ICICI Bank Limited (NYSE:IBN - Get Free Report)'s stock price hit a new 52-week high during trading on Friday . The company traded as high as $34.35 and last traded at $34.36, with a volume of 2073893 shares traded. The stock had previously closed at $33.78.
Analyst Ratings Changes
Separately, Wall Street Zen raised ICICI Bank from a "sell" rating to a "hold" rating in a report on Wednesday, March 19th.
Check Out Our Latest Analysis on IBN
ICICI Bank Stock Down 0.3%
The firm has a 50 day moving average price of $32.54 and a 200-day moving average price of $30.51. The firm has a market cap of $122.19 billion, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 1.53 and a beta of 0.60. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.01 and a quick ratio of 1.01.
ICICI Bank (NYSE:IBN - Get Free Report) last announced its quarterly earnings data on Saturday, April 19th. The bank reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.04. The firm had revenue of $3.33 billion during the quarter, compared to analysts' expectations of $280.01 billion. ICICI Bank had a return on equity of 15.61% and a net margin of 24.40%. As a group, equities analysts predict that ICICI Bank Limited will post 1.53 EPS for the current fiscal year.
Hedge Funds Weigh In On ICICI Bank
Several large investors have recently bought and sold shares of IBN. GQG Partners LLC raised its position in shares of ICICI Bank by 20.6% during the 1st quarter. GQG Partners LLC now owns 77,407,725 shares of the bank's stock valued at $2,439,891,000 after acquiring an additional 13,222,098 shares during the last quarter. New Vernon Capital Holdings II LLC increased its holdings in ICICI Bank by 3,336.5% in the first quarter. New Vernon Capital Holdings II LLC now owns 26,159,740 shares of the bank's stock valued at $829,941,000 after purchasing an additional 25,398,509 shares during the last quarter. Invesco Ltd. lifted its stake in ICICI Bank by 2.9% in the first quarter. Invesco Ltd. now owns 20,804,970 shares of the bank's stock valued at $655,773,000 after buying an additional 588,023 shares during the period. FIL Ltd boosted its holdings in ICICI Bank by 18.8% during the fourth quarter. FIL Ltd now owns 19,442,017 shares of the bank's stock worth $580,539,000 after buying an additional 3,071,174 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in ICICI Bank by 19.2% during the third quarter. JPMorgan Chase & Co. now owns 18,269,477 shares of the bank's stock worth $545,344,000 after buying an additional 2,947,508 shares during the last quarter. 18.18% of the stock is currently owned by institutional investors and hedge funds.
ICICI Bank Company Profile
(
Get Free Report)
ICICI Bank Limited provides various banking products and services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, and Others segments. The company offers savings, salary, pension, current, and other accounts; and time, fixed, recurring, and security deposits services.
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