CI Investments Inc. raised its stake in ICICI Bank Limited (NYSE:IBN) by 18.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,091,650 shares of the bank’s stock after acquiring an additional 166,300 shares during the period. CI Investments Inc.’s holdings in ICICI Bank Limited were worth $9,345,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harding Loevner LP boosted its position in shares of ICICI Bank Limited by 11.1% during the second quarter. Harding Loevner LP now owns 49,907,254 shares of the bank’s stock valued at $447,668,000 after buying an additional 4,972,062 shares during the last quarter. Black Creek Investment Management Inc. boosted its position in shares of ICICI Bank Limited by 18.2% during the second quarter. Black Creek Investment Management Inc. now owns 31,817,417 shares of the bank’s stock valued at $285,402,000 after buying an additional 4,889,079 shares during the last quarter. Baillie Gifford & Co. boosted its position in shares of ICICI Bank Limited by 34.1% during the third quarter. Baillie Gifford & Co. now owns 28,409,871 shares of the bank’s stock valued at $243,188,000 after buying an additional 7,216,548 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of ICICI Bank Limited by 6.3% during the second quarter. Dimensional Fund Advisors LP now owns 23,956,005 shares of the bank’s stock valued at $214,881,000 after buying an additional 1,413,942 shares during the last quarter. Finally, Earnest Partners LLC boosted its position in shares of ICICI Bank Limited by 7.7% during the second quarter. Earnest Partners LLC now owns 20,420,372 shares of the bank’s stock valued at $183,171,000 after buying an additional 1,467,391 shares during the last quarter. 21.87% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ICICI Bank Limited (NYSE:IBN) traded down $0.15 during trading hours on Tuesday, reaching $9.46. The company’s stock had a trading volume of 5,985,300 shares, compared to its average volume of 8,225,773. The stock has a market capitalization of $30,785.27, a PE ratio of 24.02, a price-to-earnings-growth ratio of 0.93 and a beta of 1.73. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.16 and a quick ratio of 1.16. ICICI Bank Limited has a fifty-two week low of $6.69 and a fifty-two week high of $9.85.

Several equities research analysts recently commented on IBN shares. BidaskClub cut ICICI Bank Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. ValuEngine cut ICICI Bank Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Zacks Investment Research cut ICICI Bank Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Morgan Stanley raised ICICI Bank Limited from an “underweight” rating to an “overweight” rating in a research report on Wednesday, October 25th. Finally, Jefferies Group LLC raised ICICI Bank Limited from a “hold” rating to a “buy” rating in a research report on Monday, October 30th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $9.50.

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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.

Institutional Ownership by Quarter for ICICI Bank Limited (NYSE:IBN)

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