Epoch Investment Partners Inc. increased its stake in shares of ICICI Bank Limited (NYSE:IBN) by 20.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,882,534 shares of the bank’s stock after purchasing an additional 492,368 shares during the quarter. Epoch Investment Partners Inc. owned about 0.09% of ICICI Bank worth $24,675,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IBN. Schwab Charles Investment Management Inc. grew its stake in shares of ICICI Bank by 23.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 247,165 shares of the bank’s stock valued at $2,126,000 after purchasing an additional 47,005 shares during the last quarter. ING Groep NV grew its stake in shares of ICICI Bank by 9.3% during the second quarter. ING Groep NV now owns 43,621 shares of the bank’s stock valued at $391,000 after purchasing an additional 3,694 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its stake in shares of ICICI Bank by 9.5% during the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 36,524 shares of the bank’s stock valued at $327,000 after purchasing an additional 3,158 shares during the last quarter. NGAM Advisors L.P. grew its stake in shares of ICICI Bank by 446.4% during the second quarter. NGAM Advisors L.P. now owns 262,565 shares of the bank’s stock valued at $2,355,000 after purchasing an additional 214,508 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of ICICI Bank by 23.2% during the second quarter. Janney Montgomery Scott LLC now owns 21,918 shares of the bank’s stock valued at $197,000 after purchasing an additional 4,132 shares during the last quarter. 21.97% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently commented on IBN. Jefferies Group raised shares of ICICI Bank from a “hold” rating to a “buy” rating in a research note on Monday, October 30th. Morgan Stanley raised shares of ICICI Bank from an “underweight” rating to an “overweight” rating in a research note on Wednesday, October 25th. ValuEngine cut shares of ICICI Bank from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Zacks Investment Research raised shares of ICICI Bank from a “hold” rating to a “buy” rating and set a $9.50 price objective on the stock in a research note on Tuesday, September 26th. Finally, BidaskClub raised shares of ICICI Bank from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $9.50.

Shares of ICICI Bank Limited (NYSE:IBN) traded up $0.09 during mid-day trading on Wednesday, reaching $9.44. 5,159,300 shares of the company’s stock were exchanged, compared to its average volume of 8,103,999. ICICI Bank Limited has a 1 year low of $6.69 and a 1 year high of $9.93. The company has a market capitalization of $29,952.37, a PE ratio of 23.38, a PEG ratio of 1.02 and a beta of 1.73. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.72.

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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.

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

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