Two Sigma Advisers LP increased its position in ICICI Bank (NYSE:IBN) by 686.7% in the 4th quarter, Holdings Channel reports. The fund owned 82,210 shares of the bank’s stock after purchasing an additional 71,760 shares during the period. Two Sigma Advisers LP’s holdings in ICICI Bank were worth $800,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. OppenheimerFunds Inc. increased its holdings in ICICI Bank by 15.0% in the 4th quarter. OppenheimerFunds Inc. now owns 61,623,547 shares of the bank’s stock worth $599,597,000 after acquiring an additional 8,049,720 shares during the last quarter. Lazard Asset Management LLC grew its holdings in ICICI Bank by 1.2% during the 4th quarter. Lazard Asset Management LLC now owns 28,560,613 shares of the bank’s stock valued at $277,894,000 after buying an additional 332,194 shares in the last quarter. BlackRock Inc. grew its holdings in ICICI Bank by 12.6% during the 4th quarter. BlackRock Inc. now owns 16,084,638 shares of the bank’s stock valued at $156,503,000 after buying an additional 1,796,060 shares in the last quarter. Fisher Asset Management LLC grew its holdings in ICICI Bank by 0.4% during the 4th quarter. Fisher Asset Management LLC now owns 13,725,581 shares of the bank’s stock valued at $133,550,000 after buying an additional 48,333 shares in the last quarter. Finally, ARGA Investment Management LP grew its holdings in ICICI Bank by 24.7% during the 4th quarter. ARGA Investment Management LP now owns 13,631,501 shares of the bank’s stock valued at $132,635,000 after buying an additional 2,698,391 shares in the last quarter. 21.81% of the stock is owned by institutional investors.

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IBN stock opened at $8.71 on Tuesday. The stock has a market cap of $28,030.29, a price-to-earnings ratio of 19.36, a P/E/G ratio of 0.77 and a beta of 1.89. ICICI Bank has a twelve month low of $7.48 and a twelve month high of $11.26.

A number of research analysts have weighed in on the company. Zacks Investment Research lowered ICICI Bank from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Morgan Stanley assumed coverage on ICICI Bank in a report on Tuesday, January 16th. They set an “overweight” rating for the company. Finally, ValuEngine lowered ICICI Bank from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. ICICI Bank currently has a consensus rating of “Buy” and a consensus target price of $11.00.

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About ICICI Bank

ICICI Bank Limited, together with its subsidiaries, provides banking and financial services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance, and Others segments. The company offers savings, salary, pension, current, other accounts; and fixed, recurring, and security deposits.

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

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