Baillie Gifford & Co. increased its holdings in shares of ICICI Bank Limited (NYSE:IBN) by 8.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,193,323 shares of the bank’s stock after purchasing an additional 1,589,102 shares during the quarter. Baillie Gifford & Co. owned approximately 0.66% of ICICI Bank Limited worth $190,104,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Capstone Asset Management Co. grew its position in shares of ICICI Bank Limited by 0.4% during the second quarter. Capstone Asset Management Co. now owns 82,479 shares of the bank’s stock worth $740,000 after purchasing an additional 360 shares in the last quarter. HighTower Advisors LLC grew its position in shares of ICICI Bank Limited by 2.4% during the first quarter. HighTower Advisors LLC now owns 16,476 shares of the bank’s stock worth $144,000 after purchasing an additional 384 shares in the last quarter. Baldwin Investment Management LLC grew its position in shares of ICICI Bank Limited by 0.8% during the second quarter. Baldwin Investment Management LLC now owns 61,073 shares of the bank’s stock worth $548,000 after purchasing an additional 483 shares in the last quarter. Gilder Gagnon Howe & Co. LLC grew its position in shares of ICICI Bank Limited by 5.3% during the first quarter. Gilder Gagnon Howe & Co. LLC now owns 13,956 shares of the bank’s stock worth $120,000 after purchasing an additional 699 shares in the last quarter. Finally, Smithfield Trust Co. grew its position in shares of ICICI Bank Limited by 9.0% during the second quarter. Smithfield Trust Co. now owns 11,775 shares of the bank’s stock worth $106,000 after purchasing an additional 968 shares in the last quarter. Hedge funds and other institutional investors own 21.66% of the company’s stock.

IBN has been the subject of several research analyst reports. BidaskClub upgraded ICICI Bank Limited from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Zacks Investment Research upgraded ICICI Bank Limited from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Wednesday, June 7th. ValuEngine upgraded ICICI Bank Limited from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Goldman Sachs Group, Inc. (The) upgraded ICICI Bank Limited from a “buy” rating to a “conviction-buy” rating in a research report on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. ICICI Bank Limited currently has a consensus rating of “Buy” and an average target price of $11.00.

Shares of ICICI Bank Limited (NYSE IBN) traded down 0.98% during trading on Friday, reaching $9.10. The company had a trading volume of 3,539,887 shares. ICICI Bank Limited has a 52 week low of $6.43 and a 52 week high of $9.85. The company has a market capitalization of $29.15 billion, a PE ratio of 18.20 and a beta of 1.79. The stock’s 50-day moving average price is $9.26 and its 200-day moving average price is $8.55.

ICICI Bank Limited (NYSE:IBN) last announced its quarterly earnings results 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. On average, equities analysts expect that ICICI Bank Limited will post $0.38 EPS for the current fiscal year.

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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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