Shares of ICICI Bank Limited (NYSE:IBN - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $34.35 and last traded at $34.36, with a volume of 2073893 shares changing hands. The stock had previously closed at $33.78.
Analyst Ratings Changes
Separately, Wall Street Zen raised shares of ICICI Bank from a "sell" rating to a "hold" rating in a research note on Wednesday, March 19th.
View Our Latest Report on IBN
ICICI Bank Trading Up 0.1%
The firm has a fifty day moving average price of $32.61 and a 200 day moving average price of $30.54. The company has a market cap of $122.47 billion, a price-to-earnings ratio of 22.76, a P/E/G ratio of 1.53 and a beta of 0.60. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.01.
ICICI Bank (NYSE:IBN - Get Free Report) last issued its quarterly earnings data on Saturday, April 19th. The bank reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.04. ICICI Bank had a return on equity of 15.61% and a net margin of 24.40%. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $280.01 billion. 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 the company. GQG Partners LLC boosted 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 purchasing an additional 13,222,098 shares in the last quarter. New Vernon Capital Holdings II LLC lifted its holdings in ICICI Bank by 3,336.5% during the 1st quarter. New Vernon Capital Holdings II LLC now owns 26,159,740 shares of the bank's stock worth $829,941,000 after purchasing an additional 25,398,509 shares in the last quarter. Invesco Ltd. boosted its stake in ICICI Bank by 2.9% during 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 increased its holdings in shares of ICICI Bank by 18.8% in the 4th 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. grew its position in ICICI Bank by 19.2% during the third quarter. JPMorgan Chase & Co. now owns 18,269,477 shares of the bank's stock valued at $545,344,000 after acquiring an additional 2,947,508 shares during the last quarter. 18.18% of the stock is currently owned by institutional investors.
About ICICI Bank
(
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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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