Mirae Asset Global Investments Co. Ltd. Sells 8,599 Shares of ICICI Bank Ltd (IBN)
Mirae Asset Global Investments Co. Ltd. lowered its holdings in ICICI Bank Ltd (NYSE:IBN) by 14.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,803 shares of the bank’s stock after selling 8,599 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in ICICI Bank were worth $512,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of IBN. Bank of New York Mellon Corp boosted its stake in shares of ICICI Bank by 49.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 747,827 shares of the bank’s stock worth $6,004,000 after buying an additional 246,308 shares during the last quarter. Comerica Bank boosted its stake in shares of ICICI Bank by 2.3% in the 3rd quarter. Comerica Bank now owns 263,317 shares of the bank’s stock worth $2,322,000 after buying an additional 5,812 shares during the last quarter. ING Groep NV purchased a new position in shares of ICICI Bank in the 3rd quarter worth approximately $445,000. SG Americas Securities LLC boosted its stake in shares of ICICI Bank by 38.4% in the 3rd quarter. SG Americas Securities LLC now owns 719,587 shares of the bank’s stock worth $6,109,000 after buying an additional 199,841 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its stake in shares of ICICI Bank by 77.9% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 34,250 shares of the bank’s stock worth $291,000 after buying an additional 15,000 shares during the last quarter. Institutional investors and hedge funds own 23.19% of the company’s stock.
ICICI Bank stock opened at $11.31 on Friday. ICICI Bank Ltd has a 12 month low of $7.61 and a 12 month high of $11.40. The company has a market capitalization of $36.23 billion, a P/E ratio of 35.34 and a beta of 0.95.
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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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