Blair William & Co. IL purchased a new position in ICICI Bank Limited (NYSE:IBN) during the second quarter, according to its most recent filing with the SEC. The firm purchased 165,600 shares of the bank’s stock, valued at approximately $1,485,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of IBN. Capstone Asset Management Co. increased its position in shares of ICICI Bank Limited by 0.4% in the second quarter. Capstone Asset Management Co. now owns 82,479 shares of the bank’s stock worth $740,000 after buying an additional 360 shares during the period. HighTower Advisors LLC increased its position in shares of ICICI Bank Limited by 2.4% in the first quarter. HighTower Advisors LLC now owns 16,476 shares of the bank’s stock worth $144,000 after buying an additional 384 shares during the period. Gilder Gagnon Howe & Co. LLC increased its position in shares of ICICI Bank Limited by 5.3% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 13,956 shares of the bank’s stock worth $120,000 after buying an additional 699 shares during the period. Smithfield Trust Co. increased its position in shares of ICICI Bank Limited by 9.0% in the second quarter. Smithfield Trust Co. now owns 11,775 shares of the bank’s stock worth $106,000 after buying an additional 968 shares during the period. Finally, Capital One National Association increased its position in shares of ICICI Bank Limited by 4.5% in the second quarter. Capital One National Association now owns 23,731 shares of the bank’s stock worth $213,000 after buying an additional 1,028 shares during the period. Hedge funds and other institutional investors own 21.66% of the company’s stock.

ICICI Bank Limited (NYSE IBN) opened at 9.44 on Monday. The company’s 50 day moving average is $9.23 and its 200-day moving average is $8.45. The firm has a market cap of $30.24 billion, a P/E ratio of 18.80 and a beta of 1.77. ICICI Bank Limited has a 52-week low of $6.42 and a 52-week high of $9.85.

ICICI Bank Limited (NYSE:IBN) last posted its quarterly earnings results on Thursday, July 27th. The bank reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. ICICI Bank Limited had a return on equity of 8.86% and a net margin of 13.03%. The business had revenue of $1.39 billion for the quarter. On average, equities analysts predict that ICICI Bank Limited will post $0.38 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was originally posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this piece on another publication, it was copied illegally and republished in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://theolympiareport.com/2017/08/28/blair-william-co-il-invests-1-49-million-in-icici-bank-limited-ibn.html.

IBN has been the topic of a number of research reports. BidaskClub upgraded shares of ICICI Bank Limited from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of ICICI Bank Limited from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Wednesday, June 7th. Goldman Sachs Group, Inc. (The) upgraded shares of ICICI Bank Limited from a “buy” rating to a “conviction-buy” rating in a research report on Tuesday, June 6th. Finally, ValuEngine downgraded shares of ICICI Bank Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. ICICI Bank Limited presently has an average rating of “Buy” and an average price target of $11.00.

ICICI Bank Limited Company Profile

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.

Want to see what other hedge funds are holding IBN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ICICI Bank Limited (NYSE:IBN).

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

Receive News & Ratings for ICICI Bank Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ICICI Bank Limited and related companies with Analyst Ratings Network's FREE daily email newsletter.