ICICI Bank Limited (NYSE:IBN) is Segantii Capital Management Ltd’s 2nd Largest Position
Segantii Capital Management Ltd increased its stake in shares of ICICI Bank Limited (NYSE:IBN) by 150.9% during the second quarter, Holdings Channel reports. The firm owned 5,112,901 shares of the bank’s stock after buying an additional 3,074,822 shares during the period. ICICI Bank Limited comprises about 11.0% of Segantii Capital Management Ltd’s investment portfolio, making the stock its 2nd largest position. Segantii Capital Management Ltd’s holdings in ICICI Bank Limited were worth $45,888,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of IBN. Ronald Blue & Co. LLC bought a new position in shares of ICICI Bank Limited during the second quarter valued at about $100,000. Smithfield Trust Co. boosted its position in shares of ICICI Bank Limited by 9.0% in the second quarter. Smithfield Trust Co. now owns 11,775 shares of the bank’s stock valued at $106,000 after buying an additional 968 shares during the period. CAPROCK Group Inc. bought a new position in shares of ICICI Bank Limited during the second quarter valued at about $107,000. American Century Companies Inc. bought a new position in shares of ICICI Bank Limited during the first quarter valued at about $101,000. Finally, Park Avenue Securities LLC raised its stake in shares of ICICI Bank Limited by 29.3% in the second quarter. Park Avenue Securities LLC now owns 13,565 shares of the bank’s stock worth $117,000 after buying an additional 3,077 shares in the last quarter. Hedge funds and other institutional investors own 20.84% of the company’s stock.
Shares of ICICI Bank Limited (NYSE:IBN) opened at 9.04 on Thursday. The firm has a 50-day moving average price of $9.18 and a 200-day moving average price of $8.30. The stock has a market cap of $28.96 billion, a price-to-earnings ratio of 18.08 and a beta of 1.77. ICICI Bank Limited has a one year low of $6.43 and a one year high of $9.85.
ICICI Bank Limited (NYSE:IBN) last released its quarterly earnings data on Thursday, July 27th. The bank reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. The firm had revenue of $1.39 billion for the quarter. ICICI Bank Limited had a net margin of 13.03% and a return on equity of 8.86%. Analysts anticipate that ICICI Bank Limited will post $0.38 earnings per share for the current fiscal year.
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A number of equities research analysts have weighed in on the company. BidaskClub lowered ICICI Bank Limited from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine lowered ICICI Bank Limited from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Zacks Investment Research lowered ICICI Bank Limited from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) raised ICICI Bank Limited from a “buy” rating to a “conviction-buy” rating in a report on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $11.00.
ICICI Bank Limited 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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