Wetherby Asset Management Inc. raised its position in shares of ICICI Bank Limited (NYSE:IBN) by 8.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,399 shares of the bank’s stock after buying an additional 5,675 shares during the period. Wetherby Asset Management Inc.’s holdings in ICICI Bank Limited were worth $659,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Lazard Asset Management LLC raised its position in shares of ICICI Bank Limited by 69.9% in the first quarter. Lazard Asset Management LLC now owns 10,386,637 shares of the bank’s stock worth $89,325,000 after buying an additional 4,273,463 shares during the period. Karp Capital Management Corp acquired a new position in shares of ICICI Bank Limited during the first quarter worth about $5,779,000. Portland Global Advisors LLC raised its position in shares of ICICI Bank Limited by 0.3% in the first quarter. Portland Global Advisors LLC now owns 237,164 shares of the bank’s stock worth $2,040,000 after buying an additional 650 shares during the period. Bank of The West acquired a new position in shares of ICICI Bank Limited during the first quarter worth about $208,000. Finally, Greenleaf Trust acquired a new position in shares of ICICI Bank Limited during the first quarter worth about $162,000. Institutional investors and hedge funds own 20.84% of the company’s stock.

Shares of ICICI Bank Limited (IBN) opened at 8.90 on Friday. The firm’s 50-day moving average is $9.18 and its 200-day moving average is $8.32. ICICI Bank Limited has a 52-week low of $6.43 and a 52-week high of $9.85. The firm has a market cap of $28.51 billion, a P/E ratio of 17.80 and a beta of 1.77.

ICICI Bank Limited (NYSE:IBN) last announced its quarterly earnings data on Thursday, July 27th. The bank reported $0.10 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. ICICI Bank Limited had a return on equity of 8.86% and a net margin of 13.03%. The firm had revenue of $1.39 billion during the quarter. Analysts anticipate that ICICI Bank Limited will post $0.38 earnings per share for the current year.

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IBN has been the subject of a number of research reports. Zacks Investment Research upgraded shares of ICICI Bank Limited from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Monday, May 8th. Goldman Sachs Group, Inc. (The) raised shares of ICICI Bank Limited from a “buy” rating to a “conviction-buy” rating in a research report on Tuesday, June 6th. BidaskClub raised shares of ICICI Bank Limited from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Finally, ValuEngine downgraded shares of ICICI Bank Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $11.00.

About ICICI Bank Limited

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 Limited (NYSE:IBN)

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