Fmr LLC Has $45.64 Million Stake in ICICI Bank Limited (IBN)
Fmr LLC lifted its stake in ICICI Bank Limited (NYSE:IBN) by 10.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,088,030 shares of the bank’s stock after acquiring an additional 470,030 shares during the period. Fmr LLC owned approximately 0.16% of ICICI Bank Limited worth $45,640,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Ronald Blue & Co. LLC bought a new position in shares of ICICI Bank Limited in the second quarter worth $100,000. Smithfield Trust Co. boosted its holdings 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 worth $106,000 after acquiring an additional 968 shares during the period. CAPROCK Group Inc. bought a new position in shares of ICICI Bank Limited in the second quarter worth $107,000. Comerica Securities Inc. bought a new position in shares of ICICI Bank Limited in the second quarter worth $115,000. Finally, American Century Companies Inc. boosted its holdings in shares of ICICI Bank Limited by 10.0% in the second quarter. American Century Companies Inc. now owns 12,980 shares of the bank’s stock worth $116,000 after acquiring an additional 1,180 shares during the period. 21.67% of the stock is owned by hedge funds and other institutional investors.
Shares of ICICI Bank Limited (IBN) opened at 8.32 on Wednesday. The stock has a market cap of $26.65 billion, a P/E ratio of 16.57 and a beta of 1.70. ICICI Bank Limited has a 12 month low of $6.69 and a 12 month high of $9.85. The company has a 50 day moving average price of $8.85 and a 200-day moving average price of $8.76.
ICICI Bank Limited (NYSE:IBN) last released its quarterly earnings data on Thursday, July 27th. The bank reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. ICICI Bank Limited had a net margin of 13.03% and a return on equity of 8.86%. The business had revenue of $1.39 billion during the quarter. On average, equities research analysts predict that ICICI Bank Limited will post $0.38 earnings per share for the current year.
A number of equities research analysts recently issued reports on IBN shares. ValuEngine upgraded ICICI Bank Limited from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded ICICI Bank Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, BidaskClub downgraded ICICI Bank Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $9.50.
ICICI Bank Limited 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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