ICICI Bank Limited (NYSE:IBN - Get Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as $26.69 and last traded at $26.65, with a volume of 604142 shares changing hands. The stock had previously closed at $26.08.
ICICI Bank Price Performance
The firm has a market capitalization of $93.50 billion, a P/E ratio of 19.95, a PEG ratio of 1.59 and a beta of 1.01. The firm has a 50-day moving average of $25.50 and a 200-day moving average of $24.02. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.99 and a current ratio of 0.99.
ICICI Bank (NYSE:IBN - Get Free Report) last announced its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.35 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.35. ICICI Bank had a net margin of 24.82% and a return on equity of 16.57%. The firm had revenue of $5.18 billion for the quarter. As a group, analysts predict that ICICI Bank Limited will post 1.38 EPS for the current year.
Institutional Investors Weigh In On ICICI Bank
Institutional investors and hedge funds have recently bought and sold shares of the business. WCM Investment Management LLC grew its holdings in ICICI Bank by 21.4% during the 1st quarter. WCM Investment Management LLC now owns 70,848,478 shares of the bank's stock valued at $1,528,910,000 after buying an additional 12,491,086 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of ICICI Bank by 139.4% during the first quarter. Goldman Sachs Group Inc. now owns 13,242,409 shares of the bank's stock valued at $250,811,000 after purchasing an additional 7,710,015 shares in the last quarter. Voloridge Investment Management LLC increased its holdings in shares of ICICI Bank by 434.8% in the fourth quarter. Voloridge Investment Management LLC now owns 3,835,365 shares of the bank's stock worth $91,435,000 after purchasing an additional 3,118,261 shares during the last quarter. BlackRock Inc. lifted its position in shares of ICICI Bank by 29.2% in the second quarter. BlackRock Inc. now owns 13,655,856 shares of the bank's stock worth $315,177,000 after buying an additional 3,084,269 shares in the last quarter. Finally, Schroder Investment Management Group boosted its stake in ICICI Bank by 23.9% during the third quarter. Schroder Investment Management Group now owns 15,217,088 shares of the bank's stock valued at $351,819,000 after buying an additional 2,938,260 shares during the last quarter. 18.18% of the stock is owned by institutional investors.
ICICI Bank Company Profile
(
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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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