Comerica Bank raised its holdings in ICICI Bank Limited (NYSE:IBN) by 12.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 226,879 shares of the bank’s stock after purchasing an additional 25,031 shares during the period. Comerica Bank’s holdings in ICICI Bank were worth $2,051,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in IBN. BT Investment Management Ltd purchased a new stake in shares of ICICI Bank in the second quarter valued at about $86,396,000. Lazard Asset Management LLC lifted its holdings in shares of ICICI Bank by 90.0% in the second quarter. Lazard Asset Management LLC now owns 19,738,017 shares of the bank’s stock valued at $177,050,000 after purchasing an additional 9,351,380 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in shares of ICICI Bank by 34.1% in the third quarter. Baillie Gifford & Co. now owns 28,409,871 shares of the bank’s stock valued at $243,188,000 after purchasing an additional 7,216,548 shares in the last quarter. LMR Partners LLP lifted its holdings in shares of ICICI Bank by 102.2% in the second quarter. LMR Partners LLP now owns 12,055,375 shares of the bank’s stock valued at $108,324,000 after purchasing an additional 6,091,901 shares in the last quarter. Finally, Harding Loevner LP lifted its holdings in shares of ICICI Bank by 11.1% in the second quarter. Harding Loevner LP now owns 49,907,254 shares of the bank’s stock valued at $447,668,000 after purchasing an additional 4,972,062 shares in the last quarter. 24.24% of the stock is currently owned by institutional investors.

ICICI Bank Limited (NYSE:IBN) traded down $0.16 during trading hours on Friday, hitting $9.38. 7,423,014 shares of the stock were exchanged, compared to its average volume of 8,132,529. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.72. The firm has a market capitalization of $30,881.37, a price-to-earnings ratio of 24.10, a PEG ratio of 1.05 and a beta of 1.73. ICICI Bank Limited has a twelve month low of $6.69 and a twelve month high of $9.93.

IBN has been the subject of a number of analyst reports. BidaskClub raised shares of ICICI Bank from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Morgan Stanley raised shares of ICICI Bank from an “underweight” rating to an “overweight” rating in a research report on Wednesday, October 25th. Zacks Investment Research raised shares of ICICI Bank from a “hold” rating to a “buy” rating and set a $9.50 price objective for the company in a research report on Tuesday, September 26th. ValuEngine lowered shares of ICICI Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Finally, Jefferies Group raised shares of ICICI Bank 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 assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $9.50.

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About ICICI Bank

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 (NYSE:IBN)

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