ICICI Bank (NYSE:IBN) Sees Large Volume Increase

ICICI Bank Limited (NYSE:IBN - Get Free Report) saw unusually-high trading volume on Friday . Approximately 10,812,972 shares were traded during mid-day trading, an increase of 70% from the previous session's volume of 6,359,448 shares.The stock last traded at $25.72 and had previously closed at $25.63.

ICICI Bank Price Performance

The stock has a fifty day simple moving average of $25.43 and a two-hundred day simple moving average of $23.98. The company has a market cap of $90.40 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 1.58 and a beta of 1.01. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.80.

ICICI Bank (NYSE:IBN - Get Free Report) last issued its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. The firm had revenue of $5.18 billion during the quarter. ICICI Bank had a return on equity of 16.57% and a net margin of 24.82%. On average, equities analysts predict that ICICI Bank Limited will post 1.38 EPS for the current fiscal year.

Institutional Trading of ICICI Bank

Several institutional investors have recently made changes to their positions in IBN. WCM Investment Management LLC grew its stake in shares of 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 during the period. Goldman Sachs Group Inc. grew its stake in shares of ICICI Bank by 139.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 13,242,409 shares of the bank's stock valued at $250,811,000 after buying an additional 7,710,015 shares during the period. Voloridge Investment Management LLC grew its stake in shares of ICICI Bank by 434.8% during the 4th quarter. Voloridge Investment Management LLC now owns 3,835,365 shares of the bank's stock valued at $91,435,000 after buying an additional 3,118,261 shares during the period. BlackRock Inc. grew its stake in shares of ICICI Bank by 29.2% during the 2nd quarter. BlackRock Inc. now owns 13,655,856 shares of the bank's stock valued at $315,177,000 after buying an additional 3,084,269 shares during the period. Finally, Schroder Investment Management Group boosted its position in ICICI Bank by 23.9% during the 3rd quarter. Schroder Investment Management Group now owns 15,217,088 shares of the bank's stock worth $351,819,000 after purchasing an additional 2,938,260 shares during the period. 18.18% of the stock is owned by hedge funds and other institutional investors.

ICICI Bank Company Profile

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.