ICICI Bank Limited (NYSE:IBN - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $30.28 and traded as high as $33.86. ICICI Bank shares last traded at $33.57, with a volume of 12,566,916 shares traded.
Wall Street Analyst Weigh In
Separately, StockNews.com raised ICICI Bank from a "sell" rating to a "hold" rating in a research note on Wednesday, March 19th.
Read Our Latest Research Report on ICICI Bank
ICICI Bank Stock Performance
The firm has a market cap of $121.05 billion, a PE ratio of 22.50, a price-to-earnings-growth ratio of 1.53 and a beta of 0.60. The company has a 50 day simple moving average of $31.78 and a 200-day simple moving average of $30.33. 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 released its quarterly earnings data on Saturday, April 19th. The bank reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.04. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates 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 research analysts anticipate that ICICI Bank Limited will post 1.53 EPS for the current year.
Institutional Trading of ICICI Bank
A number of institutional investors have recently made changes to their positions in the stock. GQG Partners LLC boosted its stake in shares of ICICI Bank by 20.6% during the first 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 during the period. Invesco Ltd. boosted its stake in shares of 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 purchasing an additional 588,023 shares during the period. FIL Ltd boosted its stake in shares of ICICI Bank by 18.8% during the fourth quarter. FIL Ltd now owns 19,442,017 shares of the bank's stock valued at $580,539,000 after purchasing an additional 3,071,174 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of 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 purchasing an additional 2,947,508 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its stake in ICICI Bank by 4.2% in the first quarter. Robeco Institutional Asset Management B.V. now owns 15,588,862 shares of the bank's stock worth $491,361,000 after acquiring an additional 633,153 shares during the period. Hedge funds and other institutional investors own 18.18% of the company's stock.
About ICICI Bank
(
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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