Blair William & Co. IL cut its position in ICICI Bank Ltd (NYSE:IBN) by 4.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 204,241 shares of the bank’s stock after selling 9,407 shares during the quarter. Blair William & Co. IL’s holdings in ICICI Bank were worth $1,734,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Nomura Holdings Inc. raised its stake in ICICI Bank by 139.7% during the 2nd quarter. Nomura Holdings Inc. now owns 163,020 shares of the bank’s stock valued at $1,002,000 after acquiring an additional 574,075 shares during the last quarter. SP Asset Management purchased a new stake in ICICI Bank during the 2nd quarter valued at approximately $106,000. Morgan Stanley raised its stake in ICICI Bank by 10.1% during the 2nd quarter. Morgan Stanley now owns 13,146,632 shares of the bank’s stock valued at $105,567,000 after acquiring an additional 1,202,555 shares during the last quarter. Russell Investments Group Ltd. raised its stake in ICICI Bank by 9.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 7,318,535 shares of the bank’s stock valued at $62,496,000 after acquiring an additional 609,012 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in ICICI Bank by 2.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 293,822 shares of the bank’s stock valued at $2,360,000 after acquiring an additional 6,220 shares during the last quarter. 23.69% of the stock is owned by hedge funds and other institutional investors.

Several research firms have commented on IBN. HSBC downgraded ICICI Bank from a “buy” rating to a “hold” rating in a research note on Friday, November 23rd. Zacks Investment Research downgraded ICICI Bank from a “hold” rating to a “sell” rating in a research note on Monday, August 13th. Finally, JPMorgan Chase & Co. raised ICICI Bank from a “neutral” rating to an “overweight” rating in a research note on Monday, October 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $11.00.

Shares of IBN stock opened at $9.94 on Friday. The company has a market cap of $32.03 billion, a PE ratio of 31.06 and a beta of 1.44. ICICI Bank Ltd has a 12-month low of $7.61 and a 12-month high of $11.26. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.97.

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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, and 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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