares of ICICI Bank Ltd. (NYSE:IBN) by 56.2% during the third quarter, Holdings Channel reports. The institutional investor owned 1,012,000 shares of the company’s stock after buying an additional 364,000 shares during the period. GAM Holding AG’s holdings in ICICI Bank were worth $7,559,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Quantitative Investment Management LLC acquired a new position in shares of ICICI Bank during the second quarter valued at $103,000. Creative Planning raised its position in ICICI Bank by 216.4% in the third quarter. Creative Planning now owns 16,741 shares of the company’s stock worth $125,000 after buying an additional 11,450 shares during the period. Neuberger Berman Group LLC raised its position in ICICI Bank by 8.3% in the second quarter. Neuberger Berman Group LLC now owns 18,619 shares of the company’s stock worth $134,000 after buying an additional 1,419 shares during the period. Swarthmore Group Inc. raised its position in ICICI Bank by 55.5% in the second quarter. Swarthmore Group Inc. now owns 18,850 shares of the company’s stock worth $135,000 after buying an additional 6,725 shares during the period. Finally, Janney Montgomery Scott LLC bought a new position in ICICI Bank during the second quarter worth about $156,000. 22.09% of the stock is owned by hedge funds and other institutional investors.
ICICI Bank Ltd. (NYSE:IBN) traded up 1.07% on Tuesday, reaching $7.54. The company had a trading volume of 5,984,752 shares. ICICI Bank Ltd. has a 52-week low of $5.15 and a 52-week high of $8.80. The stock’s 50-day moving average price is $8.01 and its 200 day moving average price is $7.61. The firm has a market capitalization of $21.92 billion, a price-to-earnings ratio of 14.78 and a beta of 2.13.
Separately, Goldman Sachs Group Inc. upgraded ICICI Bank from a “neutral” rating to a “buy” rating in a report on Monday, October 24th.
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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